NEWS

By Julius Businge The Uganda shilling appreciated during the week that ended July 5 to trade 2575/85 from 2590/00 per US dollar after policy makers maintained the key lending rate at 11% citing inflationary pressures. Traders said the market saw good dollar selling interest before energy and manufacturing sub-sectors’ demand squared off …

By Julius Businge Standard Chartered Bank has committed to financing more than US$2 billion in energy projects under the Power Africa Initiative, a five-year partnership between the United States, six African governments and the private sector. It said the partnership represents a coordinated cross-border effort to build the regulatory, economic …

By Julius Businge The National Information Technology Authority Uganda (NITA-U) has developed the National IT Project Management Methodology to provide guidance on how to manage and provide advice on IT projects to government. The agency’s Executive Director James Saaka said at the launch of the project on June 28 at …

By Julius Businge The Deputy Executive Director at the National Council for Higher Education, Prof. Moses Golola has urged all higher institutions of learning to maintain the needed education standards to ensure they survive the routine operations of the council. Among the standards he mentioned having a well trained enough …

s By Stephen Kafeero The preliminary report on the Tracking and Utilization of UPE funds shows that there is gross abuse in the use of UPE funds in Northern Uganda and the Karamoja region. The major aim of the study was to develop a monitoring tool and train school management …

By Angella Abushede and Muthoni Karubiu The Preferential Trade Area Bank (PTA), also known as the Eastern & Southern African Trade & Development Bank, held a Bank Business Seminar at Sheraton Hotel in Kampala on the 27th of June. The event was organized in conjunction with the Uganda National Chamber …

By Stephen Kafeero GEMS Cambridge International School is set to join the growing list of international schools in Uganda and will open its first Ugandan campus this September in Butabika, Kampala. GEMS, the largest K-12 private education operator in the world has a global network educating 130,000 students from over …

By Joan Akello The officer in charge of the African Development Bank (AfDB), Jason Mosomi Mochache says the 2 year local currency bond that attracts 25 percent yield will finance infrastructure and develop African capital markets. It is noted that foreign currency denominated liabilities have frequently financed local currency activities …

By Stephen Kafeero In a drive to bring specialist health services nearer to the masses, the Association of Surgeons of Uganda  has today received a donation of Shs5 million from Umeme Uganda Ltd  as a boost to their week long campaign scheduled to take place in Teso Sub region. The …

By Joan Akello After delays over jitters of bribery amongst bidders and ministry of energy officials, government has contracted Sinohydro Corporation, a Chinese firm to construct the 600MW Karuma dam. It is estimated the project will cost $1.65 billion (about Shs 4.2 trillion) to develop the dam and a transmission …