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Stanbic Bank
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Stanbic Bank
Stanbic Bank

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BoU revokes license of Mercantile Credit Bank Limited

The Deputy Governor of Bank of Uganda, Michael Atingi-Ego has revealed that the Central Bank has revoked Mercantile Credit Bank Limited’s license and ordered it to...

Corruption: Court commits three embattled MPs for trials

Embattled Lwengo district woman MP, Cissy Namujju and Bunyole East county MP Yusuf Mutembuli have been committed to High Court for trial. Their committal followed...

EACOP encounters obstacles as financiers delay loan disbursement

The East African Crude Oil Pipeline (EACOP) project has encountered a significant obstacle as Chinese financiers, Exim Bank and Sinosure, have failed to disburse...

Uganda records over $100m in trade surplus with neighboring countries

Uganda has recorded an increment in trade surplus with its regional neighbours. The revelation was made by permanent Secretary Ministry of Foreign Affairs, Vincent...

Ministry of Works and Security take the lion’s share of the Shs72t 2024/25 budget

The Ministries of Works and Transport and that of Security have taken lions, as the just-read 2024/2025 financial budget indicates. The Shs72.136 trillion 2024-2025 budget,...

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