Delayed Umeme Buyout will cost Uganda Shs 139 billion
The Ministry of Finance has warned that failure to approve a Shs 696.621 billion loan for Umeme Limited’s buyout will lead to high interest penalties. The buyout loan, to be provided by Stanbic Bank, is intended to finance compensation for Umeme Limited’s unrecovered capital investments in line with the lease
NUP Candidate Elias Nalukoola Arrested
The National Unity Platform (NUP) candidate for the Kawempe North by-election, Elias Luyimbazi Nalukoola, has been arrested shortly after his nomination. The political party confirmed his arrest in an official statement. According to the statement, Counsel Nalukoola was arrested by the Joint Anti-Terrorism Task Force of Uganda (JATT). “JATT operatives
Uganda Baati Roofs New Classroom Block for Kiwale Primary School
Kiwale Church of Uganda (COU) Primary School, once struggling with makeshift classrooms and a lack of proper learning facilities, received a major boost through the support of the Safal Uganda Baati Foundation in partnership with the Rotary Club of Bweyogerere Namboole. The Foundation supported with roofing a new four-classroom block
AfDB and Standard Bank Unite to Support SMMEs and Boost Trade
The African Development Bank Group [AfDB] and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa. The agreement includes a R3.6 billion investment in a social bond and a $200 million Risk Participation
Network International appointed as Payment Processing Partner by MTN Group Fintech
Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the
NUP’s Kawempe North Mobilization Chair Arrested Ahead of Nalukoola’s Nomination
Kawempe North Mobilization Chairman, Sserubiri Charles, who was in possession of the nomination documents for National Unity Platform (NUP) candidate Eria Luyimbazi Nalukoola, has been arrested. His arrest was confirmed by NUP party president Robert Kyagulanyi Ssentamu, also known as Bobi Wine. Luyimbazi was scheduled to be nominated at 11:00
World Bank urges Uganda to prioritize early childhood development for future economic growth
Despite ongoing global challenges and geopolitical tensions, economic activity in Uganda has remained robust. According to a new World Bank report, real gross domestic product (GDP) grew by 6.1% in fiscal year 2023/2024 on top of 5.3% growth registered a year before. This growth has been broad-based with significant contributions
Why Prof. Nuwagaba has not reported to office two weeks after his vetting as Deputy Governor
The newly appointed Deputy Governor of the Bank of Uganda, Prof. Augustus Nuwagaba, has not yet reported for duty, Daily Star has learned. On February 10, President Yoweri Museveni appointed Prof. Nuwagaba as the Deputy Governor of the Bank of Uganda, following the elevation of Dr. Michael Atingi-Ego from
Civil Society Organizations Advocate for Expanded SRHR Services to Marginalized Communities
Civil society organizations have called for the extension of Sexual and Reproductive Health and Rights (SRHR) services to marginalized communities in the country. This call to action was made during the Entebbe Ghetto Youth Festival, a transformative event that became a beacon of hope, solidarity, and empowerment for young
EAC to promote the region as a unified tourism destination in Berlin
The East African Community (EAC) will, for the first time, participate as an entity having its own stand at the International Tourism Bourse (ITB) – Berlin, the world’s largest tourism trade fair, from 4th – 6th March, 2025. Representing the region as a single tourism destination, the EAC will showcase its diverse
