Business

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

Reporter

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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Fire Destroys Jinja Market

Fire Destroys Jinja Market

Traders in Jinja are counting losses after a fierce fire destroyed Napier Market locate along Clive road East in Jinja Town. Over 400 vendors are said to have lost property in an infernal whose cause the police are yet to establish. The chief officer at Jinja police station ...

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October 15th, 2016

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NSSF Registers 18% Membership Growth Rate

NSSF Registers 18% Membership Growth Rate

The National Social Security Fund (NSSF) has registered an 18% growth rate in total membership over the last five years. According to the Fund’s Managing Director, Mr. Richard Byarugaba, the figure grew from 1.37 million to over 1.63 million as at June 2016. He says the ...

David Kugonza

October 14th, 2016

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Capt Babu Takes A Swipes At CAA

Capt Babu Takes A Swipes At CAA

Veteran politician Captain Francis Babu has accused the Civil Aviation Authority of Running down Uganda’s aviation industry. Speaking at the 4th graduation ceremony of the Uganda Aviation School, Capt Babu has accused the authority’s failure to protect Ugandan passengers ...

David Kugonza

October 14th, 2016

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