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@kfm Fri, 19 Jan 2024 09:29:22
Bank of Uganda closes EFC Uganda Limited
Bank of Uganda (BoU) has announced the liquidation and revocation of EFC Uganda Limited’s license. EFC, a microfinance institution that was licensed and supervised by the Bank of Uganda has been ordered to wind up its services across the country. According to a letter released by the Bank of Uganda Deputy Governor, Mr Michael Atingi-Ego, the Bank exercised its powers under Sections 72 (1) and 12 (1) (d) & (g) of the Microfinance Deposit-taking Institutions (MDI) Act, 2003 as amended. “Bank of Uganda (BoU) has effective today, 19th January 2024, placed EFC Uganda Limited under liquidation, revoked its license, and ordered for the winding up of its affairs,” Atingi Ego said. Ego says the move was taken after BoU determined […]
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@chimpreports Fri, 19 Jan 2024 09:10:41
Bank of Uganda Revokes EFC Uganda’s Licence
Bank of Uganda has liquidated and revoked the licence of Entrepreneurs Financial Center (EFC) Uganda, and ordered for its immediate closure over failure to comply with market requirements. Michael Atingi-Ego, deputy governor Bank of Uganda says EFC has been closed because its activities are detrimental to the interests of its depositors. “This action has been …
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@kfm Fri, 19 Jan 2024 08:53:21
Uganda takes over NAM chairmanship
President Yoweri Museveni has been elected the new chairman of the Non-Aligned Movement summit, currently underway in Munyonyo, Kampala. Uganda’s four-year chairmanship will expire in 2027. He assumes the chairmanship from H.E. Ilham Heydar Oghlu Aliyev, President of the Republic of Azerbaijan. Addressing NAM delegates on Friday, Museveni urged countries to respect the “freedoms of everybody”. “We are flabbergasted and look down with contempt at the philosophical, ideological and strategic shallowness of some of the actors of the world. If you say that you are a democrat, why don’t you respect the freedoms of everybody?” Museveni said. President Aliyev, the outgoing chairperson, outlined the key achievements of the summit during his four-year term.
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@chimpreports Fri, 19 Jan 2024 07:55:18
Parliament, FDC Clash Over Cecilia Ogwal Burial Programme
Parliament has blasted Forum for Democratic Change (FDC), for issuing what the opposition party described as the ‘tentative burial programme’ for departed lawmaker, Cecilia Ogwal. “The burial of the late Hon. Cecilia Ogwal is the responsibility of Parliament not the FDC,” said Parliament in a post on X. “Please disregard the purported burial programme released …
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@kfm Fri, 19 Jan 2024 07:31:32
PLE results out next week, says Education ministry
The Ministry of Education and Sports has finally confirmed the date for the release of Primary Leaving Examinations (PLE) results for 2023. According to a January 17, 2024, internal memo signed by Irene Kauffman, reference has been made to an earlier memo dated January 12, 2024, inviting them to attend briefing and release of the 2023 PLE results at State House Nakasero. According to Ms. Kauffman, the senior private secretary to the First Lady and Minister of Education and Sports Janet Museveni, the Uganda National Examinations Board (UNEB) will hold briefing on the 2023 PLE results on Wednesday, January 24, followed by the official release of the results on Thursday, January 25, both at State House Nakasero. UNEB usually releases […]
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@chimpreports Fri, 19 Jan 2024 06:47:17
2nd edition of KH3-7 Hills Run, dedicated to supporting Girl-Child Education.
All is set for the second edition of KH-3 7 Hills Run. The running event is organized by Absa Bank in partnership with the Kampala Hash House Harriers (KH3). This event is set to take place on Sunday, March 17, 2024, at the Kololo Airstrip. The 21km run, spanning the seven iconic hills of …
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@chimpreports Fri, 19 Jan 2024 06:56:43
Rukungiri: Man lynched by mob for defiling 16-year-old
A 20 year old man in Rukungiri has been lynched by a mob on allegations of defiling a 16 year old girl. Elly Maate, the Kigezi Regional Police Spokesman, has confirmed the incident and identified him as Wilber Ariho. Maate says, that it is alleged, that on January 16, 2024, at around 19.30 PM, the …
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@chimpreports Fri, 19 Jan 2024 06:58:55
Ethiopia Snubs IGAD Meeting; Warned on Somaliland Red Sea Port Deal
The Intergovernmental Authority on Development (IGAD) leaders have warned Ethiopia against undermining the territorial integrity of Somalia. IGAD on Thursday convened its 42nd Extraordinary Assembly of Heads of State and Government, hosted by President Museveni of Uganda at State House, Entebbe. While Somalia’s President Hassan Sheikh Mohamud attended the meeting, Prime Minister Abiy Ahmed neither …
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@chimpreports Fri, 19 Jan 2024 07:15:12
PLE Exams to be Released on January 25
The Ministry of Education has announced that the Primary Leaving Examination (PLE) examinations for the year 2023 will be released on Thursday, January 25, 2024. The Ministry’s undersecretary, Irene Kauma said the release of the results will be held at 11:00 am by the Minister of Education Hon Janet Museveni at State House Nakasero. A …
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