Business News
Finally: Govt Releases 1.2Bn For Oulanyah’s Burial Arrangements
Government of Uganda has finally released the Shs1.2 billion cash meant for the burial arrangements of former Speaker Jacob L’Okori Oulanyah. The development was confirmed by Mr. Chris Obore, the Director of Communication and Public Affairs at Parliament in a Monday evening statement on his twitter account “I can now confirm that the Finance Ministry…
Prime Suspect Who Tortured City Plumber In Gaba Lovely Guest House Arrested
Police detectives in Crime intelligence department have arrested the main suspect who was behind the torture of a plumber one Njuba Brian who was captured in video while being tortured that went viral on social media platforms. The Victim was seen tied with barbed wires and was burnt with a burning Jerry can while in…
M23 Rebels Say Ready For Peace Talks With DRC Gov’t
M23 rebels have declared a unilateral ceasefire to pave way for dialogue with the government of the Democratic Republic of Congo-DRC. This comes after a week of heavy fighting between the rebels and government troops on Rutshuru Territory, North Kivu province about three kilometers to the main border of Uganda-DRC. The rebels captured three military…
Uganda Airlines Completes Plans To Expand Wings To London, India, DRC
Uganda Airlines has completed feasibility studies on a number of routes the National Carrier plans to fly to. Key among other routes are; Mumbai in India, London in United Kingdom, Goma and Lubumbashi (both in the Democratic Republic of Congo). Shakila Rahim Lamar, the Corporate Affairs & Public Relations Manager at Uganda Airlines, says having…
Property Worth Millions Lost As Fire Guts Ministry Of Agriculture Stores
Fire has gutted the agri-chemicals and equipment central store of the Ministry of Agriculture, Animals Industries and Fisheries along Buganda road in Wandegeya in Kampala. The store shares the same compound with the Uganda Trypanosomiasis Control Council and Uganda Veterinary Board offices. Eyewitnesses say the fire spread from a small heap of garbage that was being burnt behind…
Business
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…
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…