President Yoweri Kaguta Museveni has pledged that the government will inject Shs1 billion into each of the five mechanics’ SACCOs across Kampala’s divisions, totalling Shs5 billion for the city. The President also confirmed that nearby Metropolitan Area districts, including Wakiso and Mukono, will each receive Shs1 billion under the same initiative. “We can even say…
Government has allocated Shs80 billion to kick-start the long-awaited compensation of war victims in the Teso, Lango and Acholi sub-regions, Vice President Jessica Alupo has announced. Speaking as Vice President and Katakwi Woman Member of Parliament, Alupo said the funds will support the implementation of President Yoweri Kaguta Museveni’s proposed uniform restocking plan, under which…
The High Court Commercial Division has ruled that businessman Shukla Mukesh, popularly known as Shumuk, and his companies—Shumuk Springs Development Ltd, Springs International Development Hotel Ltd, and Shumuk Financial Services Ltd—have been illegally occupying part of Shumuk House, formerly known as Katatumba Suites. The court ordered Shukla to pay approximately Shs 14 billion in damages,…
The Agricultural Credit Facility (ACF) has disbursed more than Shs1.23 trillion to support commercial agriculture in Uganda since its establishment in 2009, the Bank of Uganda (BoU) has said. According to Richard Byarugaba, the Executive Director for Finance at the Bank of Uganda, the facility was created to promote the commercialisation of agriculture by providing…
Pearl Bank, formerly PostBank Uganda, has brought its festive campaign, “Pearl Santa,” to a grand close with visits to major media houses, including Nation Media, Vision Group, and Next Media, in recognition of their role in shaping the Bank’s evolving narrative. The campaign coincided with the Christmas season, celebrating togetherness and the spirit of giving….