In a bid to promote the concept of Buy Uganda Build Uganda (BUBU), the Electricity Regulatory Authority (ERA) on Thursday launched a forum for local suppliers, with an aim of spurring an increase in the consumption of local products and services within the electricity sector, so as to achieve social, economic transformation. The Local Suppliers’…
There are unscrupulous individuals at the Buganda Land Board (BLB) who have resorted to blackmail and mudslinging after the Court of Appeal stopped the cancellation of tycoon Hamis Kiggundu’s titles for land he bought in Kigo, off Entebbe Road. It should noted that the Uganda Land Commission in September this year cancelled Ham’s titles for…
There was drama during a session of the United Nations (UN) Committee against Torture (CAT) in Geneva, Switzerland after angry Ugandan women stormed the meeting and protested a speech by the country’s Attorney General, Kiryowa Kiwanuka. The UN Committee against Torture’s session, the seventy-fifth session of its kind, began on October 31, 2022 and will…
Parliament’s Public Accounts Committee – PAC Central Government has grilled Gulu University management over irregularities in staff recruitment. The University management led by Vice Chancellor Prof. George Openjuru, on Thursday appeared before the committee to respond to a forensic investigation report into the mismanagement of the institution for the financial years 2016/2017 to 2018/2019. The…
BoU earns most of its income from investing the bulk of Uganda’s foreign exchange reserves in the said bonds, a practice referred to as investment in fixed income assets. Central banks, experts say, use sale of bonds as a tool to increase bank reserves and lower interest rates. When they buy bonds, money flows from…
The South African government said on Wednesday that those who are to take part in the strike called by the public servants will not be paid for the days they are not at work. “It must be emphasized that public servants who are working in essential services are not allowed to participate in any strike…
Rwanda’s President Paul Kagame has met face to face with DRC Prime Minister Jean-Michel Sama Lukonde at a special EAC High Level Consultative meeting held Monday in Egypt at the sidelines of the meeting of United Nations Framework on Climate Change (COP-27). Monday’s High Level Consultative on the situaiton in DRC was chaired by Burundi…
By Ben Ssebuguzi Kampala: When UNRA, a corporate body of government responsible for roads was appearing before COSASE committee of Parliament, it was revealed that the parent ministry of works is alleging that they diverted funds without informing them. Well, according to Public finance expenditure, it is a requirement, but can’t that be harmonized through…
Dr. Sudhir Ruparelia is a Ugandan property mogul who has built one of the most successful business empires in the country. Dr. Sudhir’s love for Uganda is not by any means opportunistic like many investors who run to Uganda because of attached benefits. Having been born from Uganda, to an Indian emigrant, Sudhir grew up…
Bank of Uganda (BoU) is seeking to hire an independent audit firm that will carry out a comprehensive audit on the current state of affairs of the now-defunct Crane Bank, six years after the same commercial bank was closed. According to an advert published in one of the local newspapers, BoU said it is now…
