Business News
IGG Drops Corruption Charges Against Three OPM Officials
Three officers from the Office of the Prime Minister (OPM) have been acquitted of corruption charges by the Inspector General of Government (IGG). Geoffrey Sseremba, the Accounting Officer, Deogratius Masagazi, the Under Secretary/Head of Department, Pacification and Development Programme, Tracy Atuhirwe, an accountant, together with Minister Mary Gorreti Kitutu Kimono, have been facing trial for…
UWA Boss Mugisa Grilled For Causing Loss Of 180M In Contracting Firm
Members of Parliament sitting on the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) have interrogated Uganda Wildlife Authority (UWA) officials regarding a loss of Shs180 million incurred in a contract related to the gorilla permit system. The inquiry was prompted by revelations from the December 2023 Auditor General’s report, highlighting discrepancies in a…
UPDF Recovers Four Bodies After Boat Capsized On Lake Victoria
The UPDF marine forces have recovered four bodies from Lake Victoria while two are still missing after the boat they were travelling in capsized and six people drowned. This tragic accident happened on March 12, 2024, at around 4:00 am as the 16 traders were travelling from Zinga Island in the Bussi sub-county and were…
Lawyers Muwema, Basalilwa Wage A War Against Rampant Counterfeit Goods
In a bid to combat the rampant spread of counterfeit goods and bolster the economy, Parliament has embarked on a significant journey with the initiation of public consultations on the Anti-Counterfeit Goods Bill, of 2023. Spearheaded by Hon. Asuman Basalirwa (JEEMA, Bugiri Municipality) and supported by Hon. Jonathan Ebwalu (Indep., Soroti West Division), this legislative…
5 Suspects Remanded To Luzira Prison Over Murder Of Eng Bbosa
Five suspects linked to the alleged murder of Eng. Daniel Bbosa, on the 25.02.2024 at Kikandwa village, Lungujja-Rubaga Division, in the Kampala District have been remanded to Luzira Prison by Mengo court. The suspects who with malice aforethought, unlawfully caused the death of the victim, include; Lujja Noah, a 21 year old, Mason of Kabanga…
Business
‘You Order, We Deliver’- Luxurious Speke Hotel Unveils a Home Delivery Policy To Save Clients From Unnecessary Movements
Situated at the heart of Kampala City, just 20 minutes’ drive from Entebbe International Airport, and close to banks and business centers, Speke Hotel offers all the charms of bygone days complimented by efficient, modern services and facilities with its sumptuous restaurant and heavily stocked bar to break your busy day into a smooth one via its…
“Apartments Revolution”- A Look At How All These Fancy Apartments Are Changing The Face Of Hospitality Industry In Uganda
The real estate and hospitality sub sectors are going through a bumpy time having to deal with the economic shocks facing the country. These two are playing hard to survive by being responsive to the economic demands. Investment is hard to come by. However the Ruparelia Group under the direction of Dr Sudhir Ruparelia has…
“I Put Lots Of Money & 25 Years Of My Time and You Steal My bank! BoU & It’s Mafias Must Pay For Their Sins For Stealing My Bank – Sudhir
Several public officials, most recently Investment Minister Evelyn Anite have talked about “mafia” in government but one man Dr. Sudhir Ruparelia knows how to win against them. And unlike public figures who fear to mention the mafia, Sudhir didn’t shy away from saying that former BoU Executive Director In Charge of Commercial Bank Supervision Justine…
“President Museveni Misguided By Technocrats On Uganda’s Economy”- Lawyer Mulangira
City Lawyer and political analyst Kaweesa Hope Mulangira has come out to say that it looks like the President of Uganda Gen Yoweri Kaguta Museveni is being misguided by the technical people who tell lies about the reality of the economy just to impress him. Counsel Mulangira’s words come at a time when the world…
“The future i see is people will have upcountry homes and only do apartments in cities” – Sudhir Advises Youth To Go Into Real Estate Business
Billionaire and Chairman Ruparelia Group of Companies, Sudhir Ruparelia has advised Ugandans to put their money in the real estate business because it’s one of the few businesses that can endure storms of Uganda’s economy. In an exclusive interview with this website, the real estate mogul told Ugandans not to take the Real Estate business…
“You exceeded your mandate and acted without jurisdiction, thus illegally,”- Court Dustbins COSASE Report On Asian Properties Already Handled By Court And Other Processes
Parliament’s committee on Sub-Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) have been dealt a blow after court ruled that its subcommittee did its work illegally as it tried to act as court in investigating properties under the Departed Asians Property Custodian Board (DAPCB). Mohamed Allibhai, the applicant had dragged the Attorney General to…