Business
Financial Services | Mobile Money Separated From Telecom Operations | Enactment Of National Payment System ACT 2020
Press Release – Following the enactment of the National Payment Systems (NPS) Act, 2020 on 4 September, 2020 and the gazetting of the NPS Implementing Regulations on 5 March, 2021, Bank of Uganda has commenced licensing o...
Bloomberg News | World Remit to Acquire Sendwave in $500 Million Payments Deal
WorldRemit Ltd., a U.K. online money transfer company, has agreed to buy Africa-focused, app-based remittance firm Sendwave as the global pandemic intensifies demand for digital banking. The cash and stock deal is worth more th...
Xanadu Collection – Experience An All Suite Boutique Hotel in The Heart of Kampala
Xanadu Suites hotel – Experience an Africa boutique style catering for both business and leisure travellers with an eye for something different, our spacious apartments are the perfect base for short term and long term st...
Ugandan Diaspora 2018 Awards ~ Vote for your Favorite Diaspora Bank
The Ugandan Diaspora Network will this year recognize the Bank with the best Diaspora Products at the annual gala. We have instituted an online poll and selected the banks we think have invested in the Diaspora Banking. Help us...
UNAA@30 | The 10th Annual UNAA Trade & Investment Forum Highlights
The 10th Annual UNAA Trade and Investments Forum took place on Friday August 31st 2018 at the Hyatt Regency in Bellevue, Washington. Forum attendees were warmly welcomed by His Excellency Ambassador Muli S. Katende and the func...
Diaspora Stories | Augustine Guma — Gumax Café and Grill Exports a Taste of Uganda to America
We have all varieties Beef, chicken seafood and vegetables Guma Spicy Pies (similar to triangular samosas or empanadas) You will start by eating 1 and end up eating 3, because they are so delicious and habit forming you will al...
Business | U.S. Embassy in Uganda Leads Trade Mission to Specialty Coffee Expo in Seattle
KAMPALA – As part of the U.S. government’s ongoing commitment to building trade and investment opportunities within Uganda, U.S. Ambassador to Uganda Deborah R. Malac will lead a reverse trade mission to the Specialty Coffe...
Diaspora Breakfast | The 4th Annual Ugandan Diaspora Business Breakfast Highlights – Dec 29th 2017
On December 29th 2017 the Uganda Diaspora Network held its 4th annual Ugandan Diaspora business breakfast at Katonga hall, Kampala Serena Hotel. The breakfast was moderated by NBS anchor Solomon Sserwanja assisted by the Patron...
Business | Uganda Telecom (UTL) Bailout | Government Should Have Saved ThreeWays Shipping
By the time protestors dragged Muammar Gaddafi through the streets of Sirte in Libya during the height of the Arab Spring in late 2011, Uganda Telecom Limited (utl) was spiralling from one financial pitfall to another. The then...
Presidential Directive | Museveni deploys army to fight graft at Uganda Investment Authority
President Museveni has taken a leap of faith by deploying the military to fight reported graft in Uganda Investment Authority (UIA) and restore foreign investors’ confidence. Gen David Muhoozi, the Chief of Defence Forces, wi...
Gulf News | Uganda To Establish An Investment Promotions Office in Qatar
Gulf News — Uganda has proposed to establish an investment promotions office in Qatar to enhance trade and facilitate investment opportunities between the East African nation and Qatar, Ugandan President Yoweri Museveni h...
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...
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...
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...
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...
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...
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...
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 ...
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...
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 ...
