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Bye Bye To Simbamanyo: Mogul Sudhir Completes Final Works On Renaming Multibillion Building-Gender & Labour House
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…
President Museveni Meets India’s Min. Muraleedharan, Praises Indian Community & Pledge To Continue The Friendship
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…
Two UPDF Soldiers To Serve Death Sentence For Killing Civilians In Somalia
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…
Former BOU Chief Elangot Failed To Access His Pension
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…
Gov’t Finally Transfers Its Shares In Munyonyo Commonwealth Resort To UDC
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…
BOU-SUDHIR CASE: It Is Supreme Court To Determine Costs As Withdrawal Isn’t Dismissal
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…
Why Sudhir’s Lawyers Want Crane Bank Returned To It’s Original Share Holders
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…
Victoria University Now Offering Two Special Scholarships, See How You Can Get Them
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…
Op-ed: Poor Youth Support President Museveni Empathy To Empower Rights Of Peasants
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…
President Museveni To Address Ugandans On Covid-19 & Security Related Issues
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,…