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CMA warn against three firms in unregulated investment schemes

Uganda, Sept. 22 -- The Capital Markets Authority (CMA) has issued a warning against investing in unregulated investment activities after receiving public complaints about Capital Chicken, Veta Plan C... Read More


Ugandans transact Shs520b on mobile money per day

Uganda, Sept. 21 -- Bank of Uganda has registered continued growth in value of mobile transactions hitting Shs191 trillion in the 12 months to June, which is a 23 percent increase from Shs156 trillion... Read More


UNOC seeks to strengthen oil drilling capacity

Uganda, Sept. 8 -- Uganda National Oil Company (UNOC) has sought the services of China Oilfield Services to build the country's oil drilling capacity, and engage in the oilfield services business. In... Read More


Oil pipeline construction set to start early next year

Uganda, Aug. 30 -- Construction of the East African Crude Oil Pipeline (EACOP) will start in the first quarter of 2024, a year to the 2025 deadline for first oil. Mr John Bosco Habumugisha, the EACOP... Read More


Finance to freeze public officials' laundered assets

Uganda, Aug. 11 -- Finance Minister Matia Kasaija has threatened to cause the freezing of assets for public officials involved in money laundering schemes. Mr Kasaija made the remarks during the laun... Read More


Airtel to list eight billion shares after a year of delay

Uganda, Aug. 10 -- Airtel will before the end of this year float 20 percent or eight billion of its shares through an Initial Public Offer (IPO) on the Uganda Securities Exchange. This is part of a r... Read More


EAC govts in talks to establish smart device assembling plants

Uganda, Aug. 3 -- Government has said it is in talks with East African Community member states on the possibility of establishing smart devices assembling plants in the region. The move, ICT Minister... Read More


Post office numbers still mandatory for all businesses, govt says

Uganda, July 28 -- Uganda Registration Services Bureau (URSB) has maintained that post office box numbers are still mandatory for businesses despite growing public reluctance to use the postal address... Read More


Box office numbers still mandatory for all businesses, govt says

Uganda, July 28 -- Uganda Registration Services Bureau (URSB) has maintained that post office box numbers are still mandatory for businesses despite growing public reluctance to use the postal address... Read More


TowerCo buys Ubuntu, resets competition in telecom sector

Uganda, July 26 -- Ubuntu Towers, a local company involved in building telecom towers has rebranded after TowerCo of Africa acquired a 90 percent stake. The acquisition sets a new precedent in the to... Read More