July 2022 - Page 12 of 14 - Thecapitaltimes

INFLATION: Stranded BoU Raises CBR To 8.5 Percent

Bank of Uganda has decided to raise the Central Bank Rate by a percentage point to 8.5 percent as part of emergency measures against the spiraling inflation. This was decided at Tuesday’s emergency Monetary Policy Committee meeting called by the Central Bank Deputy

July 6, 2022

Business

It’s a Lucrative Business Which Only Few Ugandans Know About: Tycoon Rajiv On Pet Business In Uganda

Visionary tycoon Rajiv Ruparelia who many describe as Uganda’s economy explorer for his lucrative investments in various sectors has bemoaned the fact that only a few Ugandans have tested on profits from animal (pets) business opportunity. A pet, or companion animal, is

July 6, 2022

Business·Crime

Inside Sudhir’s Legal Team Against BoU: Meet The KAA Lawyers That Have Triumphantly Floored Bank Of Uganda – The Most Ruthless Regulator

Every case is as good as its legal strategy and every legal strategy is as good as the team on it. To defend himself against a UGX397 billion (USD106 million) suit from Bank of Uganda, arguably one of Uganda’s most feared, ruthless

July 5, 2022

News

UPDF Officer Col. Nyakaisiki Carol In Trouble For Allegedly Conniving With Judicial Officers To Frustrate Widow, Grab Late Brother’s Property As Widow, Orphans Languish

Lt. Col. Nyakaisiki Carol Basalisa, who is involved in a bitter property wrangle with her relatives, has landed in hot soup after it emerged that she is using her position as a Uganda Peoples Defence Forces (UPDF) officer to intimate and take

July 5, 2022

Business·Uganda·World·World News

World Bank: Russia-Ukraine War Dampens Uganda’s Economic Growth

New global shocks and the impacts of the Russia-Ukraine war has dampened Uganda’s economic growth prospects amidst the waning coronavirus pandemic and full re-opening of the economy and a clearer outlook for oil production following signing of the Final Investment Decision in

July 5, 2022

Business·Uganda·World

World Bank, UBOS To Release Joint Statement On ‘Middle Income’

The Uganda Bureau of Statistics-UBOS and the World Bank have disagreed on the methodology used in determining the country’s economic status. They will however release a joint statement in the next 24 hours on Uganda’s status. In his State of the Nation

July 5, 2022

Education

UNATU Calls Off Teachers Strike

Teachers under Uganda National Teachers’ Union-UNATU have agreed to call off the teachers’ strike. The decision was taken on Monday evening after a meeting between UNATU leaders and President Yoweri Kaguta Museveni at Kololo Ceremonial Grounds. During the meeting, UNATU presented their

July 5, 2022

Politics

It’s Okay To Appoint Judges In Acting Capacity – Attorney General

The Attorney General Kiryowa Kiwanuka has asked the constitutional court to dismiss an application challenging the president’s decision to appoint 16 High Court Judges in acting capacity. On May 25th, 2022, the Judicial Service Commission issued a press statement indicating that President,

July 5, 2022

Crime·Health

Man Who Slapped Minister Ecweru Sent To Butabika For Treatment

The man who recently slapped the Minister of State for Works, Musa Ecweru has been sent to Butabika National Referral Mental Hospital for treatment. The 39-year-old Emmanuel Okurut was sent to Butabika Hospital on Friday. It followed his arrest last week for

July 5, 2022

Crime·Security·Uganda

Over 30 Asian Nationals Arrested In Kampala Without Working Permits

The joint security force of Police and the Directorate of Citizenship and Immigration over the weekend arrested more than 30 Asian nationals in Kampala City without working permits. The individuals mostly of Indian, Pakistani, and Chinese origin were arrested for working in

July 5, 2022