Author: felix@elixnews.co.ug

In abid to provide alternative sources of finance, President Yoweri Museveni has launched Islamic Banking service in the market place. Islamic banking is a form of banking based on Islamic principles. Basically, in Islamic banking it is not allowed to pay and receive interest but rather it is based on profit sharing. Islamic banks focus on generating returns on investments through investment tools that are “Sharia” compliant. Islamic banking is being spearheaded by Salaam Bank Group following Bank of Uganda granting management alicense last year. President Museveni eiterated his call to believers to make sure that they take part…

Funs of Ray G are excited with his Kampala planned concert They vow attend in big numbers come rain or shine. Mbarara best gospel artist Ray G has fixed May 10th for his maiden live concert at Lugogo Cricket Oval. The Forever hit singer aims to make a killer collection and attract more funs in Kampala. Muhairwe Reegan aka Ray G was born and raised in Ishaaka and got his high school education at Adventist College. He was so young when he recorded his first hit single, “Amarari,” at Lyrics Records. His first video came out in 2013, but…

Muslims in Kampala have embraced Islamic banking services with lors of excitement currently offered by Salaam Bank in the market place. President Yoweri Museveni launched Salaam Bank, Uganda’s very first authorized Islamic Financial organization in country on Friday. Islamic banking is a type of banking in light of Islamic standards. Essentially,Islamic credit doesn’t permit interest payments yet rather it depends on benefit sharing. Islamic banks center around creating profits from ventures through speculation apparatuses that are “Sharia” consistent. Museveni said, “At the point when the Islamic College in Uganda was starting, certain individuals were against it. I said no,…

Daniella Atim is marking 5 years of single motherhood after divorcing the father of her children Joseph Mayanja aka Chameleon. Highlighting her key milestones, the mother of five took to social media to look back at the harrowing experiences of her marriage that ultimately drove her away from the father of her children. In an Instagram status, Atim revealed how she had endured a 16-years of Chameleon domestic violence. Now living in Minnesota with all her children, Atim talked of her struggles as a single mother and her quest for a safer, happier and more fulfilling life. “I moved…

Ticks infest cattle negatively impacting health, productivity and development of the dairy and beef industry resulting into huge economic losses, especially in sub-Saharan Africa. Annually, the total global costs linked to ticks and tick vectored pathogens in cattle range between US$ 13.9 billion and US$ 18.7 billion. In Uganda studies have estimated that losses of over USD 1.1 billion occur annually due to ticks and tick-borne diseases including East Coast fever (amashuyo amakebe), babesiosis (redwater), anaplasmosis (kashanku) and cowdriosis (kamunguluze). At farm level, 80% of the total annual expenses incurred in management all cattle diseases…

Uganda Peoples Congress has started internal preparations of its party road map for 2026 elections. UPC President Jimmy Akena, says the Dokolo District Woman Member of Parliament by-election, in which UPC’s Sarah Aguti Nyangkori won with a landslide victory, is an eye opener that UPC has re-gained its past popularity and is optimistic the party will gunner many votes come 2026 General elections. “On behalf of UPC and my own behalf, I congratulate the Dokolo District Woman MP elect Hon. Sarah Aguti Nyangkori and the people of Dokolo for the landslide victory of the just concluded by-election. This convincing…

In a marathon move aimed to realise President Yoweri Museveni directive of setting up 25 fully functioning Industrial parks by 2026,Uganda Investment Authority (UIA) has launched anew initiative dubbed the Investment Facilitation and Protection Campaign. According to UIA Director General Robert Mukiza, government’s industrialization plan will be strengthened by this campaign, which will also increase exports and encourage import substitution. Mukiza stressed that this campaign attempts to maintain Uganda’s standing as the top East African investment destination, which will be reaffirmed in 2023 at the Annual Investment Awards in Abu Dhabi, Mukiza said UIA will work with other relevant…

Former President Jacob Zuma has been barred from running in South Africa’s general election in May. The country’s electoral commission, or IEC, has not given a reason. However, his 2021 conviction and jailing for contempt of court would appear to disqualify him. His backing of the new uMkhonto we Sizwe (MK) party has been seen as a possible threat to the governing African National Congress (ANC), which has suspended Mr Zuma. The 81-year-old served as president from 2009 until 2018, when he had to step down because of corruption allegations. Mr Zuma’s new party is named after the ANC’s…

The South Korean Agency for International Agricultural Development has reaffirmed its commitment to supporting Ugandan farmers in transitioning from subsistence to modern farming practices. This assurance was conveyed by Dr. Cho Ilho, the new Director of the Korea Partnership for Innovation of Agriculture (KOPIA) Uganda, during a meeting with Dr. Yona Baguma, the Director General of the National Agricultural Research Organisation (NARO), held at the NARO headquarters in Entebbe on Wednesday. Dr. Cho succeeds Dr. Park Taeson, whose tour of duty runs out after five years in Uganda. Over the years, KOPIA has provided significant support to NARO,…

Leader of the National Unity Platform (NUP), Robert Kyagulanyi has continued with personal beef and suspended Mathias Mpuuga from his position as Deputy President Central Region with immediate effect. In accordance with Articles 6.3 (h) and 7.1 (e) of the Party Constitution,” Kyagulanyi said, “I hereby suspend you from the position of Deputy President of the National Unity Platform for Central Region with immediate effect, and accordingly refer the matter to the National Executive Committee for further action.” The decision to suspend Mpuuga comes as a result of corruption allegations leveled against him. Kyagulanyi specifically referred to an incident…