Maj Gen Sabiiti Muzeyi,the General Manager Luwero Industries has hosted Kiira Motors Corporation Board of Directors at Luwero Industries Headquarters in Nakasongola. Luwero Industries Ltd is a subsidiary of National Enterprise Corporation-a commercial/business arm of Ministry of Defence and Veteran Affairs/UPDF. Kiira Motors Corporation Board was led by its chairman Prof Tokidri. Kiira Motors Corporation…
The market value of all the stakes owned by the 10 richest investors in companies listed on the Uganda stock exchange is 518.5 million. This represents just about 0.30 per cent of the market’s 56.1-billion valuation, as institutional investors and parent companies of listed entities control a huge chunk of the market. Based on figures…
Following the start of the second crop season for 2021, the National Agricultural Advisory Services (NAADS) is distributing planting materials to farmers with emphasis on crops that offer improvement on food security as well as household incomes. In line with the National Development Plan 3, Government through NAADS has committed Sh.41.1 billion to support interventions…
A section of Members of Parliament have blocked Energy Minister Ruth Nankabirwa from presenting a statement on the performance of Uganda’s tireless and biggest power distributer UMEME, insisting that it would be a wasted effort because the House already recommended termination of the contract with the power distribution company. Nankabirwa was on Tuesday afternoon scheduled…
The real estate and hospitality sub sectors are going through a bumpy time having to deal with the economic shocks facing the country. These two are playing hard to survive by being responsive to the economic demands. Investment is hard to come by. However the Ruparelia Group under the direction of Dr Sudhir Ruparelia has…
From global trends, marijuana has provided a new economic frontier in countries that have seen the light and legalized the farming of the herbal weed. Marijuana or cannabis is a medicinal herb, one that industrial labs have confirmed to be the new breakthrough for medicinal innovation, research and disease treatment. And for developing countries like…
President Yoweri Museveni has in his other capacity as chairman of the ruling National Resistance Movement called a meeting of the party Parliamentary Caucus to discuss the implementation of the Parish Development model for Financial Year 2021/22 The meeting scheduled to take place on Friday August 20, 2021 at Kololo Ceremonial Grounds shall look at…
Equity Group Holdings Plc has announced a 98% growth in half year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year. Speaking while releasing the results, Equity Group Managing Director and CEO Dr James Mwangi said, “The defensive and offensive strategy adopted by the Group at the onset of the Covid-19 pandemic to…
Members of Parliament from Kyotera district have queried the criteria used to spend more than one billion Shillings under Emyooga, a presidential initiative aimed at wealth and job creation. The scheme was launched in 2019 to enhance the entrepreneurial capacity of selected enterprises and groups through sensitization, skilling and tooling as well as access to…
City businessman Sudhir Ruparelia, who is the proprietor of Ruparelia Group of Companies, is having the last laugh after five Supreme Court judges dismissed its application challenging a High Court ruling in favour of Sudhir Ruparelia. The defeat at the Supreme Court comes as the latest blow in a myriad of cases that the central…
