Day: September 21, 2023

Old Mutual Investment Group launched the first ever dollar unit fund in Uganda, a move aimed to diversify and add to the quality of the investment opportunities on the market. A unit trust is a collective investment scheme that pools contributions from investors who share a common investment objective. The pooled funds are strategically invested in a diversified portfolio of financial securities, including equities (shares), bonds, cash, bank deposits, and more. The UAP Old Mutual Investment Group MD Simon Mwebaze, noted that in recent years Unit trusts have gained traction on the local market as a low risk, cost-effective access to both fixed income and stock markets investment option. “Investors are to diversify their risk and gain access to investments they might not have been ab...

MTN Uganda’s recent rollout of a mobile-based supply chain platform that allows businesses in the Fast-Moving Consumer Goods (FMCG) to place orders, generate invoices for deliveries, pay and collect returns in real-time, has demonstrated its commitment to driving digital solutions for the country’s progress through partnerships. The telecom company has in the past 10 years unveiled several digital solutions to meet customers’ needs and help transform the economy. Following the launch of the MTN Mobile Money platform in 2009, MTN has stirred the development of new digital technologies with the latest being the FMCG Digital Suite riding on the power of partnerships. MTN’s Technology Business partnered with the fintech arm, MTN MoMo to develop a digital platform for the distribution of produc...

The Director of Public Prosecutions (DPP) has withdrawn charges of disobedience and common nuisance against Senior Presidential Advisor for Special Operations, General Muhoozi Kainerugaba. The trial Chief Magistrate at Buganda Road Court, Mr Ronald Kayizzi withdrew the charges after prosecution presented a withdrawal form signed by the DPP, Justice Jane Frances Abodo. “I have perused through the withdraw form, the DPP has decided to withdraw the charges against Muhoozi Kainerugaba and I have also heard the reasons given by the state that a year now there is no credible evidence by the state rightly stated by the complainant, and under Article 23(d) of the Constitution, I accept the withdrawal and the charges against Muhoozi are hereby withdrawn,” Mr Kayizzi ruled. When the case came up for...

The Uganda National Examinations Board (Uneb) Executive Director, Mr Daniel Odongo, has announced plans to hire 60,000 individuals across the country to monitor the upcoming Primary Leaving Examinations (PLE). The announcement was made during a meeting with district, municipalities, and city school inspectors who are responsible for coordinating the administration of PLE. According to Mr Odongo, PLE is one of the most challenging exams conducted by the board due to the large number of candidates. “While PLE is conducted over two days, it feels like a month for us due to the vast number of participants.” Mr Odongo said. PLE is organised and coordinated by district inspectors of schools in collaboration with Uneb. More than 200 district inspectors attended the meeting at Uneb offices in Kyam...

Kawempe North Member of Parliament (MP) Muhammad Ssegirinya has returned to Uganda after being discharged from Amsterdam Universitair Medische Centra Hospital, Netherlands, where he has been receiving treatment. The legislator has been hospitalized since August after his health worsened, months after being released from prison. His health challenges encompass a trio of ailments: skin cancer, lung infections, and liver swellings. Over the weekend, Ssegirinya was discharged from the hospital and he decided to travel back home. This afternoon, he arrived at Entebbe International Airport and was received by a group of his supporters who were waiting with an ambulance. Speaking to journalists at the airport, Ssegirinya, who looked weak, said he was feeling much better. “I’m feeling somehow okay...