Former Simbamannyo building has been officially changed to Gender & Labour House-our sources have disclosed. The multibillion building that is under the management of Meera Investments Ltd also a real estate arm of tycoon’s Ruparelia Group, houses the Ministry of Labor, Gender, and Social Development thus the new name. According to our sources, the final…
The Parliament of Uganda through Igara East Member of Parliament, Hon Michael Mawanda is working on a, ‘Constitution (Amendment) Bill, that seeks to, among others, remove the Governor and Deputy Governor of Bank of Uganda from being Chairperson and Vice Chairperson respectively of the Central Bank. According to Hon. Mawanda, the decision making authority is…
The Permanent Secretary in the Ministry of Finance, Planning and Economic Development (MoFPED) Mr Ramathan Ggoobi has clarified to Parliament on the status of Government’s 25% shares held in the Commonwealth Resort, Munyonyo. In a detailed letter to the Clerk to Parliament Parliament, Mr Ggoobi also a leading economist noted that Finance Ministry is at…
Speke Apartments Wampewo today hosted Uganda’s first cake mixing ceremony at La Cabana restaurant in Kampala. The much-attended event took place at the Restaurant’s poolside lounge kicking off at 4 pm, East African time. Cake mixing is an activity that follows a definite process of putting the elaborate cake ingredients together, mixing them and then…
Businessman Sudhir Ruparelia has filed his response to Parliament regarding the government shares in Munyonyo Commonwealth Resort Limited. Parliament had summoned Sudhir to explain the status of government shares in the 5-star facility. “The committee has noted with concern that Uganda Development Corporation (UDC) as an investment arm of Government, has not been availed an…
President Yoweri Museveni has commended Germany for its donation of 5.5million doses of Johnson and Johnson one-dose COVID-19 vaccines and called for support through sharing reagents to enable Uganda produce its own vaccines and avoid vaccine dependency in the future. The President was yesterday speaking during a meeting with a high-powered investors delegation from the…
When Ugandan businessman Hamis Kiggundu, started his first business years ago, he could not have imagined that he would ascend to become one of the most successful business moguls in Africa, let alone Uganda. At just 37, Kiggundu, famously known as Ham in his home country, owns a number of buildings in the heart of…
As Africans, land and real estate are often our most popular investment options. And that’s okay. Followed closely by more formal options such as good old stocks, treasury bonds, T-bills, and fixed deposits. Now here’s the thing. These investment options are often big-ticket investments and require a significant cash outlay from investors. This means first-time…
The Minister for Agriculture, Animal Industry and Fisheries, Frank Tumwebaze is discouraging donors from giving his ministry cash. Tumwebaze said cash donations are tempting and also items to be procured could take longer because of the procedures that must be taken such as domestic and international bidding among others. He made the statement on Tuesday…
The Bank of Uganda (BoU) has granted an operating licence to I&M Bank (U) Ltd to begin operating in Uganda after changing its name from Orient Bank. The Nairobi-based financial Group announced that the rebrand comes after the I&M Group’s successful acquisition of a 90 per cent shareholding in Uganda’s Orient Bank Ltd on April,…
