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The FDC has asked banks to change signatories to its accounts amidst an ongoing internal dispute within the party. The banks have refrained from commenting on the matter, and the situation remains fluid.
Centenary Bank

FDC Asks Banks to Update Signatories Amidst Party Turmoil

Two banks, dfcu and Centenary, have been asked to change the authorized signatories for the Forum for Democratic Change (FDC)…

Headline NSSF New Head Uganda
NSSF

NSSF Sets Ambitious Goal: Shs20 Trillion Fund Size by 2024

In a recent update provided ahead of the National Social Security Fund (NSSF) annual members' meeting this week, Mr. Patrick…

90 percent of Uganda’s cotton is exported UMA
Cotton Development Organisation

The Sorry State of Uganda’s Cotton Production

In a recent presentation at the 14th National Competitive Forum in Kampala, Mr. Richard D Mubiru, Chairman of the Uganda…

M Pesa Transaction Limit Expanded to KSh 250000 Following Central Bank Approval
Kenya

Central Bank Approves Safaricom’s Increase in M-Pesa Transaction Limit to KSh 250,000

Safaricom, a telecommunications company in Kenya, has made a change to its mobile money service, M-Pesa. They have increased the…

Chinese Lenders Step In to Finance Uganda's Crude Oil Pipeline

Chinese Lenders Step In to Finance Uganda’s Crude Oil Pipeline

Chinese lenders have agreed to provide over half of the $3 billion in debt required to construct a crude oil…

Proposal to Cancel UGX 92 Billion Tax on Imported Steel Products

Minister Seeks to Waive UGX 92 Billion Tax on Steel Imports

Tax compliance in Uganda's steel industry has been a topic of discussion for some time. Back in March 2017, during…