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Sunday, July 5, 2020

Shumuk boss appeals to President Museveni seeking protection

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City businessman Shukla Mukesh has written to President Yoweri Museveni asking for protection from what he termed as investor frustration and malicious prosecution in...

More Oil wells have been discovered in Elgon region

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Oil seeps have been encountered in the Elgon region, indicating the potential existence of commercial quantities of oil and gas in northeastern Uganda. Honey...

Uganda Airlines flights start in July

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The revamped Uganda Airlines will start regional flights in July, about three months after delivery of two Bombardier CRJ900 jets, works minister Monica...

Govt to assess OTT impact & its failures

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MPs on the ICT committee have directed the ministry to furnish Parliament with an assessment report on the impact of social media tax on...

Business owners more important than politicians, says Museveni

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President Yoweri Museveni has said the strength of the country to grow does not lie with either politicians, religious or traditional leaders but rather...

Alliance Global closed down over increased fraudulent

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Security in Mbarara district has closed the operations of Alliance Global which is said to be a Ponzi scheme, for allegedly fleecing...

M7 sets tough terms for MTN, wants NSSF to buy shares

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The National Social Security Fund (NSSF) is set to buy shares in the multi-billion South African MTN telecom franchise. Talks to kick-start the shareholding...

Businessman in row with UN over delayed compensation

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A Ugandan businessman is embroiled in a dispute with the UN over delayed payment of about sh500m in compensation after a UN vehicle knocked...

BOU governor’s powers should be trimmed – COSASE

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The parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) has said the Constitution should be reviewed to stop the central bank governor...

“Whatever we did was in accordance with the law” Kasekende speaks out on COSASE...

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The central bank has roundly rejected the findings of the parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) that there...

Katuntu defends COSASE commercial banks probe report

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In the run-up to last week’s release of the committee on commission’s statutory authorities and state enterprise’s (COSASE) report on the closure of seven...

Minimum Wage Bill wins legislators’ hearts on first day of debate

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Parliament yesterday started debate on the Minimum Wage Bill which received overwhelming support of legislators from across the political divide. The private member’s Bill,...

Finance minister, PS clash over sh150b

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A fresh controversy has rocked the finance ministry, with the Permanent Secretary and Secretary to the Treasury, Keith Muhakanizi, clashing with the finance ministers,...

Kiira Motors fail to account for sh24b car assembly plant

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Legislators on the parliamentary committee of science, technology and innovation last week quizzed Kiira Motors Corporation (KMC) officials to account for sh24b released for...

Uganda & Rwanda lock horns over 32 tonnes of cement

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Authorities at the Rwandan border have blocked a consignment of goods being exported to Rwanda, UGANDANZ has learnt. The goods three truckload...

8 Chinese firms to set up at Mbale Industrial Park

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Eight Chinese firms have signed memoranda of agreement to start production at the SinoUganda Industrial Park in Mbale district. Two other firms have already...

SMEs must embrace digital technology to survive

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Small and Medium Enterprises (SMEs) constitute the biggest segment of the business sector in Uganda. They employ in excess of three million people and...

Closed borders won’t affect Uganda’s trade – Museveni

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President Yoweri Museveni has described the closure of the Uganda-Rwanda border as a temporary issue, which should not stop Uganda from trading, using other...

Uganda Airline Planes arriving in 2 weeks

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As part of efforts to revive the national carrier, Uganda Airlines, the company’s two Bombardier CRJ900 jets will touch down at Entebbe...

URA’s shs13B system fails to track shs266B missing revenue

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Two years after the launch of the Electronic Cargo Tracking System (ECTS), which cost tax payers billions of shillings, the Uganda Revenue Authority (URA)...

Government to give Youths & women shs10M, here is how to apply

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The Government will increase the operational funds for youth and women groups, the Minister of Gender, Labour and Social Development, Janat Mukwaya, has said....

SHOCK!! Rwanda sends back trucks loaded with Ugandan goods

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Three Ugandan cargo trailers that have been held up in Rwanda since early last month have been sent back to Kampala with the...

Finance ministry bosses who ate sh1b bribe have been jailed

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Two officials of the Ministry of Finance, Planning and Economic Development have been convicted of corruption offences and sentenced to two years’ imprisonment.

Parliament approves sh40.4 trillion for 2019/2020 budget

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After a long budgeting process, Parliament yesterday passed the 2019/2020 national budget totaling sh40.4 trillion, up from sh32.7 trillion for the 2018/2019...

“No president has developed Uganda as I have developed it during my presidency” -Museveni

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President Museveni has urges Ugandans to disregard opposition members pleas that Ugandan economy is collapsing and revealed that actually its gaining momentum. "Despite being...

Museveni gives his Final verdict on the UTL Saga

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President Yoweri Museveni has said any decision involving the process of identifying a suitable investor in the effort to revamp Uganda Telecom (UTL) should...

Govt planning to ban private ownership of Taxis in Uganda

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In a bid to streamline public transport, the Government has introduced laws that will ban individuals from directly owning and operating public vehicles.

Temangalo Land comes back to haunt NSSF and Amos Nzeyi

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To resolve the mystery shrouding ownership of the controversial National Social Security Fund (NSSF) Temangalo land in Wakiso district, MPs have called...

Cooperative Bank owners demand accountability of assets from BOU

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Almost 20 years down the road since Co-operative Bank was closed, shareholders and directors say they have since not had access to the evaluation...

President attends blue economy conference in Nairobi

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President Yoweri Museveni has underscored sustainable conservation of water bodies as a prerequisite for human survival. “When we talk about blue economy, we are talking...

Uganda, UK to co-fund fruit processing machines in 7 districts

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President Yoweri Museveni has met with a delegation from a British company, Alvan Blanch UK and discussed about a cereal and fruit processing project,...

Govt clashes with Naguru-Nakawa estate developers over sh175B compensation claims

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Opec prime Properties Limited and Opec prime Uganda Limited, the developer of the Naguru-Nakawa estate, have written to the Government demanding compensation of $47m...

More turmoil as MTN chairman Charles Mbire is Interrogated by security

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Fresh details emerging from MTN have revealed that the telecommunications company chairman, Charles Mbire, has been quizzed over alleged espionage by the company staff....

Sheraton Kampala Hotel in Spotlight over fraudulent concerning employees

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Over 322 former workers of Apollo Hotel (now Sheraton Kampala Hotel), under their umbrella Organisation, The Association of Former Workers of Apollo Hotel (TAFWAH),...

National housing opens 80 flats

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The Government has urged the National Housing and Construction Company to find solutions for the urban poor and rural Ugandans. The call was made...

Uganda one of world’s top 2019 tourist destinations

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The ranking cites futuristic cityscapes and modernist architecture to pristine rainforest and rehabilitated wildlife among the major attractions.

Govt moves to regulate pastors’ wealth

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However, Lokod clarifies that the proposed policy does not target any church and is not intended to curtail the freedom of worship as enshrined in the Constitution

Gold Trust Bank sale agreement was signed two weeks before seizure — MPs

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Auditor General John Muwanga revealed that BOU sold the bank to dfcu without internal guidelines, regulations or policies in place to guide the identification of the buyer and valuation of the assets.

Niche banks under watch — Central Bank

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While some banks have been making losses for the last three years, the Central Bank has ensured that they do not present a threat to the sector

First Glimpse on Uganda Airline, Everything on track

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Azuba says the Government has paid a commitment fee of $100,000 on each of the four planes and another $400,000 for the Airbus A330 series.

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