Hannington Mbabazi, Author at Thecapitaltimes

Staggering BoU Exposed For Raising CBR, Banks Told To Cut Interest Rates

The State Minister for industry, David Bahati is not happy that commercial banks in the country continue to raise their prime lending rates blaming it on the ‘rising’ inflation, which he said, is just one of unjustifiable excuses they are using to

September 1, 2022

Security

Museveni Retires 48 Army Generals

President Yoweri Museveni, the Commander In Chief of the armed forces has retired 48 generals of the Uganda People’s Defense Forces at a ceremony held at State House Entebbe, Wednesday. General Elly Tumwine, who died last week and was buried on Tuesday

September 1, 2022

Crime

Family Sues JARO Hospital For Holding Son Over Medical Bills

Jaro Hospital is in trouble for allegedly detaining Robert Ssentongo, a 15-year-old boy due to failure of his family to clear a medical bill of Shillings 4.8 million. The teenager’s family has dragged Jaro Hospital, Kyaliwajjala to the High Court Civil Division.

September 1, 2022

National News

Over 1,000 Displaced By Floods In Bukedea District

More than 1,000 people have been displaced by floods in Kamutur sub county, Bukedea district. The floods have also washed away 344 pit latrines and more than 12,000 gardens after River Atari burst its banks on Monday. Joyce Chemeri, a resident in

September 1, 2022

Business

Uganda, Tanzania Renew Commitment To Secure EACOP

Senior officials from Uganda’s petroleum authority (PAU) and Tanzania’s energy and water utilities regulatory authority (EWURA)—the agencies that have regulatory powers over the oil industry in the two countries—have renewed their commitment to secure the East African Crude Oil Pipeline (EACOP). The

September 1, 2022

Business

Demand For Credit Slows With Raising Interest Rates

The banking industry has defended its changing mode of operation which sections of the public describe as less friendly, saying they have learnt from the effects of global shocks on the businesses and economies generally. In recent times, Bank of Uganda has

September 1, 2022

National News

UGX 7 Trillion Locked Up In Commercial Court Disputes: Chief Justice

The Chief Justice Alfonse Owiny-Dollo has said that about seven trillion shillings is locked up in undissolved disputes before the Commercial Division of the High Court. Owiny-Dollo revealed this while delivering the Annual Performance Report of the Judiciary at the High Court

September 1, 2022

Business·National News

Corporate Social Responsibility: TotalEnergies EP Uganda Equips Project Affected Persons in Buliisa

TotalEnergies EP Uganda has this week reiterated its commitment to supporting sustainable and inclusive economic growth through income generating activities by the Tilenga project community. The company has provided start-up kits to Project Affected Persons (PAPs) under Resettlement Action Plan 1 (RAP

September 1, 2022

Entertainment

Why Dolphin Suites Is Your Answer For a Marvelous Wedding This 2022

Dolphin Suites, managed under the Speke Group Of Hotels a Ruparelia Group Company is undoubtedly the only venue in Uganda that will host your wedding in the most precious way at relatively favorable rates this 2022. Located in Bugolobi a suburb of

August 31, 2022

Business

DFCU Bank Records 51% Decline In Half Year Profits

Dfcu Limited has recorded a 51 per cent drop in profitability for the first six months this year, according to its half-year financial results for the period ended June 30, 2022. The bank reported Shs18.7 billion in net profits after tax compared

August 31, 2022