Business
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BOU closes Mercantile Credit Bank over financial instability
The Bank of Uganda (BOU) has closed Mercantile Credit Bank Limited (MCB), a tier II financial institution, due to severe…
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Microsoft and it’s underwater data center
In a ground-breaking step towards sustainable technology, Microsoft submerged a data center beneath the ocean’s surface. This innovative move, which…
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How oil revenue will relieve gov’t of external debt
President Yoweri Museveni has stated that the country will earn US$2 billion per annum once oil production starts in 2025.…
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Gov’t, civil society, industry players in oil and gas to convene second joint CSO conference
The Petroleum Authority of Uganda (PAU), in partnership with the Ministry of Energy and Mineral Development (MEMD) and key industry…
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President Museveni supports Buganda kingdom’s “Mwanyi Terimba” project with Shs 413 million
President Yoweri Kaguta Museveni has extended support worth Shs413 million towards Buganda Kingdom’s poverty alleviation project known as “Mwanyi Terimba”.…
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Persistent trade tensions within the EAC continues to cripple dairy industry
Trade tensions within the East African Community continue to cripple the dairy industry amidst noticeable local growth in milk production,…
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NAPE cautions against kidnap of oil host community members
The Executive Director for National Association of Professional Environmentalists (NAPE), Frank Muramuzi has expressed dismay over the kidnap of human…
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URA says Uganda has been losing Shs.4 trillion annually due to lack of EFRIS
John Musinguzi, the Commissioner General of the Uganda Revenue Authority (URA), has defended the enforcement of the Electronic Fiscal Receipting and Invoicing System…
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Higher business activity in May boost optimism in Uganda’s private sector
Back-to-back expansions in both business activity and new orders resulted in Ugandan firms seeing a further improvement in performance during…
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dfcu Bank initiates comprehensive customer engagement program
On the official commemoration of its 60th year of existence and operation in Uganda, dfcu Bank’s Chief Executive Officer, Charles…
