Business News
EAC National Early Warning Center Launched In Kampala
The East African Community (EAC)National Early Warning center in Uganda has been established at the Internal Security Organization (ISO) in Kampala. The Permanent Secretary Ministry of East Africa Community Affairs Ms. Edith Mwanje in her speech read by Assistant Commissioner Economic Affairs Annet Kenganzi at the launch today said the establishment and operationalization of the…
Too Much Electioneering Weakened Oulanyah’s Health-Museveni
President Yoweri Museveni has revealed that former Speaker of Parliament Rt Hon. Jacob Oulanyah was a uniting man for whole of Northern Uganda. Museveni said despite dying young, Oulanyah made his mark in nation building. “He was young, but he had already made impact; we in NRM first dealt with him when he was in…
Exposed: How Ugandan Revellers Diddle Bar Owners Through Airtel Money Fraud
There is a new form of fraud in Kampala which is being perpetrated by revellers at bars that accept payments for services using Airtel money. Our investigators reveal that these fraudulent revellers enjoy services at bars, then pay for the same using Airtel money but later reverse the transactions after leaving the bar, thereby causing…
Prime Suspect In Murder Of Bundibugyo NRM Boss Kifunga Arrested
Flying squad unit of police has arrested one Bwambale Sunday Swaib herbalist in connection to the murder of the NRM district registrar for Bundibugyo district. The deceased Aguma Robert Kifunga was lured into gold deal by his friend Bwambale Sunday who later strangled him to death and after dumped the body at Bimala cell in…
Flying Squad Arrests Notorious Gang Leader Behind Nansana Robberies
Detectives from flying Squad in Kampala Metropolitan Police (KMP) South and Nansana Division have arrested a notorious gang leader, identified as Lubowa Geofrey alias Jeff, who was behind the wave of armed robberies, sexual assaults against women, burglaries, and swash-and-grab attacks in Nansana Division. Police spokesperson Fred Enanga revealed that Jeff and his other accomplices,…
Business
URA’s Corporate Manager Rumanyika Throws In Towel After 10 Years
Uganda Revenue Authority (URA) Commissioner and Corporate Affairs Mr. Ian Rumanyika has resigned his position. Rumanyika has on Tuesday, April 5, 2022, left Uganda Revenue Authority where he served as Manager Public and Corporate Affairs. He has been in this position since January 2011 was set to leave the tax body today, 5th April 2022.…
URA’s Kateshumbwa’s Wealth Shocks Museveni As Investigation Bite
The President of Uganda Gen. Yoweri Kaguta Museveni is under shock after learning of the immense wealth of exiting top Uganda Revenue Authority (URA) Officials. The shock follows an investigation on how sacked top (URA) corruptly acquired a lot of wealth for the period they’ve spent in the Authority. TheCapitaltimes has learnt that Museveni’s investigations…
URA’s Shs25 Trillion Target Plan
Uganda Revenue Authority Commissioner General John Rujoki Musinguzi has outlined his plan that will make it possible for him to achieve the Shs25.1tn target for FY2022/23 set by the Minister of Finance Planning and Economic Development. Speaking to journalists at the Authority’s headquarters in Nakawa Kampala Musinguzi said, “I must note that the revenue mobilisation…
UWA Boss Reshuffles Over 100 Staff, Suspends 6 Over Fraud, Money Swindling
Over 6 employees of Uganda Wildlife Authority (UWA)’s reservation and booking section have been suspended over alleged fraudulent practices. TheCapitaltimes has established that majority of the culprits, ironically, are ladies and according to a credible source inside UWA insiders, the alledged culprits will be investigated (while on suspension) for conniving with private tour operators to…
Victoria University To Host Business Mogul Maggie Kigozi To Tip Ugandans On Business & Failure Of Family Businesses
It is believed that family businesses account for 80% of companies globally but despite this milestone, according to researchers, only 30% survive to the second generation, 12% transit into the third generation and only 3% reach the fourth generation. This means that while many families start businesses, they quickly die once the proprietor dies. This…
Victorious Billionaire ‘Sudhir Ruparelia’ Gives More Headache To Troubled BoU; Bills Over UGX 200 Billion For All Costs
Tycoon Sudhir Ruparelia who last week again floored Bank of Uganda in Court, has tabled a bill of UGX200billion for all the costs. Last week, Supreme Court ordered BoU to directly pay costs at all Court levels and ordered that the Bank be reverted to Sudhir and the stakeholders, a ruling that effectively settled a…