Mercantile bank closure sparks concerns over depositors’ pay
Mercantile Bank becomes the latest indigenously owned bank to fall, following the same path as Crane Bank, Greenland Bank, Teefe,...
Business
Lake Victoria Logistics To Reduce Cost Of Transporting Fuel
The newly launched Lake Victoria Logistics, a company aiming at reducing the cost of transporting fuel in Uganda, will subsequently...
JUST IN: Uganda Tourism Board On The Spot Over Allowances
Legislators on the Committee of Commissions, Statutory Authorities, and State Enterprises (COSASE) have questioned the exorbitant UGX 1.958 billion spent...
Uganda Recieves 80,000 Metric Tonnes of Diesel from Kuwait
News reaching our news platform says the second consignment of 80,000 metric tons of diesel of Uganda from Kuwait is...
Just In: Uganda Coffee Exports to Turkey soar by 2,200%
The Uganda Coffee Industry has made a significant breakthrough in the Turkish market, with exports increasing by a remarkable 2,200%...
Bank of Uganda Revokes Licence of Mercantile Credit Bank
The Deputy Governor of the Bank of Uganda announced the revocation of the license of Mercantile Credit Bank Limited, which...
Empowering Youth to Overcome Poverty: A Path to Prosperity
In every corner of the globe, youth are brimming with potential, yet many find themselves trapped in the cycle of...
Trade Minister Backs UNBS to Protect Ugandan Consumers
Gen. Wilson Mbasu Mbadi, Minister of State for Trade, has reaffirmed his commitment to bolster UNBS activities aimed at facilitating...
Govt starts oil palm growing in Busoga after 13 years of waiting
The government, through the National Oil Palm Project (NOPP), has officially commenced planting oil palm crops in the Busoga sub-region....
Bank of Uganda Raises Rates to 10.25% to Tackle Inflation
The Bank of Uganda Monetary Policy Committee (MPC) has taken decisive action to address inflationary pressures by announcing an increase...
