Author: admini
One of Uganda’s best performing institutions, St. Peter’s Senior Secondary School Naalya (SPENA), has today announced the launch of its Silver Jubilee Insignia, commemorating 25 years of passion, dedication, and unwavering commitment to academic excellence. SPENA is a tier one mixed secondary boarding school founded on Christian principles in 1994 and located in Kampala, Uganda. The school offers education to thousands of learners from Uganda, Kenya, Tanzania, South Sudan, and Rwanda. The school currently boasts of over 2000 learners and has taught close to a million students over its 25 years of existence. The Silver Jubilee Insignia represents a significant…
Internal Affairs Minister Kahinda Otafiire has urged young Ugandans to stand against corrupt leaders to prevent the loss of public resources and address the nation’s democratic setbacks. A Veteran’s Plea to Graduates Speaking to graduates at Kampala International University (KIU) on Saturday, the retired two-star general and veteran of the guerrilla war that brought President Museveni to power nearly four decades ago emphasized the urgency for youth action. “Now, young people, I want to challenge you to support those of us who stand up and say ‘no’. The struggle for freedom, the struggle for justice shouldn’t be in vain,” he…
National Unity Platform president, Robert Kyagulanyi and other party leaders are headed to Bundibugyo district where they are expected to hold a consultative and mobilization meeting. The meeting will be attended by NUP top brass. The NUP crew has been waving to their supporters in different towns as they head to their final destination. Intimidation Yesterday, Bobi Wine revealed that they have been receiving threats and intimidation messages from Security officials. He sys that their programs on radio were cancelled based on orders from above and told to hold his rally 30km from Bundibugyo town “As we prepare to head…
Introduction to Fibonacci Retracements Within technical analysis, Fibonacci retracements have proved to be one of the strong tools a trader may harness to try and understand movements in a market and get an idea about its future movement.Developed using the Fibonacci sequence, in which each number is the sum of the two preceding ones (0, 1, 1, 2, 3, 5, 8, 13, etc.), these retracement levelsremind the trader about possible levels of support and resistance based on key percentages. This post will consider how best to make use of Fibonacci Retracements within index trading strategies in order to achieve better…
Stanbic Bank Uganda Limited has been recognized by the National Environment Management Authority (NEMA) for its proactive efforts to promote environmental protection and preservation through adoption of innovative technologies and implementation of afforestation initiatives. This was during the National Sustainability Awards 2024 at the Sheraton Kampala Hotel, held under the theme ‘Promoting Innovative Technologies for Environmental Conservation’. The country’s biggest financial institution was hailed for its innovative approaches to reducing its environmental footprint and promoting eco-friendly practices. Speaking of behalf of the bank, Cathy Adengo, the Head of Sustainability expressed gratitude for the recognition and reaffirmed the bank’s commitment to…
Vincent Asiimwe and Emmanuel Lwanga registered the biggest scores of the day in the pairs, a 4 and 3 (by four holes with three to go) victor over William Esuma and Anne Abeja during the Stanbic Entebbe Match Play quarter-finals at Entebbe Golf Club last weekend. The event that started in March has now entered the final stage after this weekend action with only four teams left the main competition. Asiimwe says he drove and putted well, got to the greens early, and had a good partner who complemented him. “The first nine was a bit tricky and my partner…
Equity Mama loans have been instrumental in empowering women like Sylvia Akankwasa, Rebecca Katisi, and Yahala Khasifa to achieve financial independence and grow their businesses. These women have benefited from the Enterprise Development and Financial Inclusion program, with support from Equity Bank. Sylvia Akankwasa’s stationery shop in Arua faced challenges during the pandemic, but Equity Bank’s loan under the Equity Mama facility helped her expand her business into a multimedia printing operation. She now employs seven workers and is venturing into a fruit juice and wine factory. The bank’s support was crucial in preventing her business from collapsing. Yahala Khasifa…
Hardly a week after the Uganda National Oil Company (UNOC) celebrated the arrival of its first direct fuel imports, a significant hurdle has emerged. The Kenyan authorities have imposed a $40 million (sh148.4 billion) storage fee on Vitol Bahrain terminal (VTTI Kenya), a private firm responsible for holding UNOC’s imports at the Port of Mombasa. Implications of the Storage Fee These storage terminals are among the largest in the region and the only privately-owned facility connected to the Kenyan Pipeline Company, which serves Uganda. The terminal was chosen to store all of UNOC’s fuel before being transported to Kisumu and…
President Yoweri Museveni briefed the Cabinet and the National Resistance Movement’s (NRM) central executive committee on new, stronger measures against corruption. Speaking at the National Leadership Institute in Kyankwanzi district, Museveni announced the formation of a new anticorruption unit under the State House, named the Accountancy and Audit Unit, aimed at overseeing audit processes across various government levels. Formation of New Units to Combat Corruption “Given the failures of the accounting officers, we are stepping in directly. Apart from the State House Anti-Corruption Unit, we are now creating the Tax Investigations Unit and the Accountancy and Audit Unit,” Museveni stated.…
District land boards are significantly contributing to the widespread issuance of erroneous land titles in wetland areas, thereby exacerbating the Government’s efforts to conserve these delicate ecosystems, a lands ministry commissioner has said. Esther Lunkuse Lutaaya, a commissioner in the lands registry, revealed that much as the public blames the lands ministry for issuing titles in wetlands and other protected areas, such mistakes are done based on inspection reports and deed plans submitted by district land boards. “At the lands ministry, the process of creating a new land title is entirely facilitated by the proof of the district land board…