Uganda Police on Friday opened investigations into the missing 210kg of gold that were entrusted to a Ugandan Security company Quantico Security Limited for safe-keeping in December 2021 by a Congolese national but went missing under controversial circumstances. We’ve learnt that the Mineral Police has recorded a statement from the Congolese national, Mireille Mnengu, and…
The Government of Uganda has earmarked a total of Shs1.711 trillion as wealth creation funds in the National Budget for 2022/2023 as part of its strategy to ensure economic recovery from the effects of Covid-19 and the current high prices. Finance minister Matia Kasaija, while delivering the budget at Kololo Ceremonial Grounds in Kampala on…
Controversial local businessman Eriya Mubiru has been in the news for weeks now following his arrest in Dubai, United Arab Emirates (UAE). Mubiru was arrested after extorting Shs 2 billion from a UAE businessman. He is still under detention pending investigations into fraud allegations. Mubiru known for obtaining mega contracts from the Ministry of Defense,…
Construction of the Justice, Law, and Order Sector-JLOS house has commenced at Naguru. Two contractors, Seyani Brothers Limited and Semion Uganda Limited are undertaking the construction of the over 256.5 billion Shillings facility on 5 acres of land along Katalima Road. The construction shall be in three phases, with the first phase expected to be…
Bank of Uganda has for the first time in the last two years raised the central bank rate by 1% percentage point to 7.5% to tame inflation, setting the pace for commercial banks to raise interest rates. The country’s commercial banks had in the previous months owed to coronavirus pandemic and slow-down in the economy…
The State House Anti Corruption Unit (SH-ACU) in liaison with Police have arrested two top members of the Departed Asian Property Custodian Board (DAPCB) over fraud-related charges. George William Bizibu, the executive secretary of the board together with his accountant were on Wednesday evening arrested for allegedly obtaining money from various persons purporting to allocate…
The Ministry of Lands, Housing and Urban Development has called for a joint boundary opening survey between Kiham Limited and Buganda Land Board to draw line between public and mailo land. This was resolved in a meeting held at the Ministry of Lands on June, 2nd 2022 which resolved that a final symposium be convened…
Pilgrims are feeling the pinch of the rising commodity prices, with many missing several meals. Fred Muhereza arrived on Tuesday from Isingiro district. He sought to buy drinking water and food when he arrived because he was hungry, but was turned away by the hiked prices. Muhereza says that during the previous celebrations, they used…
Embattled businessman Patrick Bitature has come out to second his sincere apologies to his colleague and long time friend Sudhir Ruparelia. This follows a social media campaign in which Sudhir had been depicted complicit in Bitature’s current financial woes. In the past weeks, the local press clearly showed that Sudhir has a hand in what…
Business has picked up this morning at Namugongo Martyrs shrine according to traders. The most sought-after items include jerry cans, scarfs, rosaries, and other religious items. By 9:00am in the morning, a number of pilgrims were seen buying jerrycans costing between 1,000 and 3,000 Shillings for carrying water from the Martyrs lake at the shrine.…
