Block 15
What Rwanda’s Legalization of Cannabis Production Means To Her Economy As Ugandan Govt Ignores Potential Local Investors
The New Times Newspaper, a Rwandan media outlet last week reported that the East African country had secured over 134 hectares to aid the production and growing of medical cannabis, providing a huge step as the country moves to reap big from the lucrative medical plant. Last year on October 12, 2021, the Rwandan cabinet…
Big Storm: How DFCU Bank Was Dragged Down By Crane Purchase As Other Banks Report Stellar Profits
While Uganda’s banking sector recorded strong financial results for 2021, the Development Finance Company of Uganda (DFCU) Bank continues to reel from its acquisition of Crane Bank in 2017 and the fallout from the Covid-19 pandemic. The third-largest domestic bank in Uganda in terms of assets recorded a 46% drop in profit to USh9.3bn ($2.6m)…
Mogul Sudhir Ruparelia Shares Business Tips For The New-Normal Uganda, Tip 5 Will Surprise You!
It is no rumor that Dr. Sudhir Ruparelia is renown for his success in business and in the current global recession phase, UNECA estimates that the pandemic may result in 78% decline in GDP growth, from 3.2% to 1.8%. However, Dr Sudhir Ruparelia, has given his insights in one of the safest businesses to venture in…
Tycoon Charles Mbire Acquires More Stake In MTN
Businessman Charles Mbire has bolstered his stake at MTN Uganda after acquiring an additional 2,263,930 shares in the telecom company at a total cost of Shs 459,907,621.00 on the Uganda Securities Exchange. The purchase which took place on August 22 was evidently the signature activity of the day, on Uganda’s Securities Exchange where MTN is…
Thank You So Much For Being a Supporting Partner – Mrs. Jyostna Heaps Praise on Dr. Sudhir Ruparelia after Successful Kamuli Eye Camp
Mrs. Jyotsna Ruparelia, the wife to Kampala Businessman Dr. Sudhir Ruparelia has heaped praise onto her husband for always being very supportive in her endeavors after a successful eye medical camp held in Kamuli over the weekend. Ms. Jyotsna, a born of Kamuli district was among the organizers as the Ruparelia Foundation on Saturday the…
Victoria University Fronts East Africa’s Top Musicians & Comedians To ‘Level Up’ Its 6th Graduation Ceremony
Victoria University has unveiled a VU Grad Festival – Level Up which will mark its 6th Graduation Ceremony to be held at Speke Resort Muyonyo. According to the University, the event will take place on 3rd September 2022 with all East Africa’s top entertainers and musicians. ”This graduation ceremony is indeed a festival. It’s going…
Victoria University Hails President Museveni for Granting them Charter
Victoria University has appreciated President Museveni for granting them a charter. “As Victoria University, we believe that this charter is a confirmation that we are a leading University in Uganda, East Africa, and Africa in offering Experiential and Work Integrated Learning. We are determined to produce graduates with employable skills and capacity to creatively employ…
“If They Don’t Comply, The Council Will Take Appropriate Action”- Govt Orders 32 Varsities To Acquire Charter Or Lose License
The government has asked 32 private universities to acquire a charter or have their operational licences revoked. A charter status is the highest licence from the universities’ regulator, only granted by the head of State. The executive director of the National Council for Higher Education (NCHE), Prof Mary Okwakol, said about 32 private universities will…
Victoria University Partners With Stanbic Bank To Give Laptops To Students On Loan
Victoria University has partnered with Stanbic Bank Uganda to enable students acquire brand new laptops on credit. The much sought-after financing scheme was launched Monday August 22. According to Stanbic Bank Uganda Executive Director Emma Mugisha, the arrangement will provide student financing for the purchase of laptops to enable learners carry out their research projects…
Malema Congratulates Ruto, Asks Raila To Concede Defeat
Leader of South Africa’s Economic Freedom Fighters party Julius Malema has yet again asked Azimio presidential candidate Raila Odinga to concede defeat. He has told the ODM leader not to go down in history as one who was desperate for power. Raila has unsuccessfully contested for the presidency five times. “Mr. Odinga must humble himself and…