Block 7
I Will Definitely Buy Shares – Tycoon Sudhir Ruparelia Endorses Airtel IPO
Billionaire businessman, as well as the largest Ugandan and individual equities investor on the Uganda Stock Exchange, has endorsed the Airtel Uganda IPO, saying that it is a good buy. He made remarks while Speaking to the CEO East Africa Magazine on the sidelines of the Airtel Uganda launch of its IPO prospectus, Dr. Sudhir…
City Con Man Remanded For Duping Kenyan Investors Shs 1.3Bn
The KCCA Chief Magistrates Court has charged Rusoke Elijah Martin with Obtaining Money by False pretence and Conspiracy to Commit a Felony and consequently remanded him until September 12, 2023, when he will come back to court for mention of his case. Rusoke is part of a group that allegedly defrauded Kenyan investors of over…
UPDF,FARDC Hold Special Meeting To Evaluate The Progress Of Operation Shujaa
The meeting was held on August 30, 2023, between the Commander of the Defence Forces (CDF), Gen.Wilson Mbadi Mbasu, of the Uganda People’s Defence Forces (UPDF), and his counterpart, Chief of General Staff, Lt. Gen. Christian Tshiwewe Songesa of the Armed Forces of the Democratic Republic of the Congo. This meeting is part of the…
M7 Tasks Retired UPDF Generals To Invest In Retirement Package Wisely
President Yoweri Kaguta Museveni,who doubles as the Commander In Chief of the Uganda People’s Defence Forces (UPDF) has advised the retiring senior army officers to invest their retirement package wisely. “This retirement does not regard it as becoming redundant now, no, not at all. This is like a mutation; from one form of service to…
Two Perish,17 Injured As Perfect Coach Overturns In Lwengo
On Thursday, August 31, 2023, police in greater Masaka reported an accident involving a Perfect Bus that claimed two lives and injured 17 others. According to the police statement, the accident happened at Nkoko stage, Mudala-Katovu Sub County, in Lwengo district, along the Masaka-Mbarara highway. Twaha Kasirye, the southern police spokesperson in greater Masaka, confirmed…
Security Recovers Three Guns From Karamoja Warriors
In a bid to maintain law and order, the security forces managed to recover three firearms, including gun number 50292 with 5 rounds, SMG rifle registration number 11253 with 5 rounds, and gun number 38110 with zero rounds, from the South Karamoja region. According to IP Longole Mike the acting Mt Moroto Regional Police Spokesperson,…
Min.Ogwang Assures Parliament Of Gov’t’s Regulations On Excessive School Fees Charges
The Minister of State for Sports, Hon. Peter Ogwang has in a statement to Parliament communicated government’s intervention against exorbitant school fees and requirements. During the plenary sitting of Wednesday, 30 August 2023, Speaker of Parliament, Anita Among raised concern about the unilateral increment of fees by school administrators. Speaker Among demanded for government…
KCCA Gives Out 3,750 Chickens To People With Disabilities
The Kampala Capital City Authority (KCCA) has given at least 3,750 one-day-old broiler chicks to people with disabilities in Kampala in an effort to increase household earnings and encourage urban gardening. The distribution took place at Old Kampala Secondary School on Monday, August 28, 2023, as part of the National Agricultural Advisory Services (NAADS) program.…
M7 Commissions Concrete Railway Sleeper Factory In Lugazi
President Yoweri Kaguta Museveni has commissioned a factory manufacturing concrete Railway Sleepers to be used on the ongoing construction project of the railway lines. The concrete railway sleepers will be used for the construction of the SGR and MGR. While inspecting the factory at Kawolo-Lugazi, the president applauded Imathia Construction and the Uganda Railways Corporation…
Security To Resume Forceful Disarmament Operations In Karamoja
The joint security forces have revealed that they are set to commence forceful disarmament of armed Karamajong youths commonly known as ‘Karacunas’ who have not embraced the presidential amnesty through voluntary disarmament. According to security, despite the ongoing sensitization about the presidential initiative on voluntary firearm surrender without prosecution, the success has been uneven across…