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Military,Police Raid 184 Electronics Shops In Kampala Arcades, 230 Thieving Traders Arrested

The police and sister security agencies has conducted a total of 11, separate but well conducted raids targeting stolen items within the Kampala Metropolitan area. The raids covered 184 shops and yards that were selling suspected stolen items. 230 arrests and several recoveries were made. The operations were based on intelligence, following several thefts from…

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BoU Report To Museveni – “Simbamanyo Estate Was Auctioned In Accordance With Provisions Of The Mortgage Act & the Mortgage Regulations To The highest Bidders”

Bank of Uganda has defended the decision by Equity Bank to auction Simbamanyo House and Afrique Suits saying the transaction was done under the law. BoU says Simbamanyo and Mr. Kamya failed to respect their loan obligation when they (Kamya) failed to payback the loan as agreed by parties as he continued receiving money from…

Crown Beverages LTD Injects 500M In FUFA Partnership Deal

Crown Beverages Limited (CBL), the bottlers of Nivana Packaged Drinking Water, Pepsi Cola, Mirinda, Mountain Dew, Evervess as well as Sting Energy Drink and The Federation of Uganda Football Association (FUFA) have today officially signed a memorandum of understanding in which Nivana will become the Official Water partner to FUFA. The Ushs. 500 million partnership…

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