Breaking News
Two Govt Officials Remanded Over Abuse Of Office
The State House Anti-Corruption Unit (SHAC-U) has joined forces with the Criminal Investigations Department (CID) to take action against government officials involved in abuse of office. In a recent development, two officials from Busolwe Town Council in Butaleja District have been arraigned before the Anti-Corruption Court. According to a statement released by SHAC-U on May…
BoU Issues Guidelines On Covid-19 Crisis, Warns Banks Against Levying Extra Fees
The Bank of Uganda (BoU) has warned financial institutions against levying extra charges or fees when restructuring loans for borrowers as the country grapples with the coronavirus pandemic. In the guidelines issued by the acting Deputy Governor, Dr Adam Mugume, on Tuesday, April 14, the banks must also desist from demanding that some borrowers clear…
Security Arrests NUP’s Bobi Young Over Illegal Possession Of Military-Alike Uniforms
Security agencies have arrested Anthony Twinomujuni, commonly known as Bobi Young, a resident of Mutungo zone Nakawa Division in Kampala, on Thursday, May 23, 2024, after carrying out an intelligence-led operation at his home. According to the Kampala Metropolitan Deputy Police Spokesperson, Patrick Onyango, on searching Bobi Young’s premises, items including ranks resembling those of…
COVID-19 Crisis: East Africa’s Richest Tycoon Dr. Sudhir Gives Advice On Entrepreneurial Ethics and How To Save The Economy
By: Dr. Sudhir Ruparelia Kampala: We are entering into recession period globally and the exception is likely to be India and China with ~2% GDP growth in 2020 which is way below ~5 – 8% in the past several years. For the benefit of all, I am sharing my perspective on such scenario on few…
News
As Simple As That: Dr. Sudhir Tasks Fatboy To Name Manager Who Incited Strike!
East Africa’s Billionaire, Dr. Sudhir Ruparelia has tasked James Onen, popularly known as Fatboy, to name the Sanyu FM Manager who allegedly incited him to lead a staff sit-down strike. This came hours after Onen revealing that Sanyu FM staff did not at any point reject pay cuts despite different reports indicating so. He claims no…
Uganda Sprays Locust Swarms To Protect Coffee Crop, Livestock
Uganda has started to spray swarms of desert locusts that invaded over the weekend, posing a major threat to livestock and key crops such as coffee, a government officials has confirmed. The plague of locusts has already caused extensive damage to pastures and crops and threatened food security in several countries in the east and…
Premier Recruitment Seeks Taxi Drivers, Cleaners, General Assistants, Cargo Loaders, Airport Handles & Warehouse Workers To Work In Middle East
Labour export company Premier Recruitment Limited has received an order to recruit male taxi drivers, cleaners, general assistants, cargo loaders, airport handles and warehouse workers who will be employed to work in Dubai, Qatar and Abu Dhabi. The Capital Times have learnt that Premier Recruitment, a subsidiary of the Ruparelia Group, is already receiving and…
Mining Contracts From $10: How to Invest and Earn Passive Income with Mining
In the ever-changing world of cryptocurrency, every day brings new opportunities and developments. One of the most interesting and promising innovations is cloud mining, a method of mining cryptocurrencies that offers huge benefits to investors and supporters of cryptocurrencies. The leader in this field is the company CGMD Miner, which specializes in cloud mining services.…
‘You Must Pay COVID-19 Rent Arrears’- Gov’t Chief Whip Nankabirwa Tells Traders As Landlords Lock Shops
Government Chief Whip, Ruth Nankabirwa has advised Ugandans to forget about not paying their rent arrears for the months the country was under lockdown. She instead promised to ask government to come up with an affordable credit facility which can help the tenants to overcome the challenges of the COVID-19 pandemic. This is after Speaker…
BoU Sets Pace For Raising Interest Rates
Bank of Uganda has for the first time in the last two years raised the central bank rate by 1% percentage point to 7.5% to tame inflation, setting the pace for commercial banks to raise interest rates. The country’s commercial banks had in the previous months owed to coronavirus pandemic and slow-down in the economy…
