Breaking News
Prof Ephraim Kamuntu’s Son ‘Ruchwere’ Succumbs To Covid-19
Senior Presidential Adviser in charge of Economic and manifesto implementation Prof Ephraim Kamuntu has lost a son, The Capital Times has learnt. Henry Ruchwere Kamuntu, a renowned banker died on Thursday after losing a battle to the novel coronavirus. Ruchwere has been working with Stanbic Bank Uganda Country office as the Head of Power and…
Deputy Speaker Tayebwa Warns Accounting Officers Against Bribing MPs To Increase Project Funds
The Deputy Speaker of Parliament, Thomas Tayebwa has cautioned Accounting Officers of government Ministries, Departments and Agencies (MDAs) against acts of securing higher budgets than what the Finance Ministry allocates for projects by promising to give out kickbacks to legislators sitting on relevant committees. Tayebwa made remarks on Friday July, 8, 2022 at Hotel Africana…
UPC Advises Mobile Money Operators On Armed Attacks,Warns Against Vote Rigging In Oyam North
Uganda Peoples Congress ‘UPC’ has reiterated the caution by the Party President Hon. Jimmy Akena during the campaigns that no individual should dare to employ vote rigging schemes, during voting and vote counting in the Oyam North County by elections.Arach Oyat Sharon, the party Spokesperson said they have eyes everywhere deployed and they are ready…
Breaking: Barcelona Sack Setien After Champions League Humiliation
Barcelona Football Club have sacked head coach Quique Setien after a trophy-less campaign that culminated in European humiliation. The club announced the decision on Monday, just days after the club were embarrassed in the Champions League quarter-finals in a record-breaking loss to Bayern Munich. Having already been beaten to the Liga title by arch-rivals Real Madrid, Barcelona were annihilated 8-2…
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Ugandan Billionaire Sudhir Ruparelia Ranked Among East Africa’s Asian Kings Of Cash
Across East Africa, and Africa as a whole, Asian entrepreneurs stand out for their success and longevity. According to one Aly-Khan Satchu, a Kenyan-Asian financial analyst and CEO of investment advisory firm Rich Management, Asian-owned companies have been embedded in the African ecosystem for more than a century. “For example, my family came to East…
EOC Boss Ntambi Troubles Escalate As Solicitor General Gives Advice On Her Interdiction
The Solicitor General has provided advice on the interdiction of the Chairperson Equal Opportunities Commission (EOC), Sylvia Muwebwa Ntambi. His advice comes after the Director of Public Prosecutions (DPP) asked Ntambi’s Ministry, the Ministry of Gender, to throw her out after she has been charged with corruption. The DPP feared that Ntambi’s stay in office…
Dr. Nandi Netumbo Invites Tycoon Hamis Kiggundu to Build Modern Stadium in Namibia
Earlier today a Non-Aligned Movement (NAM) delegation, from Namibia headed by the president in waiting and the first-ever female president to be for Namibia Hon Dr. Nandi Ndaitwah Netumbo, and Uganda-Namibia ambassador H.E Hon Godfrey Kirumira, paid a courtesy visit to Hamz Stadium at Nakivubo war Memorial Grounds. The delegation was greatly fascinated by the…
Fuel Taxes Go Up ,Alcohol Relaxed As MPs Pass Excise Duty Bill For 2020/21 Budget
Parliament has passed the Excise Duty (Amendment) Bill, 2020 with amendments which will see an increase in the taxes levied on petrol and diesel effective 01 July 2020. The tax on petrol has been increased from Shs1,200 per litre to Shs 1,350 per litre and that of diesel from Shs 880 to Shs 1,030 reflecting…
BoU Loses Billions In Foreign Investments
BoU earns most of its income from investing the bulk of Uganda’s foreign exchange reserves in the said bonds, a practice referred to as investment in fixed income assets. Central banks, experts say, use sale of bonds as a tool to increase bank reserves and lower interest rates. When they buy bonds, money flows from…
Hima Cement Factory Halts Operations After Fire Outbreak
Hima Factory in Kasese District has suspended operations after a Saturday fire outbreak that left three factory workers dead and properties worth millions destroyed. Six other factory employees were injured with three in critical condition. Jean-Micheal Pons, the country Chief Executive Officer Hima Cement said in a statement that operations at the factory have since…
