Business News
Just In: Former Museveni’s Press Secretary Onapito Ekomoloit Passes On
Former President Yoweri Kaguta Museveni’s Press Secretary Francis Onapito Ekomoloit has kicked the bucket. Ona commonly known in media circles was a celebrated journalist and political commentator. The former Amuria County MP and regular panelist on KFM was announced dead on Friday morning after a short illness. On behalf of the Teso community and the…
Final Census 2024 Results To Be Released On 3rd October- UBOS
The executive Director of Uganda Bureau of Statistics (UBOS) Dr Chris Mukiza has revealed that the Bureau will release the final results of the recently concluded National Census and Housing Population on 3rd October 2024 at Serena Hotel in Kampala, we have learned. ED Mukiza’s letter UBOS is an independent Ugandan body that is responsible…
Who Is Frank Rusa Nyakana ‘The Acting’ KCCA Executive Director
President Yoweri Museveni has appointed Frank Nyakaana Rusa as the new acting Executive Director of Kampala Capital City Authority (KCCA), replacing Dorothy Kisaka who was dismissed alongside her deputy Eng. David Luyimbazi and Dr. Daniel Okello, Director of Public Health, following the tragic Kiteezi landfill incident that claimed over 30 lives. Frank Rusa, a seasoned…
Lt Gen Elwelu To Unleash Tsunami To Corrupt Officials Delaying Water Projects
Hon Lt Gen Peter Elwelu, Senior Presidential Adviser (SPA) and Head of the Karamoja-Teso Governance Monitoring Mechanism, has launched a comprehensive field monitoring of ongoing water infrastructure projects in Karamoja Sub-region. The initiative kicked off in Napak district today, followed by a meeting with officials in Moroto district, where the local water officer presented a…
DS Tayebwa Woos Chinese Lawmakers To Invest In Uganda’s Tourism Sector
The Deputy Speaker of Parliament, Thomas Tayebwa, has asked a visiting delegation of Chinese legislators to use their influence to promote Uganda as one of the tourism destinations for their citizenry. “We hope your visit will help raise the profile of Uganda in China as a destination for Chinese tourists, we appeal to you to…
Business
BIG STORY: Supreme Court Dustbins BOU Appeal Against Sudhir, Meera Inv’ts – Ordered To Cough Billions In Costs & Return His Bank
The Supreme Court in Kampala has dismissed the appeal filed by Bank of Uganda – BoU ( in Crane Bank Receivership) against Businessman Sudhir Ruparelia and Meera Investments Limited as the five-year court battle comes to a grand end. In a ruling delivered on Friday, February 11, 2022, Supreme Court ruled that BoU reverts Crane…
Big Story: Tirupati Dev’t Drags Bank Of Uganda, KCB To Court Over Money Laundering, Fraud
The management of Tirupati Development Uganda (TDU) has dragged KCB Uganda and KCB Kenya, accusing both banks of among other misdeeds, money laundering and fraudulently debiting the company accounts under the auspices of clearing a loan of USD70,000 which they secured from the bank. Documents filed in court through their lawyers of Aegis Advocates and…
Big Story: Uganda Airlines To Save Over UGX 905M Monthly After Starting Self-Handling Project In the First Quarter Of 2022
Uganda Airlines has revealed that it is set to roll out its Self-Handling Project before the First Quarter of 2022 ends. This was confirmed by Shakila Rahim Lamar, the Corporate Affairs & Public Relations Manager at Uganda Airlines in a recent interview. “This will involve passenger, baggage and cargo handling, maintenance, security, and general ground operations,” Lamar…
Big Story: URA Reshuffles Entire Customs Department
Uganda Revenue Authority (URA) has transferred 211 officers working in the Customs Department across the country. The new changes were released by Commissioner Customs Abel Kagumire who also shared the memo to the Commissioner General John Rujooki on Monday June 29. Mr Kagumire said the changes take effect on July 1- Wednesday. Whereas it remains…
Big Story! How Indians Arrested Selling Fake URA Invoices For Years Walk Scot-free After Paying Fine of Paltry UGX 20m
“Once a thief, always a thief,” goes an old African adage which demystifies how complicated it is to abandon a certain character or behaviour by an individual. This explains why Courts of Judicature most times downplay narratives by culprits arraigned before judges as “first time offenders” and therefore should be exonerated. They are either sentenced…
Bill Gates Donates $10m To Fight Locusts In East Africa
The Bill and Melinda Gates Foundation has donated $10m (£7.7m) to help fight locusts in the East African region. The contribution will be given to the UN’s Food and Agriculture Organisation (FAO) that appealed for funds to fight the locust invasion that is threatening food security. FAO Director-General QU Dongyu has thanked the foundation…