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Speke Resort Convention Centre Joins Prestigious ICCA, Elevating its Status as a World-Class Events Destination

The Speke Resort Convention Centre (SRCC) has joined the prestigious International Congress and Convention Association (ICCA), solidifying its status as a top-tier global meetings and events destination. This membership connects SRCC with a global network of industry experts, enabling it to deliver world-class services. The Speke Resort Convention Centre (SRCC) has been admitted into the […]

Finance Secretary Ramathan Ggoobi Urges Ambassadors to Boost Economic Growth Through Innovative Strategies

In a recent retreat at the Civil Service College in Jinja, Uganda’s Permanent Secretary of the Ministry of Finance, Ramathan Ggoobi, urged ambassadors and heads of missions to play a key role in Uganda’s economic growth by focusing on innovative branding and marketing strategies. The Permanent Secretary in the Ministry of Finance, Planning, and Economic […]

Ggoobi Tips Ambassadors on Attracting Investors

The Permanent Secretary in the Ministry of Finance, Planning, and Economic Development, Mr. Ramathan Ggoobi, has called upon ambassadors and heads of missions to play a crucial role in promoting Uganda’s economic growth through innovative branding and marketing strategies. Ambassadors and heads of mission have been urged to contribute significantly to Uganda’s economic growth by […]

UMRA Alerts Public to 59 Illegal Online Loan Providers and Calls for Reporting

UMRA has identified 59 illegal online loan apps operating across Uganda, which breach the Tier 4 Microfinance Institutions and Money Lenders Act of 2016 and the Tier 4 Microfinance and Digital Lending Guidelines 2024. Ugandan shilling notes The Uganda Microfinance Regulatory Authority (UMRA) has identified 59 online applications that are illegally offering loans across the […]

Uganda Hosts Africa Regional Committee Conference

The Deposit Protection Fund is hosting the Africa Regional Committee Conference and Annual General Meeting, focusing on financial stability and depositor protection in a dynamic financial ecosystem. Minister of Finance Matia Kasaija The Deposit Protection Fund (DPF) is hosting the Africa Regional Committee (ARC) Conference and Annual General Meeting from August 27 to 30, 2024. […]

URA Exceeds Revenue Target, Surpassing Ministry of Finance Goals

The Uganda Revenue Authority (URA) exceeded its June revenue target by Shs 124 billion, achieving a total of Shs 2.23 trillion. This surplus was driven by strong tax performance across income, goods, services, and international trade. URA’s digital initiatives, including the implementation of TIMS and DMS platforms, have significantly enhanced transparency and revenue collection. Uganda […]

Uganda Railways Corporation to Expand Passenger Train Services With Two New Routes

Uganda Railways Corporation (URC) has set to expand its passenger train services within the Greater Kampala Metropolitan Area with two new routes are being explored: the Kampala-Kyengera route, which will run west of Kampala, and the Kampala-Portbell route, which will run east of the capital. Uganda Railways Corporation to Expand Passenger Train Services with Two […]

Uganda Eyes Boost to 6.5 Billion Barrel Reserves with New Oil Exploration

Uganda is exploring for oil in two new regions where potential discoveries of crude could increase the country’s proven reserves of 6.5 billion barrels, its Energy minister Hon. Ruth Nankabirwa said on Wednesday 21st August 2024 Uganda’s Energy Minister Hon Ruth Nankabirwa stated on Wednesday, August 21st, 2024, that the country is searching for oil […]

Tanzania set to gain from Uganda’s groundbreaking electric bus plant

Tanzania is well-positioned to capitalise on the opportunity presented by East Africa’s first electric vehicle manufacturing plant in Uganda, as the country has a reliable power supply, and abundant deposits of iron, coal, and strategic minerals. Tanzania is ideally situated to take advantage of the opening of East Africa’s first electric car manufacturing facility in […]

UMRA Warns Public Against Unauthorized Loan Providers

The Uganda Microfinance Regulatory Authority (UMRA) has issued a warning to the public against using unauthorized loan providers, particularly those operating through mobile apps and social media. These entities are reportedly violating the Microfinance Institutions and Money Lenders Act of 2016 and the recently introduced digital lending guidelines. The Uganda Microfinance Regulatory Authority (UMRA) has […]