Uganda losses over Shs 70 billion annually in commitment fees- Auditor General
Uganda has been paying more than Shs 70 billion annually in commitment fees on loans over the past six years, according to the newly released Auditor General’s report. A commitment fee is a charge imposed by lenders on unused credit lines or un-disbursed loans. The report reveals that over the
dfcu Bank Appoints Hope Lorna Nakhayenze as Chief Risk Officer
dfcu Bank has announced the appointment of Hope Lorna Nakhayenze as its new Chief Risk Officer, effective March 1, 2025, as part of efforts to strengthen its risk management framework amid industry-wide reforms. In her new role, Nakhayenze will oversee risk management under the direction of the Board Risk Committee,
MTN Uganda advances digitalization agenda with computer lab donation to Revival Girls High School
MTN Uganda, through its MTN Foundation, continues to drive digital transformation in education with the donation of a fully equipped computer lab to Revival Girls High School. This initiative, part of MTN’s Digital Access Program worth Shs 1 billion investment, aligns with Uganda’s Vision 2040, the country’s Digital Transformation Roadmap,
BoU Fraudulent Payment: Court Releases Accountant General, Five Others
High Court has released Accountant General Lawrence Ssemakula and five others implicated in the fraudulent payment of Shs 60 billion by the Bank of Uganda. Ssemakula was released alongside Commissioner of Treasury Services Jennifer Muhuruzi, as well as Judith Ashaba, Dorothy Kusiima, Betinah Nayebare, and Nkakubo Lumala. Appearing before Justice
Afreximbank and Kenyan government ink milestone agreements to promote industrialisation
African Export-Import Bank (Afreximbank), Africa’s foremost trade development Bank, today in Mombasa, Kenya, ratified a series of initiatives designed to support Kenya’s industrialisation and export-led development agenda. Under the terms of the initiatives, formalised at a signing ceremony with the Kenyan authorities, Afreximbank will finance the development and operationalisation of
Khaukha Sworn in as the Eighth Guild President of Victoria University
Khaukha Emmanuel has been sworn in as the eighth Guild President of Victoria University. He is a third-year student pursuing a Bachelor of Pharmacy. His swearing-in marked the end of the seventh Guild Government, a tenure characterized by dedication and leadership. The ceremony was attended by Pastor Wilson Bugembe,
Why Museveni Approved Copyright Management System for Ugandan Artists
Yesterday, President Museveni gave green light to a Copyright Management System to protect musicians and ensure they earn from their work. “Now technology should be able to tell us who has played my song and where,” said President Museveni during a meeting in Rwakitura with top officials & musicians, including
Royco Champions Generosity with Nationwide Ramadan Meal Initiative
Unilever Uganda has launched the ‘Share Goodness’ campaign, a heartfelt initiative dedicated to enhancing the Ramadan dining experience for Muslim communities across Uganda. This initiative is rooted in the spirit of generosity and nourishment, ensuring that families and communities come together to enjoy memorable Iftar meals during this sacred
Dr. Bolingo Appointed Professor at Apostolic Impact Christian University to Lead in Mindset Change and empowerment
Last week, Dr. John Bolingo Ntahira was appointed as a professor at Apostolic Impact Christian University, an institution affiliated with International Kingdom University, USA. Apostolic Impact Christian University, accredited in the Republic of Sierra Leone, has a global presence, offering bachelor’s, master’s, and doctoral degrees, along with diploma programs in
Speaker Tayebwa Moves to Promote Trade Between the EU, Caribbean and Pacific States
The Deputy Speaker of Parliament, Thomas Tayebwa, has pledged to promote trade between the European Union (EU) and the Caribbean and Pacific States. Tayebwa made this commitment shortly after being elected President of the Organisation of African, Caribbean, and Pacific States (OACPS) Parliamentary Assembly. He expressed gratitude to the delegates
