ugandan_diaspora_social_networking_event_2015_00
Business
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Reuters | Uganda’s Crane Bank Assets, Liabilities Transferred to DFCU – Central Bank

Reuters — Jan 27 The assets and liabilities of Uganda’s Crane Bank, which was put into receivership, have been transferred to dfcu, another mid-tier institution, the central bank said on Friday. The Bank of Uganda s...


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The Observer | Oil Should Not Over-Dominate Uganda’s Economy, World Bank Regional Chief – Henry Kerali

Written by Richard M Kavuma & Ronnie Mayanja — HENRY RUPINY KERALI hails from Erussi in Padyere county, Nebbi district, but was born in Arua hospital in 1957. Now the World Bank country director for Ghana, Sierra Leon...



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Bank of Uganda | Investing In Government Securities Now Easier And More Accessible To The Public

KAMPALA – Monday December 27, 2016 The Bank of Uganda (BoU) hereby announces that all licensed commercial banks now have direct access to the primary market for Government security operations. This means all 25 commercial ban...



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Daily Monitor | Bank of Uganda takes over Crane Bank

All the directors of Crane Bank have been suspended after Governor Emmanuel Mutebile on Thursday announce that Bank of Uganda had taken over. According to Mutebile, Crane Bank is under-capitalised and poses systemic risk to the...


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BOU Press Statement | Bank of Uganda Addresses Crane Bank WhatsApp Rumors!

Bank of Uganda Press Statement on Crane Bank — Messages circulating on Whatsapp instructing depositors to withdraw their money from Crane Bank were not issued by BoU. It has been brought to our attention that messages ha...



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The Observer | Bank of Uganda ‘unaware’ of Crane Bank Sale

Bank of Uganda (BOU) is yet to receive official communication on the proposed move to sell shares in Crane bank.Christine Alupo, director for communications BOU, says the central bank has not received any request from Crane ban...



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Inspiring Stories | Akoma Media | A Journey of Reinvention By Zain Verji

It’s been a two-year breathless roller coaster going from Big Name Global Corporation to Just Me LLC. After an amazing fourteen years at CNN and magnificent personal and professional life experiences, it was time to reinvent ...


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Opinion | Uganda’s much-discussed bailout – By Andrew Mwenda

If Uganda has to intervene to help distressed companies, it must be driven by the desire to avoid contagion. The failure of some of the distressed companies can lead to the failure of banks with worse consequences than the cost...



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Mobile Money | Kenyan Diaspora Sends One Million Money Transfers with WorldRemit

NAIROBI, Kenya – July, 27 2016 – Kenyans living abroad have now sent one million money transfers with WorldRemit. With the WorldRemit app or website, the diaspora can send safe, instant transfers to Kenya at the touch of a ...


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UNRA | Uganda National Roads Authority – Kampala – Entebbe Expressway Takes Shape.

Kampala – Entebbe Expressway is slowly taking shape and will be a welcome addition to Uganda’s expanding road network. The four-lane toll highway under construction in the Central Region of Uganda.   The Kampala-E...



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SABC News | Ugandan auditor James Aguma appointed acting CEO – South Africa Broadcasting Corporation. (SABC)

JOHANNESBURG – The South Africa Broadcasting Corporation(SABC) has appointed Ugandan accountant and auditor James Aguma, as acting CEO on Tuesday after the resignation of Jimi Matthews.  Mr. Aguma is the chief finance of...



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Daily Monitor | URA takes over WBS TV management over Shs7billion tax liabilities

Wavah Broadcasting Service (WBS) television has been put on receivership after the privately-owned media company failed to clear tax liability amounting to Shs7.2billion. According to Uganda Revenue Authority (URA), the tax ar...


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Get Inspired For Entrepreneurship | China’s Richest Man – Jack Ma’s Top 10 Rules For Success

Evan Carmichael — He started his business with $20,000 that  his wife and friend helped him raise. He is the first mainland Chinese entrepreneur to appear on the cover of Forbes. He is the richest man in China and 18th...



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Business | New East African Development Bank Scholarship Program to Boost Skills Development in STEM Fields

KAMPALA, Uganda/NEW YORK, New York— January 6, 2016 — The Africa-America Institute is accepting applications for the new East African Development Bank (EADB) scholarship program for experienced teachers and lecturers to ea...



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Diaspora Remittance | Nigerians in diaspora sent home $21 billion in 2015

With about $21 billion sent home by Nigerians in diaspora in 2015, the country is the sixth largest receiver of remittances in the world, the Migration of Remittance Factbook 2016 has shown. The country is also by far the large...


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Opinion | British Airways exit and drying symptom of worsening inflows – Karoli vs British Envoy

Daily Monitor — The world’s largest airline operator owners of British Airways announced their exit from Uganda effective October 3, after a 24-year run operating flights from Entebbe. This is not a vote of confidence i...



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Uganda Coffee | Starbucks Is Making Africa’s Biggest Coffee Exporter Even Richer

Bloomberg Business — Ugandan coffee sold as single-origin beans by Starbucks Corp. will boost earnings for Africa’s biggest exporter of the crop, the country’s industry regulator said. Coffee growers may as much as d...


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China ‘Black Monday’ Timeline | The Chinese Stock Market Crash And How It Happened

International Business Times — The Chinese stock market continued to tumble Monday, with losses in the billions and markets consequently plunging all over the world. The Chinese stock market crash has been called “C...



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Overseas Private Investment Corporation (OPIC) | October 14th – Expanding Horizons 2015 Workshop For Small Businesses Comes to Boston

For more than four decades, the Overseas Private Investment Corporation (OPIC) has been the primary U.S. government agency supporting private sector investment in international emerging markets. In an effort to reach out to Ame...



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Opinion | By Arthur M. M. Katabalwa | British Airways — The Worlds’ Favorite Airline Throws In The Towel At Entebbe.

In a short statement released today, the worlds’ favorite airline, British airways announced that it was suspending flights between London Heathrow and Entebbe Airport in Uganda. In the statement signed by Edward Frost, T...


Managing Director National Social Security Fund - NSSF, Mr. Richard Byarugaba

Uganda Business | National Social Security Fund (NSSF) invests Shs 145 Billion in Equity Bank

Alon Mwesigwa — The National Social Security Fund has bought a 2.44 per cent stake in Equity bank group, making it the seventh largest shareholder in the group, it was announced yesterday. This translates into 90.2 milli...






ugandan_diaspora_social_networking_event_2015_00