July 2022 - Page 7 of 14 - Thecapitaltimes

Crane Bank Fraud: Why Bank of Uganda Losses In Sudhir vs Crane Bank Left The Banker Of Bankers Naked Beyond Repair

Bank of Uganda (BoU) had a torrid 2017 as the Crane Bank saga weighed on the country’s central bank. What began as an everyday activity to supervise and regulate the banking sector when they took over and subsequently sold Crane Bank to DFCU

July 16, 2022

East Africa·Uganda

“I had never put on a sweater in Africa and here I was; I didn’t have one!. – Sudhir Recounts Memories of Amin’s Expulsion of Asians from Uganda Ahead of 50th Anniversary

On 4 August 1972, the then President of Uganda Idi Amin Dada ordered the expulsion of his country’s Asian minority, giving them 90 days to leave the country. At the time of the expulsion, there were about 80,000 individuals of Indian descent

July 16, 2022

Business

“The future i see is people will have upcountry homes and only do apartments in cities” – Sudhir Advises Youth To Go Into Real Estate Business

Billionaire and Chairman Ruparelia Group of Companies, Sudhir Ruparelia has advised Ugandans to put their money in the real estate business because it’s one of the few businesses that can endure storms of Uganda’s economy. In an exclusive interview with this website,

July 15, 2022

Politics

“You’re Incompetent”- Over 20 EALA Aspirants Sue NRM For Ring Fencing Positions

Twenty-three-23 aspirants have petitioned the High Court to restrain the ruling National Resistance Movement-NRM party from implementing its decision to ring-fence six positions of members of parliament for the East African Legislative Assembly-EALA. The applicants are part of more than 100 people

July 15, 2022

Health

Mulago Hospital Launches Non-invasive Surgery Training Center

Mulago National Referral Hospital has unveiled a non-invasive surgery simulation center, the first of its kind in the country. The hospital administrators say trainees will undergo training at the center on how to conduct minimally invasive endoscopies and laparoscopic surgeries. During such

July 15, 2022

Business·Uganda

Big Story: Government Moves To Amend MoU On Labour Externalization

The government has started a process to ensure that Ugandans employed in the Middle East get similar terms of employment as their counterparts from other countries. This is after it was revealed that the earnings and workload for Ugandans especially those working

July 15, 2022

Education

Authorities Close Mandela Secondary School Over Strike

More than 1,000 students of Mandela Secondary School in Hoima city have been sent home following a violent strike. The students staged a violent strike at 2am protesting poor feeding and administration. According to some of the students who spoke to URN

July 15, 2022

Hot Take

UGX 800M Budget Shortfall Impeded UDC’s Valuation of Roko

Members of Parliament on the Finance committee have learned that Uganda Development Corporation-UDC’s move to carry out a valuation of Roko Construction Limited was unsuccessful after failing to access an 800 million Shillings budget from the Ministry of Finance. Patrick Birungi, the

July 15, 2022

Business

OP-ED: Why Is Government Favouring Foreign Investors Over Local Investors?

By Ojok Smith Gulu: Will government survive fire for favouring foreign investors all the time against local businessmen? Moreover, when this is supposed to be a government by the people and for the people? Currently the government of Uganda is under heavy

July 15, 2022

Crime·Health

Nakawa Accident: Transport Minister Undertakes To Enhance Safety At Railway Crossings

The Government Assurance and Implementation Committee has questioned the Uganda Railway Corporation (URC) over its failure to ensure safety at railway level crossings. This follows a gruesome accident in the wee hours of Sunday 10, July 2022 in which a locomotive rammed

July 14, 2022