News
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New law increases share capital for foreign exchange business
Posted: 30 Jun 2023 Investors in the foreign exchange business will now be required to have a minimum paid up share capital of Shs200 million to carry out the business of dealing in money transfers. This is provided for... -
MPs concerned over implementation of new school curriculum
Posted: 30 Jun 2023 Kalungu West County Member of Parliament, Hon. Joseph Ssewungu, wants the Ministry of Education and Sports to provide schools with learning materials in line with the new curriculum, saying that... -
Delayed security deployment frustrating - Kasese MPs
Posted: 30 Jun 2023 Following the suspected rebel attack on a school in Kasese that left 43 people dead, legislators from the district have poked holes into government’s response to beef up security. On Friday 16, June... -
House passes Bill to kick start Islamic Banking
Posted: 30 Jun 2023 The enactment of the Income Tax Amendment Bill No.2 of 2023 has cleared all legal roadblocks to the commencement of Islamic banking products in Uganda. Parliament on Tuesday, 27 June 2023 stood over... -
MPs inch closer on start of Islamic banking
Posted: 27 Jun 2023 Parliament has passed a series of Bills to harmonise issues relating to Islamic Banking products, only setting aside the Income Tax Amendment Bill for committee and government concurrence. In its... -
Africa deserves permanent seats on UN Security Council - Deputy Speaker
Posted: 27 Jun 2023 BRUSSELS, BELGIUM - The Deputy Speaker of Parliament, Thomas Tayebwa, has called for the creation of two permanent seats for Africa at the United Nations Security Council, in renewed calls for the... -
Parliament amends National Sports Bill, introduces archery
Posted: 27 Jun 2023 Parliament has reconsidered the National Sports Bill, incorporating several amendments including the introduction of archery and deletion of kickboxing. The National Sports Bill, initially tabled for... -
Speaker Among calls for investigation into Masaka murders
Posted: 27 Jun 2023 Speaker Anita Among has directed the Minister of Internal Affairs to investigate the recent killings in Bukoto County, Masaka District where five family members were murdered on Friday 23, June 2023... -
MPs disagree with Central Bank on Shariah Advisory Council
Posted: 27 Jun 2023 Lawmakers have rejected Bank of Uganda’s (BoU) proposal to remove the Shariah Advisory Council requirement for Islamic Banking in Uganda under the Financial Institutions Act. According to BoU, a... -
Law Society raises concerns over Islamic Banking
Posted: 27 Jun 2023 The Uganda Law Society has called for careful consideration and further deliberation before enacting laws related to Islamic Banking in Uganda. Expressing concerns over potential ramifications, the...