Dokolo District Recovers Over Ten Million PDM Funds from Non-Beneficiaries.

The Dokolo District Local Government has recently made headlines with their impressive efforts to crackdown on the misuse of Parish Department Model (PDM) funds. As reported by the Resident District Commissioner (RDC) Babra Akech in a briefing to journalists, the office has successfully recovered over ten million shillings from non-beneficiaries. Following a long holiday, RDC…

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Tayebwa pledges support as Shs367.7bn steel factory roars to life in Mbale Industrial Park

The deputy Speaker of Parliament, Thomas Tayebwa has pledged all the necessary support to Unisteel Investment Uganda Limited, a brand-new iron and steel manufacturing plant in Mbale Industrial Park. Speaking during the launch of the first phase of steel rolling production at the shs367.7billion($100million ) Chinese-built plant  factory, Tayebwa said he is ready to rally…

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Government Restructures NGO Bureau, Resulting in 30 Job Losses.

NGO Bureau has been restructured and merged with the Ministry of Internal Affairs, leading to the loss of 30 jobs. This decision, finalised on September 27, 2024, reflects the government’s commitment to streamline operations and enhance oversight within the non-governmental organisation sector. Previously operating as a semi-autonomous entity, the NGO Bureau employed 42 staff members….

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Roofings Group Celebrates 30th Anniversary with UMA

Founded in 1994, the company is known for its dedication to innovation, sustainability, and supporting Uganda’s industrial growth. Roofings Group, a prominent player in Uganda’s manufacturing industry, is marking a significant milestone by celebrating 30 years of partnership with the Uganda Manufacturers Association (UMA). This dual anniversary recognizes three decades of unwavering commitment to the…

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Understanding Credit Risk in banking

When people think about banks, they often envision large institutions managing significant sums of money, making investments, and safeguarding savings. However, at the core of their operations, banks primarily focus on one specific type of risk: credit risk. What is Credit Risk? Credit risk refers to the possibility that a borrower will fail to repay…

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Smuggling is Economic Terrorism That Distorts Market Prices – URA

During a panel discussion held on Tuesday in Pakwach District, URA officials, alongside other key stakeholders, called for urgent action to strengthen anti-smuggling measures and protect legitimate businesses. The Uganda Revenue Authority (URA) has condemned smuggling as a serious economic crime, labelling it “economic terrorism” that threatens Uganda’s market stability. During a panel discussion held…

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