The President of the Republic of Uganda H.E Yoweri Kaguta Museveni will on Friday 19, 2021 address the Nation on the current Covid-19 situation and related matters. According to the Senior Presidential press secretary Lindah Nabussayi Wamboka, the address at 8pm will be live on all Television and Radios. “President @KagutaMuseveni will on Friday 19,…
By Ben Ssebuguzi Kampala: If you read and analyse well President Museveni’s letter to CEC about land, you will realize that NRM is the only party that was founded on the principal and doctrine of empowering Ugandans at the grassroots level who the bakoopi (peasants). The President used his benevolence and tenderness to remind the…
Victoria University Kampala (VU) has announced an offering of two special categories of scholarships awarded to students with financial challenges as a bailout to parents and guardians hit by the covid-19 pandemic effects. In the two special scholarship categories, VU says the first scholarship offered at 60% offered through Ruparelia Foundation as a COVID-19 relief…
In January 2017, Crane Bank was acquired by DFCU Bank at a cost of Shs200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda. Crane Bank whose proprietor is businessman Sudhir Reparelia remained open under statutory management until most of its assets and liabilities would be transferred…
It is the Supreme Court that will determine the costs to be paid to city businessman Sudhir Ruparelia by Bank of Uganda (BOU) in the long-running legal battle between the tycoon and his Meera Investments Ltd and the central bank, resulting from the closure of Crane Bank Ltd. Both the High Court and the Court…
According to a couple of letters seen by this website, the Ministry of Finance, Planning and Economic Development (MoFPED) finally came to a conclusion of transferring government’s 25% shares held in the Commonwealth Resort, Munyonyo to Uganda Development Corporation (UDC). For our first time readers, the Government, through MoFPED, holds 25 percent of the shares…
Thousands of mourners who trekked to Serere district to pay their last respect to the fallen former Deputy Governor of Bank of Uganda, John Robert Elangot were shocked to learn that the 87- year- old man died before receiving his pension. Elangot died on November 6, 2021 at Kampala Hospital after suffering a stroke, brain…
Two Ugandan soldiers accused of killing seven Somali civilians in August while serving under the African Union peacekeeping mission (AMISOM) have been sentenced to death while three others to 39 years each in jail after being found guilty by a court-martial. AMISOM said the Court Martial which sat from November 1-12 in the Somali capital…
President Yoweri K. Museveni has pledged the country’s continued friendship with India, its people, and the Indian Community in Uganda. He said this in the meeting with India’s Minister of State for External Affairs V. Muraleedharan. During their meeting, the two countries agreed to a partnership to provide affordable solar power and promote rural power…
Former Simbamannyo building has been officially changed to Gender & Labour House-our sources have disclosed. The multibillion building that is under the management of Meera Investments Ltd also a real estate arm of tycoon’s Ruparelia Group, houses the Ministry of Labor, Gender, and Social Development thus the new name. According to our sources, the final…
