Equity Bank Starts Investigations Into Suspected Fraud on Stock Loan and Agent Float Financing 

Equity Bank has launched an investigation into suspected fraud on their Stock Loan and Agent financing products, according to the Bank’s management.  In a statement, the Bank says the move is intended to empower their customers, businesses, and communities, with innovate products and services that bring convenience and support their customers to unlock their full…

Improved Infrastructure Attracts More Factories at Namanve Industrial Park

The government has recorded a surge in the number of industries following key infrastructure improvements at the Namanve Industrial and Business Park in Mukono District. The government has been implementing key infrastructure developments at Namanve through contractor-facilitated financing arrangements. They include tarmacking over 44 kilometres of road networks, bridges, traffic management systems, solar lighting, water, and power distribution systems.…

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Agago District Gets 60-meter Telephone Mast to Ease Connectivity

The Uganda Communications Commission (UCC) has built a 60-meter telephone mast in Lapono Sub-County, Agago district. The mast valued at 200 million Shillings stands at Akeno Village, Amyel Parish in Lapono Sub-County. It is expected to help telephone operators and media houses to access networks and expand their reach.   The Minister for Information, ICT…

Local Currency Weakens Amidst Rising Dollar Strength

The Uganda Shilling continues to trade under pressure from the US dollar as demand for the US currency rises above the supply, according to experts. On Monday, the local currency opened trading at Shillings 3,815.63 buying and 3,825.63 selling according to the official rates issued by the Bank of Uganda, more or less the same…

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Botswana Commits to Support Uganda In Combating Foot And Mouth Disease

President Yoweri Kaguta Museveni engaged in discussions with Botswana President, H.E. Dr. Mokgweetsi Eric Keabetswe Masisi, during a sideline meeting at the G-77+ China summit at Munyonyo Kampala. In this meeting, President Masisi assured unwavering support to Uganda’s farmers in addressing the foot and mouth disease by leveraging Botswana’s expertise in vaccine development. President Masisi…

Navigating Digital Age: How Sagaljet is Pioneering Technological Advancement in Somaliland

In the dynamic landscape of Somaliland, Sagaljet, a revered digital printing company, is not just making headlines for its cutting-edge technology but is also emerging as a catalyst for youth employment and community empowerment.  The company’s recent Gala Awards ceremony served as a shining example of how a technology-based enterprise can play a pivotal role…

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