Recent News
Traders Threaten To Close Shops After Meeting Museveni Over EFRIS
The leaders of traders’ associations have threatened to lock down their businesses again, displeased with the outcome of the Kololo meeting with President Museveni. They argue that President Museveni did…
KCCA Snores As Motorists Decry Poor State Of Sir Apollo Kaggwa Road
KAMPALA, UGANDA: The sorry state of the stretch between Caltec Academy school and Hot loaf bakery along Sir Apollo Kaggwa road has irked motorists. Sir Apollo Kaggwa road stretches from the…
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Malawi Progresses With Cannabis As Uganda Continues To Snore
The southern African nation of Malawi passed the legislation to legalize cannabis in February 2020 and in August the same year the Cannabis Regulation Act, 2022 came into force. Malawi’s progress comes at a time many countries on the African continent like Uganda are hesitating to venture into the cannabis trade. And now, in a…
Parliament Secures Office Space For New MPs At Kingdom Kampala Building
The Parliament of Uganda has secured office space for new MPs at the Kampala Kingdom building as a business for the 11th Parliament takes shape. The 11th Parliament has 529 MPs who were all sworn in last week and are ready to transact Parliament business with immediate effect. According to Helen Nanteza Kawesa, the assistant…
Double Loss: Court Trashes Simbamanyo Estates Loan Case Appeal With Costs
The Court of Appeal in Kampala has dismissed with costs, an application in which the proprietors of Simbamanyo Estates Ltd had sought to halt the auctioning of its prime properties in Kampala which was meant for Equity Bank Ltd to recover outstanding loans worth $10.8 million (about Shs40 billion). Justice Christopher Madrama ruled that Simbamanyo…
What Next For Sudhir & Staggering BoU, Two Months after Landmark Ruling in Crane Bank case
The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of the decision on the national Treasury and on Ugandans generally, while…
OP-ED: President Museveni Made a Perfect Decision To Travel With Mogul Hamis Kiggundu To UAE
On Sunday 15th January 2023, H.E President Yoweri Kaguta Museveni departed Entebbe to the United Arab Emirates (UAE) for a three-day working visit. The President met different groups of investors interested in doing business in Uganda in the field of Oil and Gas, Agro processing, Electricity, real-estate among others. He also attended the Abu Dhabi…