The Managing Director of Ruparelia Group Businessman and City Tycoon Rajiv Ruparelia has dismissed with contempt a fake demand notice making rounds on social media that property firm, Crane Management Services (CMS), has issued any demand notice or reminder to its tenants. The statement thus reads “Crane Management Services urges all it’s tenants to ignore…
Have you ever wished to go basking in the sun or play soccer at your favourite beach only to find it submerged in water? Lake Victoria has burst its shoreline and the impact of the ever rising water levels is bringing more trouble for beach owners and goers than before. Many commercial facilities on the…
MTN Uganda has aannounced an exciting promotional offer that will enable customers to make calls and stay in touch with friends and family between 10pm and 8am in the morning for as low as only Shs100 from 10pm to 8am. The offer is dubbed “Kafyu Calls” following the curfew conditions imposed by the Covid-19 pandemic. Whereas Ugandans…
By: Dr. Sudhir Ruparelia Kampala: We are entering into recession period globally and the exception is likely to be India and China with ~2% GDP growth in 2020 which is way below ~5 – 8% in the past several years. For the benefit of all, I am sharing my perspective on such scenario on few…
President Yoweri Kaguta Museveni on tuesday unveiled Uganda’s first prototype tanker and pest control sprayer designed for all terrain situations . The truck was made by a manufacturing section of the National Enterprises Corporation ‘NEC’ under the ‘All Terrain Fighting Project’ in Nakasongola district. The idea of production was brought by President Museveni who tasked…
By Agencies Not even a nearly $40 billion divorce can topple Amazon (AMZN) founder and CEO Jeff Bezos from being the world’s richest person. For the third year in a row, Bezos landed the top spot on Forbes’ rank of global billionaires. His net worth fell $18 billion last year to $113 billion, according to Forbes, partially due to his high-profile split from…
The World Bank Uganda office has donated Uganda Shillings 57bn (USD 15m) towards the country’s fight to the spread of coronavirus. The money according to Antony Thompson, the World Bank Uganda Country director, will be re-allocated from the Reproductive Maternal and Child Health Services Improvement Project. The money will be put back from the Fast-Track…
The management of Meera Investments Limited has petitioned finance minister opposing some of clauses in the proposed Tax Amendments Bill, 2020. The Ministry of Finance, Planning and Economic Development tabled before Parliament five bills, which include; Excise Duty Amendment bill 2020, Value Added Tax bill 2020, Income Tax Amendment bill 2020, Stamp Duty Amendment Bill…
Government has budgeted to spend Shs304.5 billion in combating the Covid-19 pandemic. Out of the total budget, Health will get the largest share, followed by Security and Disaster management. Others that will benefit from the budget are the local governments, Kampala City Council Authority (KCCA) and Information Communication Technology (ICT) ministry. According to the proposed…
Media fraternity have proposed ways through which the fourth estate can keep operational as Uganda comes to terms with the global Covid19 pandemic. In relation, a state rests on four pillars for it to armpit several anniversaries; Executive,Judiciary, Legislature and the Fourth Estate-Media. However, due to COVID-19, the media, as all other businesses, will be…
