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India

Elias Biryabarema

CORRECTED-Toyota Tsusho bets on start-up Tugende's small loans to boost Africa business

22 Oct 2020

KAMPALA, Oct 19 The trading arm of the Toyota Group has invested $4 million in Ugandan start-up Tugende, saying it hopes the firm's loans to small, independent businesses will also help customers buy the carmaker's vehicles.

Uganda presidential hopeful Bobi Wine says security forces raid his office

14 Oct 2020

KAMPALA Ugandan pop star and presidential hopeful Bobi Wine said security forces raided his office on Wednesday and confiscated documents, branding items and cash amid what the opposition says is a campaign of harassment by the government.

Central bank says no license needed for foreign lending in Uganda

14 Oct 2020

KAMPALA, Oct 14 Uganda's central bank said on Wednesday foreign-based banks do not need its license to lend funds originating abroad, reassuring an industry jolted by a court ruling last week that declared some syndicated loans involving foreign banks illegal.

UPDATE 1-Ugandan banks jolted by court ruling on syndicated loans

08 Oct 2020

KAMPALA, Oct 8 Banks in Uganda plan to appeal a court ruling issued on Wednesday that has effectively declared illegal certain syndicated loans - representing at least $1.5 billion worth of debt - an industry body said on Thursday.

Uganda police probe hacking of mobile money processing firm

07 Oct 2020

KAMPALA, Oct 7 Ugandan police said on Wednesday they were investigating the hacking of a firm that processes mobile money transactions for two telecoms firms, including a unit of South Africa's MTN group.

For Ugandan activist, COVID curbs set new hurdle in climate fight

29 Sep 2020

BUWAMA, Uganda In a run-down residential compound in Kampala, Vanessa Nakate thrusts her fist in the air as she rallies 30 young demonstrators to defend their planet against climate change. | Video

Uganda's public debt surges in coronavirus crisis, central bank says

22 Sep 2020

KAMPALA, Sept 22 Uganda's public debt surged 20.5% in the 12 months to June as the east African country soaked up new credit to help deal with the economic impact of COVID-19, the central bank said on Tuesday.

Uganda reverses forest destruction by inviting in ... loggers

17 Sep 2020

KALAGALA, Uganda For decades, farmers hungry for land and families needing firewood whittled away at Uganda's forests, home to endangered gorillas, elephants and chimpanzees. | Video

Uganda says 219 prisoners escape, some with guns and ammunition

17 Sep 2020

KAMPALA Prisoners in a Ugandan jail overpowered their guards and 219 of them escaped with at least 15 guns, but two were killed after security forces launched an operation to recapture them, a military spokeswoman said on Thursday.

Uganda says to re-open airport and resume international flights on October 1

10 Sep 2020

KAMPALA Uganda said on Thursday it would reopen its sole international airport to commercial flights on Oct. 1, more than five months after its closure as a measure to curb the spread of the novel coronavirus in the East African nation.

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