Business

Government To License More Oil Companies

Government To License More Oil Companies

By Benjamin Jumbe The government is set to license some more companies to do oil exploration in the country. This has been revealed by the state minister for minerals Hon.Peter Lokeris during a media briefing at Media Centre in Kampala. Minister Lokeris says this follows ...

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October 28th, 2016

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Tourism Players To Meet President M7 Over Taxes

Tourism Players To Meet President M7 Over Taxes

By Benjamin Jimbe Players in the tourism industry represented by members of the presidential round table are set to meet president Yoweri Museveni next week. This has been revealed by president of the Uganda Tourism Association Bonifence Byamukama. He says while government ...

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October 28th, 2016

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City Traders Worried Over Dwindling Financial System

City Traders Worried Over Dwindling Financial System

By Samuel Ssebuliba The dark cloud hanging over Uganda’s banking sector is worrying local traders. The traders have voiced their concerns after the Central Bank Governor revealed that two more banks are being closely watched, days after Crane Bank was taken over due to ...

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October 28th, 2016

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Economists Warn Of Looming Recession

Economists Warn Of Looming Recession

Economic analysts are asking government to urgently re-think a broader national economic policy that will shield all Ugandans from looming economic recession. This is after the Bank Of Uganda took over management of Crane Bank because it was significantly undercapitalized, a

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October 21st, 2016

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Bank of Uganda Takes Over Crane Bank Management

Bank of Uganda Takes Over Crane Bank Management

The Bank of Uganda has with effect from today, 20th October 2016, taken over management of Crane Bank Limited This is in exercise of its powers under section 87 (3) of the Financial Institutions Act 2004. According to a notice issued by the governor Tumusiime Mutebile, the ...

David Kugonza

October 20th, 2016

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