Block 15
Tough Times For Ugandans As Central Bank Moves To Restrict Money In Circulation
On July 6, Bank of Uganda held an emergency monetary policy committee meeting and decided to increase the central bank rate (CBR) by one percentage point to 8.5%, the highest since the country got hit by COVID-19. The Bank had in June this year raised the rate by a percentage point. Previously, the Bank had…
Tycoon Sudhir Family Showers Muslim Community With Eid Blessings
Uganda’s richest man Dr. Sudhir Ruparelia and family has joined millions of Ugandans to wish a marvelous Eid al-Adha celebrations for the Muslim fraternity that is celebrated today. Through his social handles, Sudhir on behalf of his family shared, ”Wishing all of you a blessed Eid al-Adha From – Dr Sudhir & Jyotsna Ruparelia, Rajiv, Naiya…
PROFILE: Who Is Jennifer Bamuturaki, The Newly Appointed CEO of Uganda Airlines?
On Wednesday, Jennifer Bamuturaki was appointed as the new Chief Executive Officer for Uganda Airlines. A letter dated 5th July 2022 to the chairperson of the Uganda Airlines board, the Works and Transport Minister, Gen. Edward Katumba Wamala, confirmed that Bamuturaki had been appointed as the airline’s substantive CEO. According to Gen Wamala, Ms Bamuturaki’s…
Court Orders Prisons Service To Physically Present MP Ssegirinya For Trial
The Buganda Road Chief Magistrates Court has ordered the Uganda Prisons Services to produce Kawempe North Member of Parliament Muhammad Ssegirinya in court for his trial. The order was issued by Chief Magistrate Gladys Kamasanyu after a poor internet connection from Kigo prison disrupted the hearing of a case in which Ssegirinya is charged with…
Joint Security Probe 33 Roadblocks Erected By Men In Military Uniform
Joint security agencies are probing 33 roadblocks mounted by men donned in army attires on various roads across the country in the last two months orchestrating robberies. A number of people have reported incidents of robbery involving gunmen in army uniforms during night hours. Senior security sources have revealed that currently, 33 robbery roadblocks have…
NUP Unveils New Party Headquarters In Kampala
The opposition National Unity Platform (NUP) party has unveiled plans for the construction of their new headquarters that will be situated in Makerere Kavule, Kawempe division in Kampala. This was during the groundbreaking function held on Tuesday, July 12, 2022, in Kampala. Speaking at the event on Tuesday, NUP President Robert Kyagulanyi alias Bobi Wine…
Big Story: Victoria University Vice-Chancellor Meets Speaker Anita Among, Discuss Means Of Improving Uganda’s Education Sector
The Vice Chancellor of Victoria University Dr Lawrence Muganga and the University senior management team have today met the Speaker of Parliament Anita Among to discuss possible ways of improving Uganda’s education sector. Dr Muganga was accompanied by his Deputy Vice Chancellor Prof. Augustine Osamor Ifelebuegu, the University’s Head of Marketing Mr.Businge Conan Daniel and…
Richest Men In Uganda 2022 – Top 10 List You Should Know
The last two years have disrupted many things including the wealth of the rich class. The 2022 wealthy list favours those who invested in technology, real estate, health, food, logistics etc. Uganda’s new list of the wealthiest, according to sources, has also changed tremendously with big names such as Patrick Bitature, Charles Mbire, among others,…
DAVID MAFABI: Embattled BoU Officials Who Closed & Fraudulently Sold Crane Bank Should Account Individually
The Supreme Court decision directing that Crane Bank Ltd be reverted to its owners has raised a lot of mixed feelings, for it comes with a legal and cost implication which in one way or another will affect the ordinary Ugandan. The costs associated with the case will naturally be forked from the consolidated fund…
Big-hearted Mogul Sudhir Ruparelia Donates Sh20m, Ambulance To Nsambya & Nsangi Rotary Clubs
Uganda’s richest man, Dr. Sudhir Ruparelia through his giving arm ‘The Ruparelia Foundation’ on Sunday, July 10th donated Shs10 million and a new ambulance worth millions to the Rotary Club of Nsangi towards the construction of a hospital. Sudhir, also the chairman of Ruparelia Group and an Honorary Member of the Rotary Club of Muyenga…