Browsing: Business

Open Arcades: Police Fire Live Bullets, Teargas To Disperse Defiant Traders Downtown

Uganda Police Force (UPF) have fired teargas and live bullets to disperse hundreds of traders in downtown Kampala who had reopened shops this morning, despite their continued closure by the government.   Arcades have remained closed since March 2020, when the government first announced a lockdown to contain the spread of coronavirus disease. Although, in…

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Positive Move: Tycoon Sudhir, City Landlords Meet Min. Kyambadde Over Re-opening Arcades

The Minister of Trade Amelia Kyambadde, Betty Among, and Benny Namugwanya have on Tuesday afternoon converged at the Office of the Prime Minister-OPM to discuss on arcade re-opening. The meeting was attended by City arcade owners including Ruparelia Group Chairman Dr. Sudhir Ruparelia, Hamis Kigundu, among others who were called in an impromptuly to find…

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Big Story: Executive Director, 3 Top Managers Resign As Tropical Bank Runs Bankrupt

Panic and tension have engulfed the Kampala road based Tropical Bank after almost the entire senior management tendered in their resignation. According to a highly placed source with the bank, those who have handed in their resignations include the Executive Director Denis Muganga Kakeeto, Hussein Sentamu the Head Credit Department and a one Maurice the…

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Activist Rwakakamba Petitions Court Over NSSF Act

Credit: Daily Monitor Human Rights activist Morrison Rwakakamba has asked the Constitutional Court to declare sections of the National Social Security Fund (NSSF) Act unconstitutional, saying they violate workers’ right and interest on their savings. “…Section 30 of the NSSF Act Cap 222 that does not make provision for members’ perpetual and non-extinguishable interest and…

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NSSF Savers To  Demonstrate Over Fund’s Refusal To Give Them COVID-19 Relief Money

Several Ugandans with savings in the National Social Security Fund (NSSF) have vowed to stage protests on Monday July 13th, 2020 across the country, to express their dejection with the Fund for denying them access to their savings during the this Coronavirus (COVID-19) lockdown. Under their umbrella group ‘NSSF Savers Forum Uganda, the savers have…

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Angry Traders Give Museveni 5-Day-Ultimatum To Re-open City Arcades, Stella Nyanzi Arrested

City Businessmen have threatened to stage a massive demonstration in the city centre if government doesn’t open arcades in 5 days. Traders, led by Former Makerere University researcher, Dr. Stella Nyanzi made threats on Wednesday July 8, 2020 while addressing the media at Nakasero, in Kampala. It’s from here Traders called on Gov’t to reopen…

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Agriculture Is The Backbone Of Uganda’s Economy; Hon. Jacklet Donates Over 80000 Hoes To Boost Production

As a way of fighting famine, Poverty and boosting Agricultural Production in Sheema District, Hon. Jacklet Atuhaire Rwabukukuru the area Member of Parliament through the District Covid-19 task force has donated over 80,000 hoes to her residents. These were received by the area Resident District Commissioner Frank Kyerere who applauded the legislator for thinking big…

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