Business News
Liberation: Uganda Has Made Great Strides In The Last 36 Years- Museveni
President Yoweri Kaguta Museveni has said the NRM government has made a lot of achievements in the last 36 years it has been in power in Uganda. “The economy of Uganda now will be $44bn in July yet when we started (in 1986) it was only $1.5 million. This means that the economy has grown…
Forest Cottages Unveils Valentine’s Room Halfboard Rates With Exciting Discounts On Accommodation
Forest Cottages, Kampala’s top luxurious cottages set in a peaceful, African forest feature in Bukoto suburb has announced newly revised special room rates with exciting discounts on accommodation this Valentine’s day to help you save more on accommodation as they relax and enjoy a pleasant and vibrant stay. In the “Revised Valentine’s Day Room Rates” announced,…
PPDA Boss Turamye Not Corrupt, Whistle Blower Report Was Misleading
The Capital Times would like to clarify on a news article we published basing on an informer who alleged that the Executive Director of the PPDA Mr Benson Turamye was corrupt and was under investigation. The informer claimed that the Executive Director of the PPDA was influencing public procurement and taking bribes from contractors. Our…
Speke Resort Munyonyo Slashes Accommodation Rates In “January Get-away” Packages
Speke Resort and Conference Centre and Munyonyo Commonwealth Resort on the shores of Lake Victoria continue to stand out as a destination of choice especially for people who don’t want to go far away from Kampala. Speke Resort and Munyonyo Commonwealth Resort have announced a new mega bonanza dubbed ‘Relax & Rejuvenate’ offering it at very…
Operation Shujja: MPs Halt Financing UPDF Mission In DRC Against ADF Rebels
Parliament’s Committee on Budget has decided to stay allocations to ‘Operation Shujaa’, a code name for the Uganda People’s Defense Forces campaign against the Allied Democratic Forces (ADF) in Congo, until the legislature is apprised of the operation. The Ministry of Defense had asked for Shs89.7 billion to finance the operations but MPs said briefing…
Business
Weekend Plot: La Cabana Restaurant Set To Host RIO MEATS Kla Barbeque Fest, Check In!
Cabana Restaurant, located at Speke Apartments Wampewo, has organized a lavish RIO MEATS Kla Barbeque fest. The posh restaurant has revealed that the fest will start on November 5th at 12.00 noon and each person will pay shs 120,000 for entrance. According to the management, on the menu will include, welcoming cocktail, Open salad bar,…
What AG Legal Opinion Means For COSASE Report On Departed Asian Assets
Attorney General Kiryowa Kiwanuka yesterday revealed that the recommendations contained in the Parliament’s Commissions, Statutory Authorities and State Enterprises (Cosase) report, regarding management of the properties of the departed Asians, cannot be implemented under the current law. “It was very clear, the recommendations by Cosase that they were asking us to do; were not tenable…
What Next For Sudhir & Staggering BoU, Two Months after Landmark Ruling in Crane Bank case
The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of the decision on the national Treasury and on Ugandans generally, while…
What Rwanda’s Legalization of Cannabis Production Means To Her Economy As Ugandan Govt Ignores Potential Local Investors
The New Times Newspaper, a Rwandan media outlet last week reported that the East African country had secured over 134 hectares to aid the production and growing of medical cannabis, providing a huge step as the country moves to reap big from the lucrative medical plant. Last year on October 12, 2021, the Rwandan cabinet…
What You Didn’t Know About the New Energy Cloud Mining Farm ‘CGMDminer’ that Allows You to Easily Earn Cryptocurrency
In the rapidly advancing world of cryptocurrency, CGMD Miner has positioned itself at the forefront of sustainable and eco-friendly mining solutions. As global awareness around environmental impact intensifies, it is leading the charge in integrating renewable energy sources into the cryptocurrency mining process. Embracing Green Energy in Mining Operations CGMD Miner recognizes the critical importance…
WhatsApp Down: App Not Working As Users Unable To Send or Receive Messages
WhatsApp has broken, with users unable to send or receive messages. The world’s most popular messaging app appears to have stopped working, potentially affecting billions of users. The app would allow people to type messages to friends and then press send. But they then became stuck, never actually delivering. The issues led to a huge spike…