Block 1
Parliament Approves UGX1.2 Trillion Loan For Electricity Connections
The Parliament of Uganda has approved another request by the Government to borrow up to US$331.5 million approximately Shillings 1.242 trillion from the International Development Association– IDA of the World Bank Group to support the electricity access scale-up project. The legislators passed the unanimous resolution following a motion moved by the Minister of State for…
Uganda Coffee Exports Generates Record US$876.4 Million
Uganda’s coffee exports generated a record US$876.4million in revenues for the just concluded 2021/2022 coffee year that ended on September.30. This represents a 39% increase in revenues compared to the previous year despite a decline in export volumes. Latest statistics from the state-owned Uganda Coffee Development Authority (UCDA) shows that the East African nation exported…
“Banks Are a Good Source Of Start-Up & Expansion Capital But Not For Long-Term Sustainable Progress” – Businessman Hamis Kiggundu Tips Ugandans
Uganda’s prominent businessman Hamis Kiggundu alias Ham has advised upcoming Ugandan entrepreneurs not to fear using banks for growth and starting up businesses. He, however, cautioned them not to ever rely on such loans as a long-term sustainable muscle of their business expansion because banks will always feast on their businesses since they are driven…
Museveni Warmly Welcomed In Vietnam As He Kicks Off 3 Day State Visit
The President of the Republic of Uganda Yoweri Kaguta Museveni has arrived in the Socialist Republic of Vietnam for a three-day state visit at the invitation of his counterpart President Nguyễn Xuân Phúc. At Noi Bai International Airport in Hanoi, the capital of Vietnam, H.E Museveni was received by the Chairman Office of the President…
Meet Rajiv Ruparelia; One of The Youngest Richest Ugandans Who Will Inspire You To Work Hard
Just like his billionaire father Dr. Sudhir Ruparelia, Rajiv Ruparelia was born in Uganda on January, 2nd, 1990. He is a graduate of Financial Management from Regents College London. Rajiv manages several family businesses. He is currently serving as the Managing Director of the Ruparelia Group and he is responsible for developing sound business strategies…
Parliament Receives Special Audit Report On COVID-19 Spending
The Speaker of Parliament, Anita Among, has asked the Office of the Auditor General to shift focus to value for money audits, which she said makes more accountability sense in light of the shift to a programme-based approach to budgeting. Speaker Among was meeting the Auditor General, John Muwanga, who presented to her a report…
Govt Halts UGX4 Billion Compensation Package For Bush War Veterans
The government has halted the Shillings 4 billion compensation to veterans pending a probe into reports of fake claimants. For decades, the government has been paying veterans for their contribution to the National Resistance Army war of 1981-1986 that ushered in the current regime. However to date, hundreds of veterans are waiting patiently for their…
Full List of World Cup Matches That UBC TV Will Broadcast
UBC TV Uganda has released the list of 28 of 64 Qatar World Cup 2022 matches that they will telecast live. The national broadcaster will relay eight matches on each of match day 1, 2 and 3; half the matches of the Round of 16 and quartefinals; and most importantly, will have all the semifinal…
Parliament Moves To Investigate Errant Labour Export Companies
The Speaker of Parliament, Anita Among, has tasked the Committee on Gender, Labour and Social Development, to work with the line ministry to investigate companies involved in the export of labour to the Middle East. This follows the rampant and unclear deaths of many casual labourers, especially girls working in the Middle East. The Woman…
Speke Resort Munyonyo Nominated for Ekkula Tourism Award Under Best Luxury & Business Hotel
Speke Resort Munyonyo has been nominated for the 2022 Ekkula Tourism Award under the category of Best Luxury and Business Hotel. A beautiful and luxurious resort seated on the shores of Lake Victoria, it is part of Ruparelia Group of Companies which is owned by businessman Sudhir Ruparelia. Ekkula is a Ugandan local word implying…