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Sunday, July 5, 2020

Japanese companies to come to Uganda

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The number of Japanese setting up companies in Uganda is on the rise, the Japanese ambassador to Uganda has said.

Ofwono Opondo says investigation is not about 90 billion extra money but on who...

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Government Spokesperson Ofwono Opondo has dismissed a report that the ongoing investigation into a procurement scam involving the Central Bank involves the printing of...

Ugandan-Made Kayoola Bus ready to hit the market

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What started as a students’ idea at Makerere University is finally set to become a national pride. As...

Mobile money subscription shoots up, banks stagnate

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It is 10 years since the mobile money service was introduced in Uganda by MTN telecom. Following the innovation, other telecommunication companies joined the...

Local private Hospitals to start receiving government loans

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The Government is working out a plan to establish a Medical Credit Fund,

Magufuli advises Museveni to sack URA officials to continue with Oil pipeline

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President Yoweri Museveni and his Tanzanian counterpart, John Pombe Magufuli, disagreed Friday on the East African Crude Oil Pipeline (EACOP) Project, whose future hangs...

Full Details: How Balaam is set to lose shs18 Billion property to South...

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Businessman and events organizer Balaam Barugahara has accused South Sudan military officer Gen. Apollo Richard Kashif of frustrating his sh18.7b investment in...

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...

BOU Saga : MPs demand accountability for sh478b

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MPs investigating the closure of seven defunct banks have asked Bank of Uganda (BOU) to account for sh478b that was purportedly injected...

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.

Bank of Uganda in Spotlight over shs460b capitalization request

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MPs on Parliament’s finance committee have questioned another planned recapitalization of Bank of Uganda (BOU) with sh480b. The...

Museveni Launches Uganda’s largest Solar power plant

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President Yoweri Museveni has commissioned a sh91.4b solar power plant project to benefit rural households, schools and hospitals in the districts of Gomba, Butambala...

Museveni tips Youths on how to get rich on his regime

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President Yoweri Museveni has implored the youth to acquire entrepreneurial skills for job opportunities in commercial agriculture, industries, services, and information &...

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...

BoU Saga: Gov’t & BoU to print New Ugandan currency

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Members of parliament have advised the government to embark on the printing of a new currency in order to save the image...

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 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...

“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...

BOU Saga : National Bank of Commerce sale was negotiated on phone

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Parliament’s committee on commissions, statutory authorities and state enterprises (COSASE) has learnt that the defunct National Bank of Commerce (NBC) was closed...

Lawyer accuses Bagyenda of lying to COSASE

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A top law firm has appeared to contradict the former executive director of supervision for commercial banks at Bank of Uganda (BoU), Justine Bagyenda’s...

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)...

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...

Revamped Namanve industrial park to create 200,000 jobs

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Uganda’s economy is expected to create an additional 200,000 jobs once the impending redevelopment of Kampala Industrial and Business Park (KIBP) at...

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...

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...

Uganda Development Bank to receive Extra shs100b

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Uganda Development Bank The finance committee also revealed that in the next financial year (2020/2021), Uganda Development Bank (UDB) will be...

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...

“She is Misplaced”- Finance, ICT ministries refute Akol’s claims on OTT

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Officials from information and communication technology (ICT) and finance ministries have denied claims by the commissioner-general of Uganda Revenue Authority (URA), Doris...

BoU issues new tough rules to curb on Internal money theft

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Bank of Uganda (BOU) has issued new tough rules after an internal investigation revealed a theft of old currency at its Mbale...

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.

The government gives 60 ICT innovators sh6b

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Many residents of Kampala who have farms upcountry often worry about the health and safety of their herds. Such worries will soon be addressed...

MUK student commits suicide after losing Tuition to Crypto Currency scammers

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Police in Kampala have revealed that the Makerere University student, who was found dead in his hostel room, committed suicide after losing...

Deported MTN ex-boss sues govt

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The former chief executive officer (CEO) of telecommunications company MTN Uganda, Joris Wim Vanhelleputte, has dragged the Government to court, challenging his deportation.

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.

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...

Gov’t loses Gold exports worthy 62Billions

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The Government is counting losses to a tune of about sh62b ($16.95m) in royalties from gold exports from Uganda, according to a new...

Hwan Sung boss sold ghost land

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Police in Kampala are investigating a land fraud case in which suspected fraudsters reportedly connived with officials of the land office at Wakiso district...

Over sh835b misused in 2017-2018

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The Auditor General (AG) has established that over sh835.5b was either misappropriated or misused in the 2017/2018 financial year. The report covering the last...

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),...

Middle East Boss held by Police over fraud and Human Trafficking

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Police are holding managers of labour exporting company – Middle East Consultancy – over allegations of fleecing people of large sums of...

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