Tag
UGANDA
The Ugandan authorities have detained seven individuals accused of defrauding a Nigerian businessman of $70,000 in an elaborate counterfeit gold scheme, showing the persistence of precious metals fraud across East Africa’s informal trading networks.
The alarming trend of crypto-related abductions continues, with the latest victim being Festo Ivaibi, founder of the cryptocurrency education hub Mitroplus Labs.
Michael Atingi-Ego has been appointed as the new Governor of the Bank of Uganda, concluding a three-year period without a permanent head since the death of Emmanuel Tumusime-Mutebile in January 2022.
Uganda Liaise with Global Atomic Agency, Set to Develop its Own Nuclear Plant
Uganda named best investment destination in Africa as FDI hits $1.5 billion in the last year.
Uganda Set to Receive $295 Million Loan from Saudi Islamic Development Bank to finance construction of roads and a bridge.
Uganda’s Ministry of Finance recently disclosed that gold trade in Uganda is back at the top becoming Uganda’s major export.
Kenya and Uganda has formed a tourism pact while agreeing to collaborate with each other to boost tourism revenue in their respective countries.
Uganda welcomes Salaam Bank, the first islamic lender in the country joining a growing list of countries with demand for islamic banking.
Small-scale traders in Uganda who import goods from China are currently in a tight fix over gaps in cargo documentation, rising import tax bills, and overall bureaucracy despite advanced trade management tools from their country’s regulatory body.
The African Development Bank (AFDB) has barred Chinese road builder China Henan International Corporation Group (CHICO) for indulging in fraudulent activity in a project the development bank is funding in Uganda.
Uganda's tourism revenue hits $1 billion as the tourism sector in the country bounces back to its Pre Pandemic level.