Business News
Court Issues Fresh Criminal Summons Against Bobi Wine
The Law Development Center-LDC Court has issued fresh criminal summons against former presidential candidate Robert Kyagulanyi for allegedly obtaining registration to Makerere University by false pretence. This is after Kyagulanyi failed to appear before the court twice on November 4 and 7. “You are hereby commanded by the Uganda government to appear in this court…
Butambala Bans Transportation Of Livestock At Night
Butambala district has banned the transportation of meat and animals at night in a bid to curb the rampant theft of livestock. Fred Paks Kalema, the Butambala Resident District Commissioner says that they have received numerous complaints from farmers regarding the theft of livestock and poultry. He says that the animals stolen include heads of…
On Spot! Squatters Accuse Police Of Brutality
Squatters neighboring Masese landing site community police station on Thursday accused a section of police personnel of repeatedly harassing them. The 10 squatter families residing adjacent to the police station say that police officers ranging from the ranks of inspectors of police to assistant superintendents of police, have often threatened them with eviction, yet they…
Man In Trouble For Allegedly Forging Omukama Iguru’s Signature To Grab 2,000 Acres Of Land
Gideon Tumwebaze, the chairman of Tulipona Veterans Association is in trouble for allegedly forging a letter and signature of Dr Solomon Gafabusa Iguru, the King of Bunyoro Kitara Kingdom to allegedly grab 2,000 acres of land in Kikuube district. The land that is located in Nyairongo village, Kabwoya sub county within Bugoma Central Forest Reserve…
Bomb Explosion Kills One,Four Injured in Nakaseke
A bomb explosion has killed one person on the spot and injured four others critically in Kapeeka trading center, Nakaseke district. The incident occurred at around 9:00am in Kapeeka central ward, Kapeeka town council. Moses Ssenfuma, the LC3 chairperson of Kapeeka sub-county says that the blast is believed to have occurred after the victims picked…
Business
Works Ministry Takes Over Motor vehicle Registration From URA
Uganda Revenue Authority ‘URA’ has today handed over motorvehicle registration to Ministry of works and Transport (MoWT) following the Government decision to transfer the administration and management of the Motor Vehicle Registration function. The mandate to register and license motor vehicles in Uganda will be a responsibility of the Ministry of Works and Transport today.…
World Bank Donates Shs57 Billion In Fight Against Covid-19 Pandemic
The World Bank Uganda office has donated Uganda Shillings 57bn (USD 15m) towards the country’s fight to the spread of coronavirus. The money according to Antony Thompson, the World Bank Uganda Country director, will be re-allocated from the Reproductive Maternal and Child Health Services Improvement Project. The money will be put back from the Fast-Track…
World Bank, UBOS To Release Joint Statement On ‘Middle Income’
The Uganda Bureau of Statistics-UBOS and the World Bank have disagreed on the methodology used in determining the country’s economic status. They will however release a joint statement in the next 24 hours on Uganda’s status. In his State of the Nation Address on June 7, President Yoweri Museveni said that Uganda would achieve the…
World Bank: Russia-Ukraine War Dampens Uganda’s Economic Growth
New global shocks and the impacts of the Russia-Ukraine war has dampened Uganda’s economic growth prospects amidst the waning coronavirus pandemic and full re-opening of the economy and a clearer outlook for oil production following signing of the Final Investment Decision in February this year. Uganda’s economy is now estimated to grow at 3.7 percent…
Worry As Illicit Financial Flows Threaten Security & Stability In Africa
At a time when Africa is mobilizing resources for pandemic recovery and sustainable development, illicit financial flows (IFFs) are robbing the continent of 50 billion U.S. dollars annually, UN Deputy Secretary-General Amina Mohammed told a high-level virtual meeting on Thursday held under the African Union’s (AU) “Silencing the Guns” initiative. These staggering losses “would be…
You Need Patience To Succeed – Sudhir
What you need to know: He drove a taxi and worked multiple ‘kyeyo’ jobs as he pursued studies in London saving up USD25,000, which he has used to build a business empire now employing over 6,000 people in Uganda, Jobs and Careers. We exclusively speak to Dr. Sudhir Ruparelia on his journey to a successful…