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The News Today

ANALYSIS: IMF boss ensures 2017 budget will be ‘hard’

Lagarde (right) praised Museveni’s (left) scaled-up infrastructure investments.When President Yoweri Museveni, Minister of Finance, Economic Planning and Development Matia Kasaija, Governor of Bank of Uganda Tumusiime-Mutebile and other senior officials stepped into the meeting with visiting IMF Managing Director Christine Lagarde this last week, they had under their belt a …

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Magufuli, Museveni hatch Economic Partnership EPA plan

President Museveni, Magufuli to discuss EPA, Burundi Uganda’s President Yoweri Museveni and Tanzania’s President Dr. John Magufuli will meet February to agree on East Africa’s way forward on the controversial Economic Partnership Agreement (EPA). The EPA is supposed to be negotiated between the EU and member states of the East African Community (EAC). Kenya …

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Electoral Commission asks for pay rise

Staff of Uganda’s Electoral Commission (EC) on Friday petitioned the Speaker of Parliament Rebecca Kadaga over a salary increment. They also complained that the Standard Gauge Railway is going to displace them from their headquarters. In their petition brought to the speaker by the EC’s commissioners and Secretary Sam Rwakojjo, they …

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DFCU takes over Crane Bank

Bank of Uganda has confirmed that it has transferred the assets of Crane Bank to DFCU Bank. “In exercise of its powers as Receiver, under Sec 95(1)(b) of FIA, BoU has now transferred the liabilities (incl deposits) of CB to DFCU Bank,” Bank Governor Emmanuel Tumusiime-Mutebile told the press in …

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