As Africans, land and real estate are often our most popular investment options. And that’s okay. Followed closely by more formal options such as good old stocks, treasury bonds, T-bills, and fixed deposits. Now here’s the thing. These investment options are often big-ticket investments and require a significant cash outlay from investors. This means first-time…
The Deputy Speaker of Parliament Rt. Hon Anita Among has on Wednesday November 10, 2021 met with the parliamentary forum on mental health, the mental health working group, and officials from the ministry of health to discuss how the mental health challenges can be addressed. The delegation to Parliament was headed by Dr. Kenneth Kalani…
The police are examining documents left behind by missing female Eritrean players to ascertain whether they had links with the established Eritrean communities in Uganda. Last week, five Eritrean players went missing from their camp at Sunset hotel international in Jinja. They were part of the Eritrea squad playing the Cecafa Women’s Under-20 Championship, which…
Tororo Woman Member of Parliament Sarah Opendi has secured leave of parliament to introduce the surrogacy bill. Surrogacy is an arrangement where a woman agrees to carry a pregnancy for another person who will or become the actual parent. The proposed law will look at sperm donors and legalities to do with surrogacy among others.…
Uganda can work with the Democratic Republic of Congo to defeat the Allied Democratic Forces-ADF rebels wrecking havoc in the expansive central African nation, President Yoweri Museveni has revealed. He was meeting a delegation from the United States of America led by Howard G. Buffet, the Chief Executive Officer of Buffet Foundation, a philanthropist and…
The Minister for Agriculture, Animal Industry and Fisheries, Frank Tumwebaze is discouraging donors from giving his ministry cash. Tumwebaze said cash donations are tempting and also items to be procured could take longer because of the procedures that must be taken such as domestic and international bidding among others. He made the statement on Tuesday…
The Bank of Uganda (BoU) has granted an operating licence to I&M Bank (U) Ltd to begin operating in Uganda after changing its name from Orient Bank. The Nairobi-based financial Group announced that the rebrand comes after the I&M Group’s successful acquisition of a 90 per cent shareholding in Uganda’s Orient Bank Ltd on April,…
The Gulu district Covid-19 taskforce targets to vaccinate up to 23,496 people against Covid-19 in a month-long drive that kicked off last week. The District Health Department received 2,318 doses of the Sinovac, 2,506 doses of Moderna and 20,990 doses of AstraZeneca vaccines. Unlike Sinovac whose shelf life goes beyond a year, Moderna and AstraZeneca…
BoU lead counsel Margaret Kasule and her team are in what one would term as catch 24! because look, having signed a decree at the Court of Appeal on August 6, 2020, in which they obliged to pay in billions of shs, the legal costs for their victims Dr.Sudhir Ruparelia, the majority shareholder in the…
The Supreme Court has said it will at a later date rule on who between Bank of Uganda (BoU) and Crane Bank in receivership pays the legal costs to businessman Sudhir Ruparelia in the multibillion commercial dispute. This follows submissions by Mr Ruparelia’s lawyers led by Peter Kabatsi yesterday, asking the justices of the Supreme…
