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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…
Uganda: MPs Approve 43 Trillion Budget For 2022/23
MPs have unanimously approved the Budget Framework Paper for the financial year 2022/23 to FY 2026/27, after harmonising positions in the minority and majority reports of the Committee on Budget. Section 9(8) of the Public Finance Management Act requires Parliament to receive and process the Budget Framework Paper (BFP) by the 1st of February. The…
Two UPDF Soldiers Perish In Malaba Road Accident
Two UPDF officers have been confirmed dead after a container truck Reg No.KCB 973X/ZD 5045 Faw crashed into a stationary URA Motor vehicle Reg No.UBA 948S Toyota Hilux they were seated in at Corner Junction along Malaba-Jinja highway, police have said. Police has identified the two soldiers as Warrant officer Collins Manayanga and Private James…
Heartless: Senior Police Officer Arrested For Burning Own Mother To Death
Police in Entebbe have arrested a senior officer ASP Edward Bua for allegedly burning his mother to death. According to Kampala Metropolitan Police deputy spokesman ASP Luke Owoyesigyire confirmed lawyer Bua’s arrest and revealed that investigation into burning of Margaret Nyakuni Onzia to death on Saturday morning had commenced. “The territorial Police at Entebbe are…
Gen Muhoozi,Ethiopian Ambassador Discuss Historical Bilateral Ties
The Ethiopian Ambassador,her Excellency Alemtsehay Meseret Gelawu has paid a courtesy call on the Senior Presidential Advisor for Special Operations and UPDF Commander Land Forces Lt Gen Muhoozi Kainerugaba. The two held a meeting that was also attended by the Foreign Affairs Permanent Secretary Mr. Vincent Bagiire. Gen Muhoozi and his guest discussed the longstanding friendship…
Business
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…
Video: ‘Keep it up Son! You Are A Blessing To Ugandans’- President Museveni Applauds Youthful Tycoon Hamis Kiggundu For Choosing To Invest His Accumulated Wealth Within The Country
The President of Uganda Gen. Yoweri Kaguta Tibuhaburwa Museveni has praised Youthful Billionaire Hamis Kiggundu alias Ham for choosing to invest his accumulated wealth into the Ugandan economy instead of becoming an importer like many other businessmen under Kampala City Traders Association (KACITA), an umbrella organization that brings together traders in Kampala. The president made…