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Scandal: MPs Ask Kagina To Renegotiate 691Bn Masaka-Mutukula Road Projects Citing Dubious Deals

The Uganda National Roads Authority (UNRÀ) led by Allen Kagina will have to renegotiate a contract with Chongqing International Construction Corporation (CICO) for the reconstruction of Masaka-Mutukula Road and rehabilitation of several roads in Masaka District, Parliament has guided. The legislators want the China Export & Credit Insurance Corporation (Sinosure) insurance component worth Shs 38.86…

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Broke BoU To Borrow USD500M For Recapitalization

The President of Uganda Gen. Yoweri Kaguta Museveni has endorsed a request by the Ministry of Finance to borrow up to USD500M to recapitalize Bank of Uganda (BoU) and Uganda Development Bank (UDB), following the effects of Coronavirus (COVID-19) on Uganda’s economy. The money, according to credible sources, will come from the International Monetary Fund…

Buganda Land Board Officials Resort To Blackmail After Court Halts Cancellation Of Ham’s Kigo Land Titles

There are unscrupulous individuals at the Buganda Land Board (BLB) who have resorted to blackmail and mudslinging after the Court of Appeal stopped the cancellation of tycoon Hamis Kiggundu’s titles for land he bought in Kigo, off Entebbe Road. It should noted that the Uganda Land Commission in September this year cancelled Ham’s titles for…

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