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The News Today

PROMOTIONS: Muhoozi Kainerugaba now Major General

FIVE top Uganda Peoples Defence Forces (UPDF) officers, including Special Forces Commander Muhoozi Kainerugaba, have been promoted by the Commander In Chief. Also promoted to the rank of Colonel are nine Lt.Colonels in charge of the Operation Wealth Creation (OWC). The UPDF instrument promoting the officers, was released Monday evening. …

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Why Ugandan banks are struggling to make a profit

Analysts urge government on business environment as written off non-performing loans erode bank profits In 2015, Standard Chartered Bank, Uganda’s second-largest bank by assets, saw its profits decline by 75% compared to the previous year. The year was even worse for Crane Bank, the second biggest indigenous bank and the …

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OUT PATIENTS: Mulago hospital closes, shifts to Kiruddu

Starting Monday, most of Mulago’s out-patient clinics will move to the newly built Kampala Capital City Authority (KCCA) Kiruddu hospital in Makindye. This, according to the hospital’s Public Relations Officer Enock Kusasira, is to enable faster renovation of Mulago’s out-patients clinics. “We inform stakeholders and the general public that our …

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Uganda Insurance industry tops Shs 700 bn

Uganda’s insurance industry premiums are expected to grew 20% to Shs733 billion this year on the back of sustainable economic expansion and demographic shifts and new opportunities. Five years ago, the insurance industry in Uganda could barely raise Shs 500 billion in total premiums. Across the border in Kenya, total …

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President Museveni’s inaugural speech

Yoweri Kaguta Museveni was Thursday sworn in as President of Uganda for a fifth term. In his inaugural speech, he stressed that he would take decisive steps to deal with corruption, promised to boost Uganda’s energy sector – and also, in off the cuff remarks, hit at the International Criminal …

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