Author: Our Reporter
Uganda Development Bank, the country’s national Development Finance Institution, has been named the Regional Bank of the Year – East Africa at the Annual African Banker Awards. Now in its 18th edition, the prestigious African Banker Awards celebrate the achievements of individuals and institutions that have contributed significantly to the growth and development of Africa’s banking sector over the past year. This year’s awards ceremony in particular saw Development Finance Institutions (DFIs) triumph. They emerged as the stars of the show in both institutional and individual recognition categories, underscoring their integral role in the African financial ecosystem. According to the…
Last week, a team from the State House anti-corruption unit stormed Karenga district in the Karamoja sub-region, Northern Uganda. During this operation the district chairperson Lochaale Felix Mark was arrested over allegations of aiding the rehabilitation of a road that was already contracted. The road in question is the Karenga- Lokori road, the major route connecting the district to South Sudan via Biira boarder. Since the day this operation happened, mixed reactions have been raised twisting Lochaale’s arrest from ordinary corruption allegations to a political witch hunt allegedly engineered by the State Minister for Ethics Hon. Akello Rose Lilly, who…
Kampala. As pupils and students come home for their Term-I school holidays this entire week, parents have been reminded to maintain a healthy balanced diet, with an aim of boosting health and nutrition. A healthy balanced diet is one that helps maintain or improve overall health while providing the body with essential nutrition. The Ministry of Education and Sports (MoES) through its ‘Teacher’s guide on nutrition’ mentions the consequences of poor nutrition for school-going children including delay in enrollment, absenteeism, lack of concentration, poor performance in class and increased school drop outs. MoES further notes that for a child to…
Singer Moses Ssaali aka Beba Cool has made straight regarding his current relationship with the National Unity Platform (NUP) party leader Hon. Kyagulanyi Robert Ssentamu alias Bobi Wine. Speaking in an interview, Bebe Cool elaborated in black and white how he has no personal grudge with the Kiwani singer. He said the only point where they both disagree is in politics, not other sectors. ” Even heavens know that I have no problem with Principal. We only disagree politically, nothing beyond that. Thats why my children go to his place and his come to my home without any contradictions.” Bebe…
President Yoweri Kaguta Museveni has commended the retiring Uganda People’s Defence Forces (UPDF) Generals for believing in the vision of the National Resistance Movement (NRM) and serving their country diligently. The President made the remarks yesterday 26th April, 2024 during a farewell function for the retiring army generals, held at State House-Entebbe. President Museveni informed the retiring senior army officers that the NRM has not let them down since it has built their capacity and empowered them. “You have seen the NRM has not let you down, it has built your capacity through training, officer cadet, platoon Commander courses, staff…
The Uganda Development Bank (UDB) convened a high-level meeting with prominent stakeholders on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings. The purpose of this strategic engagement was to foster partnerships, exchange insights on the empowerment of national development banks in Africa to address the economic, social, and environmental priorities of the continent, and chart a course for UDB’s transformative journey. UDB has more than increased its balance sheet ten-fold in the last decade while retaining its profitability and aims at mobilizing further international sustainable funding to achieve its strategic objectives. Led by Felix Okoboi,…
The Stanbic Black Pirates decisively wrapped the regular season of the Nile Special Rugby Champions with a stunning performance. This magic went down at Kings Park arena in Byeyogerere, where the Sea robbers clobbered Makerere Impis 41:13. This being the final race in season, the Saturday results have left the boys better placed in the top three behind the table leaders Heathens and the Jinja hippos. Despite a courageous effort put forward by the Impis, their captain acknowledged delays in the attacking side. “The game has been well fought. We failed to utilize the several times we got an opportunity…
Uganda Development Bank (UDB) the country’s national development finance Institution has retained a National Long-term Rating of ‘AAA (uga)’ with a Stable Outlook, the highest attainable on Uganda’s national scale and reflects high support propensity by the government. Fitch Ratings has also affirmed UDB’s Long-Term Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook and UDB’s Government Support Rating (GSR) at ‘b+’. KEY RATING DRIVERS The Government Support Rating (GSR) is equalized with Uganda’s sovereign rating, reflecting Fitch’s view of the authorities’ high propensity to provide support. The Negative Outlook on UDB’s Long-Term IDR mirrors that on Uganda’s sovereign…
Equity Bank Uganda has selected 110 high-performing students from the 2023 Uganda National Examination Advance Certificate of Education for its Equity Leaders Program. This brings to a total of 333 students under the program. The program which is now in its 3rd cohort aims to develop and inspire young leaders through access to education plus mentorship and career training. It also includes a Pre-University paid internship and a College Counselling program. The selected beneficiaries on Sunday arrived at the African Bible University in Lubowa for a week-long induction program. The induction offers scholars an opportunity to engage with leaders from…
The House of Bishops of the Church of Uganda sitting at Daniel Uganda Missional Centre in Lweza, today 17th April 2024, has elected Rev Canon Jacob Ateirweho as the 6th Bishop of the Diocese of Bunyoro Kitara. He will be consecrated and enthroned as the 6th Bishop on 11th August 2024 at St Peter’s Cathedral, Hoima. Rev Canon Jacob Ateirweho was born on 24th August 1968 in Hoima Hospital, Hoima District. He accepted Jesus Christ as his Saviour on 5th April 1991. He was ordained Deacon on 5th February 2006 and priested on 23rd July 2006. He is married to…