The Zimbabwean government on Tuesday announced the reopening of all licensed bars to fully vaccinated clients, as it continues to relax lockdown measures and open up the economy. “Cabinet notes, with concern, that the continued closure of licensed bars and nightclubs has caused not only a loss of income and unemployment but also resulted in…
The Supreme Court has on Monday October 4, 2021 ruled that liquidation of defunct Crane Bank Limited which was taken over by Bank of Uganda is illegal. According to Supreme Court, Crane bank was closed as a financial institution and placed under receivership and hence after closure, it ceased being a financial institution. The Court…
Farmers in the Mubuku irrigation scheme in Kasese district are counting losses after a strange pest attacked their tomato gardens. According to Farmers, the pest mines new fruits leaving holes. The larva feeds voraciously on the tomato fruits, plants, producing large galleys in leaves. They add that the new pest is resistant to all the…
Kabira Country Club, Kampala’s leading boutique and luxurious hotel has unveiled a special independence package tittled “A Distinct Taste Of Independenc” to allow its clients to relieve off the week’s stress. This website has learnt that the mega offer which includes a whole roasted chicken and a Ugandan Flag Cake along with a pot of…
Prime minister Rt Hon Robinah Nabbanja has requested ministry of agriculture,animal industry and fisheries official to plan for Ugandan farmers to go for commercialised farming. Below is PM statement: I am pleased to join you at the closing of this important retreat where you have been addressing the key subject of…
The government of Uganda and coffee farmers are poised to lose big after a surprise decision made by Uganda Coffee Development Authority (UCDA) Managing Director. The Capital Times have learnt that disgruntled Dr Emmanuel Lyamulemye Niyibira solely withdrew Uganda from international coffee organization without even authorization from the Government of Uganda. According to Gov’t corridors,…
Last week a letter from President Yoweri Kaguta Museveni directing the Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile, to investigate the foreclosing of properties, belonging to Architect Peter Kamya of Simbamanyo Estates Ltd surfaced on social media. In the 3rd September 2021 letter (Reference No. PO/19), titled “Claims Of Illegal Sale Of Simbamanyo House…
Former Simbamanyo House owner Peter Kamya is in more trouble after move evidence reveal that he kept on collecting rent from the Ministry of Gender, Labour and Social Development despite mortgaging the building to Equity Bank when acquiring a loan. In August 2012, Equity Bank Uganda and Equity Bank Kenya extended a loan worth $10…
Bank of Uganda has defended the decision by Equity Bank to auction Simbamanyo House and Afrique Suits saying the transaction was done under the law. BoU says Simbamanyo and Mr. Kamya failed to respect their loan obligation when they (Kamya) failed to payback the loan as agreed by parties as he continued receiving money from…
In a letter which was recently circulated to its employees ,Africell Uganda said it was ceasing operations on 7 October, although staff employment will end on 30 November. The letter to its staff says that Africell will no longer accept new customers. The remaining period will allow existing customers to migrate to other networks. A…
