Category: Business

Business
Financial Fraud: Our system is secure, responds Centenary Bank

The Rural Development Bank popularly known as Centenary Bank raised its voice a few days back following the alleged financial fraud message which has been circulating on social media about their online banking system. In response to their customer community, Centenary Bank noted that their system is very secure, safe and not tampered with. They […]

 4,449 total views,  9 views today

Business
URA issues new tax administration measures amidst COVID-19 crisis

As the whole world is on the panic of the deadly roaming virus – COVID-19 crisis, most of the economies are losing out on the performance rate due to the affected business transactional channels world-wide. In Uganda, the business sector also seriously affected after the government instituted tight measures to curb the spread of coronavirus. […]

 4,933 total views,  17 views today

Business
Digida FM 106.5 collapses after 8 years

In the wake of COVID-19 where companies are expected to struggle with the unfortunate shrinking economy,some companies have started collapsing. It’s alleged that the Bukoto music local youth based station – Digida fm has been sold off to an unknown buyer whom we are yet to confirm with salaries arrears of a over a rune […]

 6,400 total views,  2 views today

Business
BOU governor Emmanuel Mutebile said to be very ill

BOU governor Emmanuel Mutebile said to be very ill. Emmanuel Mutebile, the legislative leader of the Bank of Uganda is sick and was on Saturday, March 28, 2020, admitted to Nakasero Hospital, insider sources have revealed to The Nile Post. Therefore, the sources said that Mutebile as of late visited State House in Entebbe ‘almost […]

 4,274 total views,  18 views today

Business
Doris Akol
Doris Akol: “It has been an honor to be your leader”

Doris Akol: “It has been an honor to be your leader”. Doris has in a passionate message said goodbye to Uganda Revenue Authority staff. However, President Museveni on Sunday evening supplanted Doris Akol as the Uganda Revenue Authority Commissioner General with prompt impact. “By the uprightness of forces allowed to me by the Constitution. I […]

 3,885 total views,  12 views today

Business
Trade minister Amelia Kyambadde
Trade minister Amelia Kyambadde issues the latest update in business

The Trade minister Amelia Kyambadde has today given an update on business following the president’s directives. In addition, yesterday the president of the Republic of Uganda suspended the usage of Public transport in the country. All public means, for example, buses, taxis, Boda-Bodas, and bicycles were all suspended for 14 days. However, the president said […]

 6,737 total views,  4 views today

Business
Covid-19
Museveni to send spies to trace traders due to Covid-19

Museveni to send spies to trace traders due to Covid-19. President Museveni on Tuesday said he would drop licenses of dealers who are exploiting the coronavirus pandemic, to climb costs of nourishment and other fundamental merchandise. However, portraying such merchants as criminals, Mr. Museveni said he would send his knowledge groups to follow vendors who […]

 3,176 total views,  11 views today

Business
Museveni: Four arrested over hiking commodity prices

Museveni: Four arrested over hiking commodity prices. Four brokers have been confined by police in Koboko town in northern Uganda for purportedly exploiting the coronavirus lockdown to climb item costs. Driven by Koboko Resident District Commissioner, Capt. Yahaya Kakooza, the police bolted the shops and captured three Indians and an Uganda broker at purportedly climbing […]

 3,016 total views,  11 views today

Business
Jambojet cancels flights over coronavirus

Jambojet cancels flights over coronavirus. Barely any travelers making a trip to Rwanda and Uganda has constrained ease bearer Jambojet to suspend flights to Kigali and Entebbe with prompt impact. Therefore, the spending bearer, a backup of the national aircraft Kenya Airways. Said in the course of recent weeks there has been a decrease in […]

 3,293 total views,  11 views today

Business
Absa Bank uganda Director
Absa Bank Uganda gets a new managing director

Absa Group Limited has declared the arrangement of Mr. Mumba Kalifungwa as Managing Director for Absa Bank Uganda viable 1 April 2020. He succeeds Mr. Nazim Mahmood. He held the situation on a between time premise since July 2019. In addition, driving the association through a notable brand change to Absa. He will work intimately […]

 5,437 total views,  6 views today