Former Bank of Uganda deputy governor Dr . Louis Kasekende, whose tenure was mired with gross abuse of office and allegations of corruption, might have been kicked out of the Central Bank but credible sources within reveal that he still has there Moles. One of Kasekende’s top Moles at BoU, according to our sources in…
Uganda’s main power distribution utility Umeme has tabled a $219 million (Shs813.2 billion budget) for 2021. Of that, $119 million (Shs442.4 billion) will be for capital investments in the grid while $60m (Shs222.4bn) will cater for net operating costs. The company says it will spend $2m (Shs6.6bn) on lease payments and the balance ($38m/Shs141.8bn) on…
At a time when Africa is mobilizing resources for pandemic recovery and sustainable development, illicit financial flows (IFFs) are robbing the continent of 50 billion U.S. dollars annually, UN Deputy Secretary-General Amina Mohammed told a high-level virtual meeting on Thursday held under the African Union’s (AU) “Silencing the Guns” initiative. These staggering losses “would be…
Ruparelia Group of Companies the biggest landlord in Kampala’s central business district has for the first time put up the property for sale. The property magnate under Meera investments has unveiled that Tagore Living apartments, the Group’s first built-to-sell residential condominium project located along Kira Road will be sold under the Co-ownership Act. The building…
Corporate companies and organizations can now organize their end of year retreat parties at Speke Hotel located at Nile Avenue in Kampala at no cost, management has announced. All they need to do is pay for food, drinks and other services but not venue fees. Offering free venue to guests hosting their parties is one…
The Ministry of Finance has suspended any expenditure on this year’s Christmas and End of year parties because of increasing pressure on the economy. In a circular to all accounting officers of central and local governments, as well as state-owned enterprises and public corporations, the ministry’s permanent secretary/secretary to the treasury, said the suspension was…
Speke Resort and Conference Centre has launched a festive season promotion dubbed ’12 Days Of Christmas’ that will see the five-star Resort offer amazing deals for end of year events, functions and parties. “We’re so in the mood for Christmas and believe that a good conscience is a continual Christmas. At Speke Resort Munyonyo, we have brought…
A man who purports to be an operative of Kampala Capital City Authority (KCCA) but is going around town extorting money from bar owners has finally been exposed. Peter Ssetenda, who claims to be working in the KCCA enforcement department, is allegedly accused of conniving with some rogue police officers to conduct illegal operations during…
The Solicitor General has provided advice on the interdiction of the Chairperson Equal Opportunities Commission (EOC), Sylvia Muwebwa Ntambi. His advice comes after the Director of Public Prosecutions (DPP) asked Ntambi’s Ministry, the Ministry of Gender, to throw her out after she has been charged with corruption. The DPP feared that Ntambi’s stay in office…
After 20 months on the ground, Boeing’s 737 Max will soon fly again, ending a tragic episode that cost 346 people their lives and did serious damage to the big U.S. jet builder. The company on Wednesday got clearance for the plane to return to American skies after convincing the Federal Aviation Administration that changes…
