Breaking News
Fruitful! Kampala Parents School Pupils Already Used To Online Classes!
Kampala Parents School on Monday started full Online classes from Kindergarten to Primary with teachers set to be fully accommodated at School to avoid potential transmission of the Coronavirus. The Kampala Parents School Principal Ms Daphne Kato, revealed in a circular issued last week that a number of guidelines had been set up for parents…
Confirmed: Man Utd Appoint Ralf Rangnick New Head Coach
Manchester United have confirmed Ralf Rangnick’s interim appointment until the end of the season. United drew 1-1 with Chelsea on Sunday, after Jadon Sancho’s second goal in successive matches was cancelled out by a Jorginho penalty. Michael Carrick took charge of that game and dropped a selection bombshell when Cristiano Ronaldo was left on the…
Minister Musasizi Sweats Plasma Infront Of MPs Over Rising Public Debt Burden
The increasing debt burden facing the country continues to bother Members of Parliament on the Budget Committee who have put the Ministry of Finance, Planning and Economic Development to task on how to manage it. According to the State Minister for Finance, Hon. Henry Musasizi, the total debt stock as of June 2023 stood at…
MTN Uganda Secures 12 Year License, Agrees To Pay Over Shs372Bn
Government has reached an agreement with telecom company MTN Uganda to renew its license for a period of 12 years. MTN will pay sh372 billion for the license that commences on July 1, 2020. The telecom company said in a statement on Saturday that “MTN Uganda and the Commission will conclude the signature of the…
News
BOU-SUDHIR CASE: It Is Supreme Court To Determine Costs As Withdrawal Isn’t Dismissal
It is the Supreme Court that will determine the costs to be paid to city businessman Sudhir Ruparelia by Bank of Uganda (BOU) in the long-running legal battle between the tycoon and his Meera Investments Ltd and the central bank, resulting from the closure of Crane Bank Ltd. Both the High Court and the Court…
Is Atingi-Ego Not Creative Enough To Have Own Methods Of Supervising BoU Than Relying On What The Late Mutebile Left
Since being appointed the Bank of Uganda (BoU) Deputy Governor and has been acting as Governor, Michael Atingi-Ego has now raised the indicative Central Bank Rate (CBR), twice to the current 8.5 per cent, encouraging commercial banks to also raise interest rates for borrowers. Ugandan borrowers are not happy that BoU continues to raise the…
‘Stop Crying For Spilled Milk’-High Court Dustbins Simbamayo Estates Case Against Equity Bank In Loan Dispute
The High Court (Commercial Division department) has dismissed an application by (now ex) administrators of Simbamanyo Estates Limited in which they wanted the auctioning of its prime properties in Kampala which was meant for Equity Bank Ltd to recover outstanding loans worth $10.8 million (Shs40 billion) to be halted. Simbamanyo Estates Limited lost Afrique Suites…
Trouble Looms As DPP Asks Police To Conduct Further Investigations Ahead Of Kasekende, Bagyenda Prosecution
Borrowers and owners of the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda irregularly and at giveaway prices, will have to wait a little bit longer for justice to be served. According to CEO East Africa Magazine reported that the Office of…
‘You Order, We Deliver’- Luxurious Speke Hotel Unveils a Home Delivery Policy To Save Clients From Unnecessary Movements
Situated at the heart of Kampala City, just 20 minutes’ drive from Entebbe International Airport, and close to banks and business centers, Speke Hotel offers all the charms of bygone days complimented by efficient, modern services and facilities with its sumptuous restaurant and heavily stocked bar to break your busy day into a smooth one via its…
Zahara Totto Scoops Ambassadorial Role At Uganda Aviation Academy, Gets Scholarship
Ugandan entertainment media personality Nalumansi Zahara aka Zahara Toto continues to open more pathways in her life, showcasing an unyielding commitment to personal and professional growth. Totto, a prominent figure at Next Media Services, has made a groundbreaking decision to enter the field of aviation, seamlessly integrating this new venture with her existing media prowess.…
