UMEME Bids For Increase In Power Charges
UMEME has gone to the electricity regulator body, Electricity Regulatory Authority to ask for permission to increase the power tariffs...
Business
Bank of Uganda Further Reduces Interest Rates
Tumusiime Mutebile Bank of Uganda has reduced the Central Bank Rate further down to 12% for the month of December...
Donors Freeze $300 Million in Aid over Corruption
Major donor nations froze at least $300 million in aid to Uganda meant to support the government’s budget from July...
Chinese Restaurants Shut Over Monkey Meat
Some Restaurants in China Have been shut for serving infant monkeys Chinese Police have shut down two restaurants after it...
Uganda To Revive National Airline
Uganda is set to have its national wings back in the air The republic of Uganda is set to acquire...
Uganda’s Shilling Continues To Depreciate
Bank of Uganda Governor Tumusiime Mutebile Uganda’s shilling fell 2.2% against the dollar touching 2670/80 in the week ending Nov....
Sudhir Named Eighteenth Richest Man In Africa
Sudhir City tycoon Sudhir Ruparelia has been named Africa’s 18th richest man by Forbes and valued at $900 million. The...
Uganda Joins COMESA Free Trade Area
Minister for Trade, Amelia Kyambadde The Ugandan Minister of Trade and Industry, Hon. Amelia Kyambadde, has urged the private sector...
Toyota to recall 2.7 million cars worldwide
The official toyota logo Toyota has said it will recall 2.7 million cars worldwide because of problems with the steering...
Pioneer Easy Bus To End Operations On Monday
Passengers lining up to board one of the buses Transport service provider Pioneer Easy Bus Company has announced it could...
Nigerian Girls Invent Generator That Runs On Urine
Possibly one of the more unexpected products at Maker Faire Africa this year in Lagos is a urine powered generator,...
Uganda’s Economy To Grow By 5% – IMF
Uganda's Central Bank Governor Tumusiime Mutebile The International Monetary Fund said on Tuesday Uganda’s economy is set to expand by...
MTN Uganda Marathon On
MTN Chief Executive Officer Mazen Mroué announced this year’s marathon theme as ‘Run with your heart’ at a Press Conference...
Umeme Presents Official Documents Amid IPO Progress
Umeme Managing Director Charles Chapman In a bid to allow public inspection and clarification, power distribution company Umeme has released...
Uganda Gets Two Trillion From ‘Kyeyo’
The Ugandan Government supported by the World Bank has set up a Diaspora Services Department (DSD) in the Ministry of...
Barclays In Trouble Again
Barclays has been threatened with fines of $470m (£291m) by the US Federal Energy Regulatory Commission (FERC) to settle accusations...
Uganda To Reap Big From ‘Matooke’
The Republic of Uganda is set to benefit from its banana food crop after a group of agricultural experts responding...
Counterfeit Crack-down Won’t Stop Mobile Growth
A crackdown in Uganda on counterfeit mobile phones because of safety issues will not slow subscriber growth in the country....
UMEME Sales Shares At Shs275
UMEME CEO Charles Chapman UGANDA’S SOLE power distributor, Umeme, has priced its 622.38 million shares to be sold through an...
NSSF Launches Torch Awards
NSSF MD Richard Byarugaba shares a light moment with Betty Bigombe at the launch National Social Security Fund (NSSF) has...