Uganda’s Power Distributor, Umeme Limited has proposed a revision of the Electricity Connections Policy (ECP) to allow capable customers shoulder the full payment for connection since government ran short of funds for the policy. Speaking during a briefing organised by the power distributor, Mr Selestino Babungi, the Umeme managing director, said the energy sector is…
The Uganda Revenue Authority (URA) and Uganda National Bureau of Standards (UNBS) are on spot for allegedly abetting and or colluding with businessmen who are smuggling tonnes of Kenyan salt into the country and reaping abnormal profits after evading taxes worth hundreds of millions of shillings. Our sources reveal that licensed dealers of salt in…
Government Chief Whip, Ruth Nankabirwa has advised Ugandans to forget about not paying their rent arrears for the months the country was under lockdown. She instead promised to ask government to come up with an affordable credit facility which can help the tenants to overcome the challenges of the COVID-19 pandemic. This is after Speaker…
Parliament of Uganda has approved Shs868b for the construction of a host of roads around the country. The roads are Namugumba – Budadiri – Nalugugu (29km), Katuna – Muko -Kamuganguzi road (104km) and Laropi – Moyo – Afoji (Sudan border) which is 37km. Making a case for the loan, the Vice Chairperson of the Committee…
The government of Uganda has set up new investigations into which city businessman Sudhir Rupaleria is alleged to have taken approximately Shs 340 Billion out of defunct Crane Bank for personal ventures. Bank of Uganda intends to appeal to the Supreme Court to make a case whether it has powers to sue Sudhir. If the…
The Central Bank of Uganda has finally given up asked owners of the unclaimed certificates of land titles of former defunct banks to apply and reclaim them. The unclaimed certificates of over 21 land titles were advertised on Wednesday August 5, 20220 by BoU after very many others were allegedly stolen by bank officials or…
Due to the continued refusal by the manufacturers to pay for the tax stamps, Government of Uganda (GoU) is looking at Shs 340 Billion Shillings to be paid to SICPA a company it out sourced to supply the Digital Tax Stamps. This means that 1 billion per day of tax payer’s money will be allocated…
British police have carried out their biggest operation ever, arresting “iconic” figures and smashing thousands of conspiracies including murder plots after infiltrating a communications service used by criminals. The National Crime Agency (NCA) said the cracking of the encryption used by EncroChat, which offered a secure mobile phone instant messaging service and was used by…
Dr. Atingi-Ego has assumed his role as the Deputy Governor, Bank of Uganda on August 03, 2020 following his appointment by His Excellency Yoweri Kaguta Museveni on 23 April, 2020. He replaces Dr. Louis Kasekende, whose contract expired in January and wasn’t renewed. Dr. Atingi-Ego is a seasoned Economist who has served in several capacities…
Rwandan airports on Saturday reopened to international travellers, more than four months after the central African nation suspended commercial passenger flights to mitigate the COVID-19 outbreak. The suspension didn’t affect cargo and emergency flights. Tourists travelling by charter flights had been allowed to enter the country that is famous for mountain gorilla tracking since June…
