Business News
Museveni Signs Agreement With UAE Company RCC To Revamp UTCL
The Uganda Telecommunications Corporation Limited (UTCL) on Friday 25th October 2024 received a new lease of life following the signing of an agreement between the Government of Uganda and Rowad Capital Commercial (RCC), a company based in Dubai, United Arab Emirates (UAE). The event was witnessed by President Yoweri Kaguta Museveni at State House, Entebbe.…
MPs To Roast UBO Bosses Over 2024 Census Data Discrepancies
Speaker of Parliament of Uganda, Hon Speaker Annet Anita Among has directed the government to provide the August House with a full 2024 Census report, following public criticism regarding discrepancies in the provisional census data. The speaker emphasized that Parliament needs to thoroughly review the official report to address the discrepancies highlighted by various stakeholders.…
NUP Youth Implore Bobiwine To Stand For 2026 Presidential Elections
The National Unity Platform (NUP) party youth have endorsed Robert Kyagulanyi and asked him to contest for presidency in the 2026 presidential elections. The endorsement was made at the NUP National Youth Convention held at the Jinja Show grounds on October 25, 2024, where the party youth leaders from all over the country had gathered…
LoP Ssenyonyi Questions Govt’s 723Bn Opaque Investment In Dei BioPharma
The Leader of Opposition in Parliament (LOP), Joel Ssenyonyi, has raised concerns over the irregularities involving the UGX723.4Bn government investment into Dei BioPharma Company, citing the lack of transparency in this deal raises concern about taxpayers’ money that has been sunk into this project. Ssenyonyi raised these concerns while presenting a Report on the Oversight…
CDF General Kainerugaba Condemns Barbaric Act Of Killing Ugandans
The Chief of Defence Forces and Senior Presidential Adviser for Special Operations, CDF General Muhoozi Kainerugaba, has condemned the grievous act by Private Ameny Bonny, who shot dead three civilians and injured two others on Monday in Ngora East village, Ngora parish, Paimol sub-county, Agago district. This was contained in his message that was delivered…
Business
Ben Ssebuguzi: President Museveni Should Recognise NWSC For Valuing Tax Payers Money
Twelve loans valued at Shs 1.3 trillion expired before disbursement to respective ministries and government entities for use, according to the Auditor General. According to the Auditor General’s report for the year ended June 2020, the failure to utilise the borrowed money was due to low levels of loan absorption, which is affecting government projects…
Big Boost: Sistema.bio Launches $10 Million Carbon Program In Uganda
Africa’s leading bio-digester manufacturing company; Sistema.bio, in partnership with Native Energy has today launched its biggest bio-digester carbon program in Uganda. The program, otherwise referred to as the Uganda Dairy Biogas Program, is set to benefit small and medium dairy farms across the country. Sistema.bio and Native Energy’s partnership is expected to avoid over 1.5…
Big Boost: VP Alupo, Min. Magyezi Commission UGX 317 Million Fruit Growers Co-operative Society
By Benjamin Epeduno Katakwi: The Vice President of the Republic of Uganda H.E Rtd. Major Jessica Alupo has commissioned Ongongoja Fruit Growers Co-operative Society in Ongongoja Sub-county, Katakwi District. The UGX 317 million project under ‘Legs Projects’ with support from Islamic Development Bank (IDB) was commissioned on Saturday 12, November 2022. Hon. Alupo who was…
Big Boost! NSSF Declares 10% Interest Rate For Savers For the FY 2022/2023
The National Social Security Fund (NSSF) hosted its 11th Annual Members’ Meeting, an event that showcased the Fund’s outstanding performance, the challenges it overcame, and its vision for the future. The meeting brought together key figures in Uganda’s financial and social development sectors and provided an opportunity to reflect on the achievements of the past…
Big Fraud! Gov’t Tasked To Recover Over UGX15.7 Bn Wrongly Paid To Roko
Government has been tasked to recover the payment made to ROKO Construction totaling 15.72 billion Shillings irregularly paid in regard to the Nakawa-Naguru land. The payment is deemed irregular because claims by third parties against government were not allowed and ROKO could only claim against its client OPEC. This decision taken by Parliament on Wednesday…
Big Network: MTN Injects 1.2Bn In MTN Momo Nyabo Promo Season3
MTN’s Momo Nyabo promo is back with over UGX 1.2billion in mobile money prizes to be won by lucky customers, Agents and/or merchants. This year’s season 3 is Organised under the theme “MoMo Nyabo, Together focusing on helping MTN customers and their loved ones rebuild after enduring prolonged effects of the COVID19 pandemic. In an…