Browsing: National News

UEGCL Posts Ugx 27.9bn Net Profit As Assets Grow By 2.9%

The Uganda Electricity Generation Company Limited (UEGCL) posted Shillings 27.9 billion net profit projecting the company’s trajectory growth for the year ending 2022. This was revealed by UEGCL Board chairperson, Eng. Dr Proscovia Margaret Njuki during the 12th Annual General Meeting held on Tuesday, 20th December 2022 at Kampala Serena Hotel. Eng. Njuki said the…

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But Why Has BoU Delayed To Pay Sudhir Billions Wasted In Bogus Case? Full Torch Into Court’s Decree Directing BoU To Stop Zigzagging

In the Supreme Court ruling delivered by Hon. Chief Justice Prof. Lillian Tibatemwa-Ekirikubinza JSC (as a single judge), on 1st July 2022, re-emphasized that once a company is placed under receivership, it doesn’t lose its legal existence-another loss for Bank of Uganda (BoU). This ruling came out of a failure by the two parties in this…

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“Jajja Tova Ku Main” Moves To Bobi’s Strong Hold, Donates UGX 5M to Kamwokya Boxing Club

The office of the National Chairman (ONC) of the National Resistance Movement (NRM) party yesterday donated UGX 5m to a team of boxers from Kamwokya Boxing club towards facilitating and improving their boxing game to better standards. The money was handed over to the group at the ONC head offices in Kyambogo by Senior Presidential…

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Finance Minister Kasaija Presents Shs 49.9 Trillion National Budget Framework

Government has tabled the National Budget Framework Paper totaling Shs49.9 trillion for the Financial Year 2023/2024. The document, which paves way for the budget approval process by Parliament, was tabled during plenary sitting on Friday, 23 December 2022 by the Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija. Deputy Speaker Thomas Tayebwa who…

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‘Serve with humility, integrity & make decisions with utmost sobriety’- Deputy Chief Justice Buteera Briefs Newly Appointed Uganda Human Rights Commissioners

The Deputy Chief Justice of the Republic of Uganda Rt. Hon. Justice Richard Buteera has asked the newly appointed members of the Uganda Human Rights Commission (UHRC) to work as team and not individuals if they are to achieve the desired mission. Justice Buteera made remarks on Tuesday 20, December, 2022, during the swearing in…

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Fight Against Vandalism: ERA Engages CID Officers As They Popularize The Electricity Amendment Act 2022

The Principal Security Officer at Uganda Electricity Transmission Company Limited (UETCL) Ronald Bogere has revealed that persons involved in the vandalism of electricity infrastructure will be arrested and charged with terrorism. He made remarks while addressing security officers from Police CID, RDCs and ISO during a training workshop organised by Electricity Regulatory Authority (ERA) on…

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Joy As Cardinal Wamala Celebrates 65th Priestly Anniversary and Birthday, Hails Sudhir For Being a True Friend

NSAMBYA — Cardinal Emmanuel Wamala has today, December 21, 2022, celebrated his 65th priestly anniversary and also commemorated his 96th birthday which happened last week. The day was celebrated in style after the Cardinal’s longtime friend, city tycoon Sudhir Ruparelia held for him a luncheon at his residence in Nsambya, Kampala, with members of his…

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