Bank of Uganda is seeking the intervention of Parliament to ensure that regulations regarding governance and supervision of the financial sector are given urgent attention. The bank officials made the proposal while meeting MPs from different committees of parliament on Friday. Led by Deputy Governor Michael Atingi-Ego, the Central Bank officials held a workshop with…
Ruparelia Group of Companies have rubbished and distanced selves from circulating malicious allegations that they dump soil into lake Victoria in the construction of Kitubulu, Speke Resort Entebbe project For over week, a video captured by a woman showed soil allegedly dumped near the lake by trucks. However, the Managing Director of Ruparelia Group of…
Uganda’s power sector regulator, Electricity Regulatory Authority (ERA), has for a fourth consecutive time come atop other regulators on the continent in this year’s African Development Bank’s Electricity Regulatory Index (ERI). The number of African countries ranked increased from 36 in 2020 to 43 in 2021. Dr Kevin Kariuki, the African Development Bank’s Vice President…
The full implementation of the oil pipeline project in Uganda has been boosted by the passing into law of the East African Crude Oil Pipeline [EACOP] [Special Provisions] Bill, 2021. The bill, with 46 clauses that was passed by Parliament on Thursday, 09 December 2021, seeks to facilitate the execution of Uganda’s obligations under the…
Holidays like Christmas are meant to be celebrated together with family and friends. This year, Speke Resort Munyonyo and Munyonyo Commonwealth Resort are giving you a deep reason to celebrate. Every celebration is complete with an assortment of local and exotic food of all types prepared in a manner that glorifies the occasion. Fruits and…
Ham Enterprises (U) Ltd have through their lawyers, Muwema and Company advocates & Solicitors and Kimara Advocates and Consultants officially petitioned the Chief Justice of Uganda Owiny Dollo over the bias and injustices and the supreme court, noting among others that: It is now clear and so evident to every open and fair-minded member of…
President Yoweri Kaguta Museveni has received credentials of the new Ambassador of the Russian Federation to Uganda H.E. Semivolos Vladlen. Amb. Semivolos was accompanied by the Chargé d’Affaires Dr. Evgeny Kalashnikov. The fountain of honour told his guest that the relationship between Africa and the Soviet Union started immediately after the communist revolution against socialism…
Bukoto Heights, Kampala’s fully furnished spot for accommodation has announced its newly revised room rates this festive season in a bid to reward loyal clients with a timeless luxury staycation at the swanky apartments. The apartment’s management says that on the small payable fee each night this festive season is at UGX 270,000 for a…
Situated at the heart of Kampala City, just 20 minutes’ drive from Entebbe International Airport, and close to banks and business centers, Speke Hotel offers all the charms of bygone days complimented by efficient, modern services and facilities with its sumptuous restaurant and heavily stocked bar to break your busy day into a smooth one via its…
Uganda’s media was awash on Friday with news that Tycoon Hamis Kiggundu alias Ham had lost his appeal against Diamond Trust Bank (DTB) which recently admitted illegality at the supreme court. Ham’s grounds of appeal at supreme court was that the justices at the court of appeal failed to address the substantial issue of illegality…
