Breaking News
Panic As Uganda’s Daily Covid-19 Cases Skyrocket To Another Record
The pace of new COVID-19 cases in Uganda has hit a new daily record today as the ministry of health confirms 1,566 new cases. The cumulative confirmed cases are 58,515. Yesterday the ministry reported a record of 1,438 new cases which has today been broken. The breakdown of the new cases are; 1,566 contacts and…
UPC Asks Private Media Owners To Dialogue With Govt To Rescind Presidential Directive On Adverts
Uganda Peoples Congress ‘UPC’ party has called upon the private media owners for constructive engagements and dialogue with government that seeks an amicable solution with focus on a percentage share of government adverts between public and private media to remove the on going impasse. While addressing the press on Wednesday,head of communication at UPC Mr…
Milestones Achieved: Uganda,Tanzania Secure $3.55 Billion As East Africa Oil Pipeline Project Commences
The $3.55 billion East African Crude Oil Pipeline (EACOP) project, aimed at transporting crude oil from Uganda to Tanzania’s Tanga port, is progressing steadily, according to Uganda’s Energy Minister, Ruth Nankabirwa. Spanning 1,443 kilometers, the pipeline has hit several significant milestones, marking an important phase in East Africa’s oil production journey. Minister Nankabirwa confirmed the…
Big Fraud! Gov’t Tasked To Recover Over UGX15.7 Bn Wrongly Paid To Roko
Government has been tasked to recover the payment made to ROKO Construction totaling 15.72 billion Shillings irregularly paid in regard to the Nakawa-Naguru land. The payment is deemed irregular because claims by third parties against government were not allowed and ROKO could only claim against its client OPEC. This decision taken by Parliament on Wednesday…
News
Oil Prices Fall Amid Iran Talks, Ukraine Crisis
Oil Prices dropped on Thursday as investors assessed geopolitical risks. The West Texas Intermediate for March delivery lost 1.9 U.S. dollars, or 2 percent, to settle at 91.76 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 1.84 dollars, or 1.9 percent, to close at 92.97 dollars a barrel…
Dfcu Bank Ordered To Vacate All Sudhir’s Properties Within 3 Months
In a groundbreaking verdict, dfcu Bank has been directed to vacate a set of prime properties owned by Mera Investments within the coming three months. Mera Investments is owned by prominent businessman Sudhir Ruparelia. This momentous ruling was issued by Justice Tadeo Asiimwe, a distinguished Land Division Judge at the High Court, following an extended legal…
Go & Make Money: Gender Ministry Approves Premier Recruitment To Export Over 200 Workers
The Ministry of Gender, Labour and Social Development has approved Premier Recruitment Limited’s request to export labour hence providing employment opportunities to Ugandans who want to work abroad. According to a letter from Lawrence Egulu, on behalf of the ministry’s permanent secretary, they have evaluated and approved Premier Recruitment Limited to export 200 workers to…
Why The Case Of Ham Enterprises Vs DTB Must Be A Concern To The Wider Business Community In Uganda
By Fred Mwebya All over the world, countries grow and develop as a result of how strong and respected their systems and structures are. There is no doubt that fundamental growth and development depends on the prevailing economic, political and legal structures of a given nation or community. Unfortunately in many African communities little attention…
Big Story: Executive Director, 3 Top Managers Resign As Tropical Bank Runs Bankrupt
Panic and tension have engulfed the Kampala road based Tropical Bank after almost the entire senior management tendered in their resignation. According to a highly placed source with the bank, those who have handed in their resignations include the Executive Director Denis Muganga Kakeeto, Hussein Sentamu the Head Credit Department and a one Maurice the…
Big Story: Uganda Airlines To Save Over UGX 905M Monthly After Starting Self-Handling Project In the First Quarter Of 2022
Uganda Airlines has revealed that it is set to roll out its Self-Handling Project before the First Quarter of 2022 ends. This was confirmed by Shakila Rahim Lamar, the Corporate Affairs & Public Relations Manager at Uganda Airlines in a recent interview. “This will involve passenger, baggage and cargo handling, maintenance, security, and general ground operations,” Lamar…
