Business News
Police Hunt For UPDF Soldier Over Ntinda Traffic Officer Shooting
A joint team of security is hunting for a UPDF soldier who shot and injured a traffic police officer trying to tow army vehicle that was involved in an accident on wee hours of Sunday morning in Ntinda,a leafy Kampala suburb. The traffic officer who was involved in the scuffle has been identified as Police…
Former LOP Winnie Kiiza Hailed For Championing Democracy
The former Leader of the Opposition, Hon. Winnie Kiiza has commended Parliament for being an institution that promotes democracy, good governance and being accessible to the ordinary people. Kiiza made these remarks while receiving a service award from the Deputy Clerk to Parliament, Henry Waiswa at the end of last week. Kiiza said that it…
U Turn: DPP Takes Over Pastor Bugingo-Makula Marriage Case
The Directorate of Public Prosecutions (DPP) decided to take over the criminal proceedings instituted against Pastor Aloysius Bugingo and his female friend Makula Susan Nantaba. City Lawyers Male Mabirizi and Robert Rutaro dragged the two to court accusing Makula and Bugingo of contracting a traditional marriage while he is still legally married to Teddy Naluswa.…
Four Perish In Buikwe Road Accident
Police at Najjembe Trading Centre, along Jinja- Kampala Highway in Buikwe district has started Investigating a fatal accident which claimed lives of four people which on Friday 14th January 2022. The accident involved a Tata lorry registration number UAX 660C and commuter taxi. The lorry which was moving from Jinja towards Kampala.tried to dodge a…
Tayebwa Is a Rear Breed Of a Leader-West Ankole Diocese Bishop Johnson Twinomujuni Commends
West Ankole Diocese, Bishop Johnson Twinomujuni has applauded Government Chief Whip Thomas Tayebwa for the excellent leadership he is offering to the Country. While presiding over the burial of Former Member of Parliament for Bushenyi-Ishaka Municipality, Arinda Gordon Cowboy at his family home in Kyeizooba Mwenguura Bushenyi District, Bishop Twinomujuni stressed that indeed the elevation…
Business
Women’s Day 2022: Jyotsna Ruparelia To Headline Indian Women Entrepreneur Conclave, Applauds Women For Their Pivotal Role In Economic Transformation Across The Globe
While Celebrating International Women’s day, Businesswoman, entrepreneur, and wife to city tycoon Sudhir Ruperala, Jyotsna Ruparelia has applauded fellow women for their big roles in economic, social, and cultural development not only in Uganda but across the Globe. In her international women’s day message, Jyotsna noted that women should be celebrated for their visionary, courageous,…
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…