Hannington Mbabazi, Author at 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

Crime

65-Year-Old Private Security Guard Commits Suicide

Police in Bulambuli district is investigating circumstances under which a 65 year old private security guard hanged himself and died instantly. William Matsanga, a resident of Buwanyanga village, Buwanyanga sub county in Bulambuli district was today morning found hanging dead on a

May 17, 2022

Education

Uganda National Institute For Teacher Education Delays To Take Off

The proposed Uganda National Institute for Teacher Education-UNITE has failed to kick off. This is a specialized higher education institute for teacher education mandated with the supervision of teacher education programmes in all higher institutions As part of the initiatives to raise

May 17, 2022

Crime

Four Suspects Remanded For Financing Terror

The Buganda Road Magistrates Court has remanded four suspects to Luzira prison on charges of belonging and rendering support to a terrorist organization, the Allied Democratic Forces. The suspects include; Rashidah Namiiro, a resident of Kirokole zone in Kawempe, Kampala district, Saidi

May 17, 2022

Lifestyle

Vumbula Uganda Set To Take Fun To Jinja After Successful Kampala Festival

Following the huge success of Vumbula Uganda Festival that registered a recordbreaking crowd and left many yearning for more at Uganda Museum, Vumbula Uganda has come out to announce its next event dubbed, ‘Vumbula Jinja’. Vumbula Jinja, an expedition that’ll bring together

May 16, 2022

Business

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

May 16, 2022