May 2022 - Page 6 of 13 - Thecapitaltimes

Parliament Rejects 5-year Income Tax Exemption On Bujagali, Orders Forensic Audit

Members of Parliament have declined to approve tax exemptions for companies, pending a report on its efficacy, allowing a one-year exception to the Bujagali Hydropower Project, which they have also placed under scrutiny for apparent false accounting. Bujagali, which sought to have

May 19, 2022

Business

Museveni To Address Ugandans On Skyrocketing Prices This Sunday

President Museveni is expected to address the country this Sunday at 8pm as Ugandans expect a glimpse of hope amid skyrocketing prices of fuel and essential commodities Ms. Lindah Nabusayi, the Senior Presidential Press Secretary confirmed this in a Thursday morning tweet

May 19, 2022

Business

Ministers, Land Commission Liable For Naguru-Nakawa Land Saga

Parliament has adopted recommendations of the Ad hoc Committee on the Naguru-Nakawa land holding several current and former ministers and the Uganda Land Commission liable for the illegal land dealings. The report presented by Committee Chairperson, Hon. Dan Kimosho on 18 May

May 19, 2022

Business

Parliament Directs Govt To Terminate Vinci Coffee Deal

Parliament’s Committee on Trade has directed government to terminate an agreement it signed recently with Uganda Vinci Coffee Company Limited. Parliament has described the agreement as illegal and demanded that “officials who committed Government to such illegalities should be penalized as a

May 19, 2022

Business

A Sneak Peek Into Sudhir’s Ruparelia Group of Companies, Here Are Businesses Under the Conglomerate

Since its inception, the Ruparelia Group of Companies has been committed to the establishment and development of innovative pioneering and enduring businesses among various sectors in Uganda, including:Financial services, hospitality, conventions and leisure centres, education, real estate, media & advertising, Agriculture and

May 18, 2022

Politics

Speaker Among Lashes At Police Over Besigye’s Brutal Arrest

The Speaker of Parliament, Anita Among has condemned the manner in which the security operatives arrested the former opposition presidential candidate, Dr. Kiiza Besigye saying it was a breach of human rights. “I watched how Dr. Besigye was being arrested, it was

May 18, 2022

Security

Embrace Modern Technology, If Not You Will Perish-M7 Tells Security Officers

Senior and Junior Officers of the Joint Security Forces (UPDF, Uganda Police Force and Uganda Prisons Service) have been urged to insist on the development of science and technology for the social economic transformation of communities. This remark was made by the

May 18, 2022

Crime

Singer Sheebah Karungi Drags Man Who Sexually Assaulted Her To CID

The Directorate of Criminal Investigations has instituted inquiries into the alleged incident of indecent assault against singer Sheebah Karungi, after she formally made her complaint at CID headquarters on Tuesday, May 17, 2022. Police spokesman Fred Enanga said during the interaction with

May 18, 2022

Politics

Dr Besigye’s Illegal Demostrations Can Spark Off Riots,Loot Shops &Theft Of Property-Enanga

Security agencies in Uganda have revealed that the current siege at Col Dr Kizza Besigye’s home is meant to stop him from holding illegal assemblies and processions which they say have potential to spark off riots,looting of shops as well as theft

May 17, 2022

Business

Dfcu Chief Executive Katamba Bows Out As Uganda Bankers’ Association Chair

Members of Uganda Bankers’ Association (UBA) a few days ago held their annual general meeting and elected Sarah Arapta, as the new Chair taking over from Dfcu Bank Chief Executive Officer Mathias Katamba who has served for two years (2020 & 2021).

May 17, 2022