Business News
Exposed: Kampala Deputy RCC Cited In Siphoning Money From Emyooga Applicants
Some members and leaders of SACCOs in Kampala Central have decried the corruption involved in the process of accessing government rescue packages especially Emyooga a presidential initiative on wealth and job creation. They accused Hajjat Hawa Namugenyi Ntege Deputy (RCC) Kampala Central of frustrating Emyooga program by extorting money from applicants and creating fake SACCOs…
Uganda: Gov’t Tables Shs4.7 Trillion Supplementary Budget
The Minister of State for Finance in charge of General Duties, Hon Henry Musasizi, has tabled the Supplementary Appropriation (No. 4) Bill, 2021 for first reading amidst concerns from the Opposition about the utilisation of the previous requests. The bill seeks to provide for supplementary appropriation amounting to Shs4.7 trillion from the Consolidated Fund as…
Rwanda Agrees To Reopen Gatuna,Mirama Hills Borders With Uganda
Rwanda will re-open on Monday a border crossing with Uganda that was shuttered nearly three years ago, even as tensions rise between the central African neighbours, fuelled by accusations of espionage and support for each other’s dissidents. Rwanda had repeatedly accused Uganda of supporting rebel groups planning to topple the government in Kigali while Kampala…
URA Suspends 15% Withholding Tax On Oil Importers
Uganda Revenue Authority (URA) has halted the enforcement of the 15 per cent withholding tax on oil marketing companies. According to URA, this is to allow for further discussions between stakeholders on the matter on Friday. This comes after the oil marketing companies in Uganda petitioned the Ministry of Finance to intervene in a tax dispute…
Museveni Names Brig Isoke As New SHACU Boss
President Museveni has appointed Brig. Gen. Henry Isoke as the new head of the State House Anti-Corruption Unit ‘SHACU’, replacing Col. Edith Nakalema who is on a study course. This was announced by Faruk Kirunda, the Deputy Press Secretary to the President, on Tuesday evening. “H.E the President has appointed Brig. Gen. Isoke Henry as…
Business
VIDEO: “These people stole my bank, shared the legal fees in Bank of Uganda” – Furious Tycoon Sudhir Hits At Bank Of Uganda Officials After Court Victory
Minutes after legally slaying Bank of Uganda, for the ninth time, but this time for good, Dr. Sudhir Ruparelia, hit at certain officials of the central bank for stealing his bank, unnecessarily dragging him to court and prolonging the case for selfish gains. “These people stole my bank. They shared the legal fees in Bank…
VIDEO: Multibillion Speke Resort Convention Centre Takes Shape
Details on the construction of the Speke Resort convention centre at Munyonyo are today revealed for the first time. The project is being undertaken by Uganda’s richest man Sudhir Ruparelia while partnering with the government of Uganda. This magnificent structure will host the Non-Aligned Movement (NAM) summit in January 2024. The Non-Aligned Movement, founded in…
Violent Clash in Namayingo as Police Disperse Protesters Over Suspended Sugar Factory
Namayingo, Uganda – A volatile situation unfolded in Namayingo district as police fired live ammunition and teargas to disperse angry workers and Indian investors protesting the suspension of the CN Sugar factory. The Ministry of Trade, Industry, and Cooperatives suspended the factory’s operations due to the investors’ failure to establish a nucleus estate, leading to…
We Are Not Dumping Soil In Lake Victoria, Ruparelia Group Refutes Malicious Allegations
Ruparelia Group of Companies have rubbished and distanced selves from circulating malicious allegations that they dump soil into lake Victoria in the construction of Kitubulu, Speke Resort Entebbe project For over week, a video captured by a woman showed soil allegedly dumped near the lake by trucks. However, the Managing Director of Ruparelia Group of…
We Prefer Donations In Kind To Cash – Minister Tumwebaze
The Minister for Agriculture, Animal Industry and Fisheries, Frank Tumwebaze is discouraging donors from giving his ministry cash. Tumwebaze said cash donations are tempting and also items to be procured could take longer because of the procedures that must be taken such as domestic and international bidding among others. He made the statement on Tuesday…
We’re Not Your Snoring Zone: Kenya Auctions 2 Somalis’ Aircrafts & 71 Others For Overstaying At Kenyatta Airport
East Africa’s Kenya has announced via its Airports Authority that it will auction 73 aircraft for prices as low as $44.93 due to overstaying at four of its airports which according to them-owners have snored enough. According to an advert released by Kenya Airports Authority (KAA) they have already invited interested bidders for planes that…