Business News
Opec Prime Cites Malice In Botched Naguru-Nakawa Land Deal
Officials from Opec Prime Properties Ltd, a company formerly contracted to develop ultramodern satellite towns in the Naguru-Nakawa housing estate, have told Parliament of a litany of frustrations they faced in their attempt to deliver the same in the capital, Kampala. Opec Prime was awarded a contract and land in 2006 to construct 1,747 flats,…
Scandal: NCDC Spends Billions On Uncoordinated Trainings
The National Curriculum Development Centre is on spot for spending billions to train teachers without following the right procurement procedures as stipulated in the Procurement and Disposal Unit regulations. Several trainings have since 2020 been carried out from various places that include Jinja College in Jinja City, Mt. St. Mary’s College Namagunga, Trinity College Nabbingo…
Four Arrested Over Death Of Suspect In Police Custody
Four people have been arrested following the death of a suspect in police custody in Matuga, Wakiso district. Those arrested include property broker Godfrey Mayende, a local council chairperson of Kavule village Dennis Bulime, Allen Nanfuka, and another unidentified man. It is alleged that the suspects in collusion with police officers at Jjagala police post…
University Students Arrested In Kampala Protesting Over Hiked Commodity Prices
At least 38 university students are confirmed to have been arrested by police at parliament today, for protesting against the increasing commodity prices and human rights abuses in the country. The protestors, who were arrested by police before they could enter parliament, included students from Makerere University, Kyambogo University, among other universities. The police didn’t…
Pictorial: Tycoon Ham Celebrates Eid With American Stars Akon & Babs Hussein
Kampala youthful tycoon Hamis Kiggundu aka Ham celebrated this year’s Eid El-Fitr with celebrated American rapper Aliaune Damala Badara Akon Thiam Popularly known as Akon. Akon, who is a Senegalese rapper and entrepreneur based in America, traveled to Uganda over the weekend in the company of Babs Hussein ahead of Eid Day, which was celebrated…
Business
Ugandan MPs Pay TributeTo EastAfrica’s Richest Woman Amina Hersi
Parliament has paid tribute to Amina Hersi Morghe, a Kenyan business woman who has invested heavily in Uganda. The parliamentary mention follows her recent receipt of an award, ‘Entrepreneur of the Year Africa 2019’ by European CEO Magazine. Parliament praised Hersi referring to her as a true East African, not only for winning the award…
Ugandans Decry Foul Play By Be Forward Car Importer Mpaata
Several Ugandans have come out to express their discontent about a city car importer identified as Mpaata Nelson, who is the proprietor of Mpaatanel Ltd, a car import dealership, whom they accuse of failure to act ethically and professionally in his dealings with clients. The affected clients contend that Mpaata, who is an agent of…
Ugandans Tired Over Govt Silence As Rwanda Legalises Cultivation, Sale, and Use of Medical Cannabis
As Uganda’s position on licensing individuals and companies for production of Cannabis is, however, still unclear, the government of Rwanda has approved cultivation, processing and exportation of marijuana for medicinal purposes. Rwanda becomes the latest African country to legalise, and pass laws on the growing of marijuana for medical purposes, as it seeks to establish…
UGEFA: Green Businesses Given Last Chance To Grow & Transform Economy With EU Funded Accelerator
The EU-funded Uganda Green Enterprise Finance Accelerator (UGEFA), which provides sustainable Ugandan enterprises with support to scale and contribute to a green and inclusive economy, has today announced that it is accepting applications for its fourth and final cohort to join its programme. UGEFA is seeking high-potential small and medium-sized enterprises looking for debt finance to…
Ugly Scenes As Link Bus Catches Fire Weeks After Fatal Accident
Police at Natete Police station last evening registered and responded to a fire outbreak, which happened at about 10 pm. The incident involved a Motor Vehicle Reg. No UBD 269A Scania belonging to Link Bus Services that was returning from Kasese to Kampala. The bus burst in flames at Wakaliga traffic lights. Luke Owoyesigyire, the…
UHRC Asks Gov’t To Scrap ‘Failed’ Social Media Tax Ahead Of 2021 Elections
The Uganda Human Rights Commission has asked government to amend the law introducing Over the Top tax and suspend it during the electoral period in order to make internet more affordable and accessible. Dr. Katebalirwa Amooti Irumba, the acting chairman of the commission told journalists today that it is necessary to scrap the tax in…