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Victorious Billionaire ‘Sudhir Ruparelia’ Gives More Headache To Troubled BoU; Bills Over UGX 200 Billion For All Costs
Tycoon Sudhir Ruparelia who last week again floored Bank of Uganda in Court, has tabled a bill of UGX200billion for all the costs. Last week, Supreme Court ordered BoU to directly pay costs at all Court levels and ordered that the Bank be reverted to Sudhir and the stakeholders, a ruling that effectively settled a…
Victoria University To Host Business Mogul Maggie Kigozi To Tip Ugandans On Business & Failure Of Family Businesses
It is believed that family businesses account for 80% of companies globally but despite this milestone, according to researchers, only 30% survive to the second generation, 12% transit into the third generation and only 3% reach the fourth generation. This means that while many families start businesses, they quickly die once the proprietor dies. This…
UWA Boss Reshuffles Over 100 Staff, Suspends 6 Over Fraud, Money Swindling
Over 6 employees of Uganda Wildlife Authority (UWA)’s reservation and booking section have been suspended over alleged fraudulent practices. TheCapitaltimes has established that majority of the culprits, ironically, are ladies and according to a credible source inside UWA insiders, the alledged culprits will be investigated (while on suspension) for conniving with private tour operators to…
URA’s Shs25 Trillion Target Plan
Uganda Revenue Authority Commissioner General John Rujoki Musinguzi has outlined his plan that will make it possible for him to achieve the Shs25.1tn target for FY2022/23 set by the Minister of Finance Planning and Economic Development. Speaking to journalists at the Authority’s headquarters in Nakawa Kampala Musinguzi said, “I must note that the revenue mobilisation…
URA’s Kateshumbwa’s Wealth Shocks Museveni As Investigation Bite
The President of Uganda Gen. Yoweri Kaguta Museveni is under shock after learning of the immense wealth of exiting top Uganda Revenue Authority (URA) Officials. The shock follows an investigation on how sacked top (URA) corruptly acquired a lot of wealth for the period they’ve spent in the Authority. TheCapitaltimes has learnt that Museveni’s investigations…
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Wild Cheers As VP Alupo Flags Off Construction of Okore Seed Secondary School
The Vice President of Uganda Rtd. Maj. Jessica Alupo has flagged off the construction of Okore Seed Secondary School in Kelim village, Okore sub-county, Ngariam county. This event was filled with happiness, as the government, through the Ministry of Education, granted Katakwi District another secondary school. The atmosphere was vibrant with smiles, laughter, and amusement,…
Wife Stabs Makindye Royal College Head Teacher To Death Over Unborn Baby
Katwe Police are investigating a case of suspected murder by stabbing in a domestic brawl. Kampala metropolitan police spokesperson Patrick Onyango revealed that on 18.4.2020 at Makindye Police Station,in Kirundu Zone, Luwafu Parish, Makindye Division, Police officers at the Counter heard a woman calling for help. “The law enforcement officers immediately rushed to the scene…
Wife Kills Saracen Guard For Denying Her Sex
Jinja Road police has arrested a woman identified as Evelyn Nandutu on allegations of killing her husband Justus Okumu, a security guard attached to Saracen during a domestic brawl for denying him sex for so long. Kampala Metropolitan deputy police spokesperson Luke Owoyesigyire said Okumu’s body was found about five metres from the couple’s home…
Widow, Orphans Languish As UPDF Lt. Col Nyakaisiki Carol Grabs Late Brother’s Property, Dragged To Court
A high ranking officer of the Uganda Peoples Defence Forces (UPDF) is accused by her family members of allegedly grabbing her late brother’s properties, leaving the widow and orphans to languish in poverty. Lt. Col. Nyakaisiki Carol Basaliza, is alleged to have grabbed the property that was left behind by her deceased brother Maj. Francis…