Breaking News
“Banks Are a Good Source Of Start-Up & Expansion Capital But Not For Long-Term Sustainable Progress” – Businessman Hamis Kiggundu Tips Ugandans
Uganda’s prominent businessman Hamis Kiggundu alias Ham has advised upcoming Ugandan entrepreneurs not to fear using banks for growth and starting up businesses. He, however, cautioned them not to ever rely on such loans as a long-term sustainable muscle of their business expansion because banks will always feast on their businesses since they are driven…
US Most Wanted Murder Fugitive Kangethe Re-arrested In East Africa
Kenyan police have re-arrested a fugitive murder suspect who had escaped from police custody, local media report. Kelvin Kangethe, 41, is wanted by US authorities in connection with the killing of his girlfriend in Boston last October. He has not commented on the allegations. He had been detained in Kenya awaiting a decision on whether…
Breaking! Putin’s Bid to Extend Rule Is Approved by Russia’s Parliament
Earlier in the day, the lower house of the Russian parliament, the State Duma, approved the presidential bill on the amendment to the national constitution. The upper house of the Russian parliament, the Federation Council, approved on Wednesday the presidential bill on amending the national constitution. The bill envisions new requirements to the president and officials of…
UPDF Takes Over Sensitive UN Base In Mogadishu
United Nations Guard Unit Five (UNGU V) has handed over security functions to the incoming UNGU VI in the Somali capital Mogadishu. The function was presided over by the UPDF Commander Land Forces (CLF) Lt Gen Peter Elwelu who cautioned the incoming force to guard against anything that tarnishes the good image of Uganda. “You…
News
Busted: Former MPs On Spot For Asking Bribes From Owners Of Departed Asians Properties
Former Members of Parliament on committee on Commissions, Statutory Authorities and State Enterprises (COSASE) are being accused by city landlords of witch-hunt in the ongoing row involving properties of Departed Asians. According to Eagle Online news website, the new MPs are finding it hard in implementing some of the resolutions passed by the former legislators…
Covid-19 Crisis: Nation Media Group Cuts Staff Salaries By Up To 30%
Nation Media Group, the publishers of Daily Monitor, Saturday Morning, Sunday Monitor, and Enyanda announced a cut iff staff salaries by/up to 30 per cent starting from the month of May, June and July due to the impact of the coronavirus (COVID-19). A notice from the management to staff said: “After careful consideration, the Board…
Don’t Miss A Taste Of Mongolia’s Healthy Foods At Kabira Country Club Every Friday
Ugandans are people who love to adventure especially with things that bring excitement and satisfaction in their lives. And when it comes to food, Ugandans are not hesitant to spend on exotic cuisines. Ugandan restaurants and hotels have exposed Ugandans to food from other parts of the world like Asia. It is therefore not surprising…
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…
It’s On! MP Mawanda Tables Bill Trimming Off Powers Of Central Bank Governor
The Bank of Uganda Amendment Bill 2019 that is set to trim the Powers of the Governor and separating the fusion between the Bank of Uganda management from the board of directors has been confirmed ready. Notably, Parliament of Uganda has held the first reading of the constitution amendment 2020 meant to reduce powers of…
M7 Coax 25 French Firms To Invest In Uganda ,Assures Them Security
President Yoweri Museveni has invited 25 French companies to invest in Uganda, such that they can create employment for Ugandans on top of boosting the country’s economy. Some of the French Investors with officials from then Private Sector Foundation According to a statement issued by the French embassy in Uganda, a French business delegation of…
