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BOU Money Heist: MPs Task Museveni To Appoint Substantive Governor
Members of Parliament on the Committee of Commissions, Statutory Authorities, and State Enterprises (COSASE) have expressed concern over the prolonged absence of a substantive Governor at the Bank of Uganda (BoU). During a meeting on Tuesday, December 17, 2024, to review the Auditor General’s 2023/24 report, lawmakers questioned Deputy Governor Michael Atingi-Ego about the three-year…
Gen Kainerugaba Names Jacqueline Amongin As Teso Women’s Leader For PLU
General Muhoozi Kainerugaba, Chairman of the Patriotic League of Uganda (PLU), has named Hon. Jacqueline Amongin as the Women’s Council Representative for the Teso sub-region. The announcement was confirmed in a letter dated December 17th, signed by PLU Secretary General David Kabanda, which outlined a list of seven leaders appointed to represent the region. The…
Fourteen Candidates Unite to Defend ULS Autonomy, Vow to Challenge Justice Ssekaana’s Injunction
Fourteen candidates vying for the position of Uganda Law Society (ULS) representatives on the Judicial Service Commission (JSC) have joined forces to defend the independence of the ULS, following a court ruling they claim undermines the organization’s autonomy. Speaking at a press briefing held at the ULS headquarters in Kampala, the candidates, through Acting ULS…
Heartless: Assailants Murder Brother Of FDC Top Official In Nakawa
Police in Nakawa are investigating the circumstances under which Ibrahim Ayiko, a brother to the Najjanakumbi FDC electoral commission Deputy Secretary Augustine Ojobire, was brutally stabbed to death. This incident happened on the night of December 16, 2024, in Nakawa division, in the Kampala district. Speaking to the media on December 17, 2024, Ojobire revealed…
Four Arrested Over Death Of Kyambogo University IT Specialist
Police have arrested four suspects in connection with the death of Jacob Akansasira, a 40-year-old IT specialist at Kyambogo University. Akansasira, a resident of Kiwatule in Kampala, succumbed to injuries sustained in a mob attack in Namugongo. According to police spokesperson Rusoke Kituma, the incident began on December 1, 2024, when Akansasira and his family…
Business
“You Will Not Find a Poor Ugandan Asian Anywhere In The world!”- Dr. Sudhir Ruparelia
More than 100 entrepreneurs will fly in from a score of destinations from Canada, Australia, Europe and the Bahamas. They will land in Kampala between August 2 and 4 to raise a glass the anniversary in the luxury Speke Hotel on the shores of Lake Victoria. One of the organisers is the Ugandan billionaire Sudhir…
“Banks Are a Good Source Of Start-Up & Expansion Capital But Not For Long-Term Sustainable Progress” – Businessman Hamis Kiggundu Tips Ugandans
Uganda’s prominent businessman Hamis Kiggundu alias Ham has advised upcoming Ugandan entrepreneurs not to fear using banks for growth and starting up businesses. He, however, cautioned them not to ever rely on such loans as a long-term sustainable muscle of their business expansion because banks will always feast on their businesses since they are driven…
“Business Opportunities Are Many In Uganda”- Says Museveni As He Welcomes More Indian Investments
President Yoweri Kaguta Museveni has requested Indian business people to invest more in Uganda, saying the East African country has several investment opportunities in different sectors. While officiating at the opening of Afro Indian Investment Summit 2022 and the centennial 100 years celebration of Indian Association Uganda on Thursday at Munyonyo Commonwealth Resort Hotel in…
“My Humble Request For This Committee Is To Help Us Get The 10 Acres We Originally Applied For” – Dr Sudhir Ruparelia
Uganda’s largest property developer Tycoon Sudhir Ruparelia has asked parliament to increase on the acreage he was given from three to 10 acres that he applied for to re-develop the area. Dr. Sudhir made a request while appearing before Parliament’s Adhoc Committee investigating irregularities in the sale and give-away of Nakawa Naguru land. “My humble…
“Tax on Withdrawal of Money From Banks? I am Hearing This For the First Time’-Min. Kasaija Denies Own Letter As Netizens Roar
Uganda’s Finance minister, Mr Matia Kasaija, has refuted allegations of a plan by the government to start taxing cash withdrawals from banks. According to a February 9 letter written by Patrick Ocailip, the deputy secretary to the treasury in the Ministry of Finance directed to the Bank of Uganda Governor, the finance ministry is seeking…
10 African Countries With the Best Road Infrastructure
Good roads have become emblematic of a nation’s commitment to progress, offering smoother travel for citizens and visitors alike. The list is courtesy of the International Monetary Fund. The World Bank calls roads the arteries through which the economy pulses. Roads link up producers with markets, get workers to their jobs, help students get to…