Business News
Nakawa Court Releases Four Anti-Corruption Protesters
The Nakawa Chief Magistrates Court has granted bail to four individuals involved in the recent March to Parliament demonstration against corruption among Members of Parliament and other government officials in Uganda. The protesters, identified as Faiza Salima, Dr. Thomas Kanzira, Bernard Ewalu Olupot, and Hamala Edgar Barlow, were granted bail set at Ugx 200,000 in…
UPDF, FARDC Successfully Rescue 23 ADF Abductees
In a joint operation, the Uganda Peoples’ Defence Forces (UPDF) and the Armed Forces of the Democratic Republic of Congo (FARDC) have successfully rescued 23 individuals, including 13 minors, from the clutches of the Allied Democratic Forces (ADF) terrorists. The operation, codenamed “Operation Shujaa,” took place near River Malibongo, North of Tokomeka in Ituri Province.…
Invisible Hand Cited: MPs Plan To Block Appointment Of Former Convict David Kalemera To Head Revenue Intelligence Unit
President Museveni recently appointed Kalemera to head the State House Revenue Intelligence and Strategic Operations Unit, which will carry out oversight of the Uganda Revenue Authority and fight corruption within the tax administration system. The opposition legislators have asked Parliament to block the appointment of David Karemera as the new head of the State House…
Museveni Wants Fallen NRM Vice Chairman Aleper Simon To Be Recognized As A Martyr
President Yoweri Museveni who is the NRM National Chairman has described the late Hon. Aleper Simon Peter as a martyr who died while fighting for the development of Karamoja region. Aleper who died in an accident along Mbale-Iganga highway has been serving as the NRM Vice Chairman for Karamoja region. President Museveni said that Aleper…
3 Notorious Suspects Masterminding Murders,Robberies Arrested With A Gun
The Joint Security Forces have arrested the prime suspects linked to Karamoja murders and robberies, and one firearm has been recovered with three live rounds of ammunition. On Thursday, July 25, 20224, Major Isaac Oware, the Public Information Officer III Division Moroto, confirmed this development in a statement. According to Maj. Oware, the prime suspect,…
Business
Business Mogul Sudhir Explains Why Luxury Goods Should Be Banned In Africa
It may not go down well with the rich and powerful, but Uganda’s richest man, Sudhir Ruparelia is advocating a ban on the import of luxury goods into Africa to help it ride out the gathering world economic storm. In an exclusive interview with Billionaire Tomorrow, Sudhir Ruparelia says he has seen it all in the last…
Business Talk: American Actor Terrence Howard Meet City Tycoon Sudhir Ruparelia
American Actor Terrence Howard has held a closed-door meeting with city businessman Sudhir, Ruparelia, Frank Tumwebaze, the Minister For Agriculture, Animal Industries and Fisheries at Speke resort Munyonyo. Although we are yet to reveal the details of the meeting, our sources confirmed that the two business giants are likely to ink a business partnership that…
Business Tips: Think Again & Invest, Numbers Do Not Lie – Tycoon Rajiv Speaks!
Last month, the Ruparelia Group, unveiled Bukoto Living, 9-floor condominium homes project – altogether, 27 homes in a 2-3-4- and 5-bedroom configuration, in Bukoto, Kampala. The affluent suburb of Bukoto and the surrounding Naguru, Ntinda is a mixed residential and commercial areas, with a large number of small businesses, NGOs, supermarkets, hospitals, schools and upscale…
Busted: Bribes, Witch-hunt in COSASE Probe: Why At least 5 MPs Aborted Signing On Kasozi’s Report on Asian Properties
Five legislators who are among twelve subcommittee members on the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) didn’t append their signatures to ratify their participation in the investigations of operations of Departed Asian Property Custodian Board (DAPCB). The investigation which lasted for 2 years saw the subcommittee chaired by defeated Makindye East MP…
Busted: Details On How Controversial Businessman Eriya Mubiru Faked Academic Papers To Get Juicy Engineering Contracts From Government
Controversial local businessman Eriya Mubiru has been in the news for weeks now following his arrest in Dubai, United Arab Emirates (UAE). Mubiru was arrested after extorting Shs 2 billion from a UAE businessman. He is still under detention pending investigations into fraud allegations. Mubiru known for obtaining mega contracts from the Ministry of Defense,…
Busted: Former MPs On Spot For Asking Bribes From Owners Of Departed Asians Properties
Former Members of Parliament on committee on Commissions, Statutory Authorities and State Enterprises (COSASE) are being accused by city landlords of witch-hunt in the ongoing row involving properties of Departed Asians. According to Eagle Online news website, the new MPs are finding it hard in implementing some of the resolutions passed by the former legislators…