Browsing: Uganda

MPs Approve 6.4Bn Budget For Capital Market Authority

Members of Parliament on the finance committee have approved the Shs6.4 billion budget for the Capital Markets Authority (CMA) for the Financial Year 2022/2023. Led by the Minister of State Finance (Planning), Hon Amos Lugoloobi, the CMA leadership appeared before the committee on Wednesday, 19 January 2022 to present the authority’s budget priorities for the…

Panic As Energy Ministry Recommends Halting Of New UMEME Investments As Contract Renewal Hangs In Balance

The Ministry of Energy and Mineral Development has recommended the halting of new investments by energy distributor, Umeme ahead of the expiry of its 25 year concession in 2025. The Minister of State for Energy, Sidronius Okaasai Opolot said this during a meeting with members of the Committee of Environment and Natural Resources to respond…

Big Hearted Ruparelia Foundation Donates Multi-Million Goodies To Three Orphanage Centres In End Of Year Donation Drive

Ruparelia Foundation, the philanthropic arm of the Ruparelia Group, a conglomerate owned by Dr. Sudhir Ruparelia, together with partners has donated more than 5,000 amazing gifts and goodies to the community and orphanages in an End of Year Donation Drive. Under the theme “Giving Is Not about Making a Donation but Making a Difference” the…

PPDA Bosses Clear Air On Allegations That E.D Turamye Is Corrupt, Blocked Investigation Into Procurement of Prepaid NWSC Metres

Kampala: The management of the Public Procurement and Disposal of Assets (PPDA) have spoken out about allegations that have been circulating in the media to the effect that the Executive Director, Benson Turamye, blocked an investigation into the procurement of prepaid metres by the National Water and Sewerage Corporation (NWSC), and that his academic credentials…

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