Category «News»

Economist pokes holes in Uganda’s growth projections

By Samuel Ssebuliba Economists have predicted a slow economic growth for Uganda despite a promising recovery this financial year. The February macroeconomic economic update from bank of Uganda showed that Uganda’s economy will grow by 5.5% compared to the 3.9% growth registered in the year 2016-2017. According to Ramadan Goobi a renowned economist, even though …

EAC heads of state retreat on health financing opens in Kampala

By Benjamin Jumbe The East African Community (EAC) retreat on infrastructure and health financing and development kicks off today in Kampala. The two day retreat has attracted delegations from the 6 regional member states including ministers, academicians, manufacturers and businessmen among others. Addressing journalists recently ahead of the summit, state minister for East African Community Affairs …

BOU dismisses Bank of India take over reports

By Ritah Kemigisa Bank of Uganda has refuted as “false”, reports that it has taken over the management of Bank Of India. Social media reports had indicated that the Bank’s top management met with officials from the Central Bank led by the deputy Governor Louis Kasekende and reportedly requested for its closure on 31st March. …

UN refugee agency to verify refugee bio data

By Ritah Kemigisa & Benjamin Jumbe The United Nations High Commission for Refugees (UNHCR) is to launch a major biometric verification exercise for all refugees in Uganda. According to the senior regional spokesperson Ms Teresa Ongaro, the exercise which starts on March 1st till September 2018 is aimed at strengthening the integrity of data underpinning the …