Interest rate fall to 17.7% says BoU

By Martin Luther Oketch. The Bank of Uganda has announced that lending rates have declined to 17.7%, the lowest rate ever recorded in the country in the country in close to ten years. Speaking during the release of monetary statement for the month of August the central bank governor Tumusiime Mutebile attributed this to the …

Mabirizi files truck full of record of appeal documents

By Ruth Anderah  Hassan Male Mabirizi one of the dissatisfied petitioners of the Constitutional court age-limit judgment has filed a record of appeal before the Supreme Court. In record of appeal, Mbabirizi details his reasons for challenging the judgment that validated the lifting of the presidential age-limit from 75 years. Mabirizi’s 30,600 paged record that …

IGG stops Shs2bn pay out to Kibimba rice scheme claimants

By Abubaker Kirunda The Inspector General of Government (IGG) has stopped the ministry of finance Permanent Secretary from releasing Shs2billion meant for compensation of alleged displaced rice out growers at Kibimba rice scheme in Bugiri District. 30 Kibimba rice out growers led by Peter Mwafu wrote to the ministry earlier seeking compensation for rice lost when …