Business News
Woman Disguises As State House Official, Cons UGX32 Mllion From City Pastor
A woman identified as Valentine Agwang Kasaija, who purports to work with State House, is being hunted over allegations that she conned Shs 32, 250,000 (thirty-two million, two hundred and fifty thousand) from a city pastor, under the pretext of organizing a meeting between him and President Yoweri Museveni. Agwang is accused by Pastor David…
20 Students Arrested In Soroti Over Strike
20 students of Olila High School in Soroti city have been arrested for alleged involvement in a strike. The students went rowdy on Sunday evening after an S.4 student was assaulted by a teacher for allegedly escaping from school. One of the security guards at the school says that the teachers and security personnel were…
PROFILE: Who Exactly Was Jacob Oulanyah, The Man Who Beat Kadaga To Become Uganda’s 11th Speaker Of Parliament
The Speaker of Parliament of Uganda, Rt.Hon Jacob Oulanya has died, President Yoweri Kaguta Museveni has confirmed. General Museveni announced in a tweet that on Sunday morning he got news about Oulanyah’s death at 10.30am. “Countrymen and Countrywomen. It is with a lot of sadness that I announce the death of the Rt. Hon. Jacob…
Parliament Orders Closure Of Fuelex Petrol Stations For Adulterating Fuel
The Parliamentary Committee on Trade And Industry led by Mbarara City South Member of Parliament Mwine Mpaka on Thursday March 17th, 2022 ordered the closure of two fuel stations, after it was discovered that the operators of the said stations were adulterating the fuel. Preliminary investigations indicate that several pump attendants were arrested while others…
Big Story: Parliament Probes UETCL Bosses Over Corruption, Mismanagement & Controversial UGX 28Billion Compensation Deal
Members of Parliament on the Committee on Environment and Natural Resources are probing allegations of mismanagement and corruption at Uganda Electricity Transmission Company Ltd (UETCL). While interfacing with the board members of UETCL on Thursday, 17 March 2022, the Committee Chairperson, Hon. Emmanuel Otaala expressed concern about the mismanagement of the company resulting from a…
Business
Why YY Coaches Have Shut Down Business?
YY coach services following a spate of accidents in just a month have compelled them to first put their hands off as they try to find a solution to the unending causes of accidents on road by their drivers and buses. The company has 50 buses plying different routes in Eastern and Northern parts of…
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…