Business News
District Land Board Secretary Arrested Smuggling Hundreds Of Land Documents
Police have arrested the acting secretary Lira district land board secretary over allegations of smuggling land related documents and files. Francis Okello Olwa who is also the Community Development Officer, clerk to council, district’s spokesperson and a senior Pastor at Truth Fountain Church Lira was arrested at around 11pm on Thursday night from the district…
Entebbe Chief Magistrate Stays Pastor Bugingo’s Bail
The Chief Magistrate of Entebbe, Juliet Nakitende, has dismissed lawyer Male Mabirizi’s application for the cancellation of Pastor Aloysius Bugingo’s bail. Bugingo, the lead pastor at House of Prayer Ministries, is accused of committing bigamy and contracting marriage with Suzan Makula Nantaba, breaching sections of the Marriage Act and the Penal Code Act. On January…
Jinja NRM Leaders Demand Chairperson Autopsy Report Before Burial
A section of Jinja district National Resistance Movement-NRM leaders want responsible authorities to produce a conclusive autopsy report, detailing the death of their fallen acting chairperson, William Kato Kaziba, ahead of his burial. Kato succumbed to undisclosed illness on Tuesday night. Kato is reported to have collapsed in his seat while watching news at his…
Bomb Blast: 13 Killed In Bus At Eastern Kenya Border
Kenyan police say one suspect has been arrested after an improvised explosive device killed at least 13 passengers and injured others in a bus traveling in northeast Kenya near the border with Somalia. Kenyan police in northeast Mandera county say the 14-seat bus was heading to Mandera town early Monday when it drove over the…
Tears As Former BOU Governor Mutebile Laid To Rest
Hundreds of mourners on Sunday thronged Kigezi High School Primary playground to attend the final send-off of the departed Bank of Uganda Governor Prof . Emmanuel Tumusiime Mutebile. Mutebile passed away on Sunday morning at Aga Khan Hospital in Nairobi, Kenya, at the age of 72, after suffering multiple organ failures. Prime Minister Nabanja interacts…
Business
This Rosebud’s story of resilience during Covid19 lockdowns could inspire distressed entrepreneurs
Since Covid-19 poked its ugly nose, it has changed the pace of life for many people across the globe. As for businesses, many that still survive are still in unchartered waters – others especially depending on travel such as airlines, hotels, tour companies, etc, pray we go through this phase faster than it is doing.…
Tireless President: Museveni Meets Another Group Of Business Moguls From Germany, Discuss Lucrative Investments In Uganda
President Yoweri Museveni has commended Germany for its donation of 5.5million doses of Johnson and Johnson one-dose COVID-19 vaccines and called for support through sharing reagents to enable Uganda produce its own vaccines and avoid vaccine dependency in the future. The President was yesterday speaking during a meeting with a high-powered investors delegation from the…
Tireless Uganda Airlines Wins World’s Youngest Aircraft Award Again
Uganda Airlines has won the ch-aviation World’s Youngest Aircraft Fleet Award 2022 for the second year running. The ch-aviation Youngest Aircraft Fleet Award recognises airlines from across the globe that keep a young, modern, and efficient fleet. For the first time, ch-aviation also recognised Aircraft Leasing companies with the ch-aviation Youngest Aircraft Portfolio Award. In…
Tit For Tat! MTN At Verge Of Losing Over Shs 400Bn For Throwing Daj Communications Out Of Business
Fort Portal Municipality MP Alex Ruhunda Akiiki has expressed his disappointments and irregularities in how he lost his MTN dealership, millions of cash, reputation, properties to commercial banks, plus sinking his firm in some parts of western Uganda to controversial veteran journalist cum CEO of the Independent Magazine Andrew Mujuni Mwenda and his sister who…
Tomato Farmers Count Losses As New Pests Invade Mubuku Irrigation Scheme
Farmers in the Mubuku irrigation scheme in Kasese district are counting losses after a strange pest attacked their tomato gardens. According to Farmers, the pest mines new fruits leaving holes. The larva feeds voraciously on the tomato fruits, plants, producing large galleys in leaves. They add that the new pest is resistant to all the…
Top 10 Weakest Currency Rates in Africa
Exchange rates are important in the global economy because they influence international trade, investments, and tourism. Understanding how exchange rates function and how they affect different sectors of the economy is critical for businesses, tourists, and governments. Exchange rates show how valuable a currency is in relation to other currencies. The strength of a country’s…