Daily Archives: August 16, 2021

Strong: Equity Group Holdings PLC Doubles Profitability Validating Its Resilience And Business Continuity Strategy During Covid- 19 Pandemic

Equity Group Holdings Plc has announced a 98% growth in half year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year. Speaking while releasing the results, Equity Group Managing Director and CEO Dr James Mwangi said, “The defensive and offensive strategy adopted by the Group at the onset of the Covid-19 pandemic to…

Teenager Drowns in River Nyamwamba

A teenager has drowned in River Nyamwamba in Kasese district. The Capital Times has learnt that Elias Masereka, a 17-year-old student at Kilembe secondary school drowned on Sunday while trying to repair a makeshift bridge weakened by flooding on Saturday evening and his fellows narrowly survived. Nelson Tumishiime, the Rwenzori East Police Spokesperson said that…

Busted: How Over Shs 90M Emyooga Funds Were Allocated to Wrong Beneficiaries

SERERE: At least Uganda shillings 90 Million meant for Emyooga Program in Serere District has gone to the Hands of the wrong beneficiaries. President Yoweri Kaguta Museveni in August 2019 launched Emyooga Program, a poverty eradication programme meant to transform 68% of Ugandan homesteads from subsistence farming to market-oriented production. The Finance Ministry initially allocated UGX…

KHM International, 10 Other Labour Export Companies Suspended Over Human Trafficking, Forgeries & Gross Extortion

The Government of Uganda through ministries of Internal Affairs and Gender, Labour and Social Development has announced the suspension of 11 external labour recruitment agencies, citing gross forgeries and other abuses such as human trafficking and extortion. The Ministry said some companies had their licences terminated after expiry and over forged documents, while others were…