A call to action for central banks to start CBDC issuance
A new report by Giesecke+Devrient and the Official Monetary and Financial Institutions Forum [OMFIF] reveals that it’s time for the decisive step to deploy central bank digital currencies. The payments services industry is experiencing a period of dynamic change. New entrants from beyond the banking sector are rapidly developing products
Former UPC, DP stalwarts explain how Museveni Exploited Obote’s Mistakes to Rule for 39 Years?
On July 27, 2024, Uganda marked exactly 39 years since Apollo Milton Obote was overthrown for the second time as the country’s president. Born in 1925 in Akokoro village, present-day Apac district, Obote was the son of the late Stanley Opeto, a village chief, and Puliska Opeto. He was the
Museveni to Grace 48th Commemoration of Archbishop Janani Luwum
President Yoweri Museveni is set to attend the 48th commemoration of Archbishop Janani Luwum in Wii-Gweng, Mucwini, Kitgum District, as reported by Daily Star. The announcement was made by the Provincial Secretary of the Church of Uganda, Rev. Canon William Ongeng. Canon Ongeng shared that this year’s commemoration has drawn
Seven Keys To Success With An Employee Ownership Culture
One of the lessons I have learned over the years as a business executive, and now as a mentor to entrepreneurs, is that if you really want employees who enthusiastically take ownership of their work, you have to start treating them like owners, not renters. Owners feel they have skin
Stanbic Uganda Cup 51st Edition: Round of 32 Draws Conducted
The draw for the Stanbic Uganda Cup Round of 32 took place on Monday morning, live from the FUFA TV studios. The event was conducted by Uganda Cranes legend and former vice-captain Hassan Wasswa Mawanda, who won the cup with SC Villa in 2014. Cup holders Kitara FC were drawn
2024 UCE Results: Why more than 350,000 Candidates Exceled in the Inaugural Competency-Based Curriculum
The just-released 2024 Uganda Certificate of Education (UCE) results indicate that more than 350,146 candidates qualified for the UCE certificate. According to Dan Odongo, the Executive Director of the Uganda National Examinations Board (UNEB), a total of 359,417 candidates were registered as the first cohort under the Competency-Based Curriculum (CBC).
NUP Endorses Lawyer Nalukoola as Flag Bearer for Kawempe North By-Election
The National Unity Platform (NUP) has endorsed city lawyer Erias Luyimbazi Nalukoola as its flag bearer for the Kawempe North by-election. The party said in a statement. “Our Election Management Committee (EMC) has today announced Elias Nalukoola as our official flag bearer for Kawempe North by-election. We congratulate him upon
Parliament Vets Atingi-Ego as Governor of Bank of Uganda
Dr. Michael Atingi-Ego has been vetted as the Governor of the Bank of Uganda after serving in an acting capacity for three years. He officially replaces the late Prof. Emmanuel Tumusiime-Mutebile, who passed away in 2022 at Aga Khan Hospital in Nairobi. He was vetted by the appointments committee of
Shilling Holds Steady Against the Dollar Amid Strong Inflows
The Ugandan shilling remained stable against the dollar throughout the week, supported by strong inflows from commodity exporters and remittance firms, which outpaced corporate demand. By Friday morning, the local currency was trading at 3668/3678, strengthening from the week’s opening levels of 3677/3687. In the near term, we expect the
President Yoweri Museveni is entitled to his opinion
A daily of February 3, 2025, preposterously bellowed a headline, “Museveni vs the law.” Elsewhere, the same daily heckled online “lawyers, activists take on Museveni over remarks on Supreme Court (SC)ruling.” In both its print and online reporting, the daily seemingly crowned some self-appointed activists and analysts as spokespeople for
