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Common Wealth Delegates Tour Source of the Nile, Equator
Visiting delegates will tour the Source of the Nile, the Equator and Namugongo Martyrs Shrine as part of the excursion during the Commonwealth Parliamentary Conference. The sites together with Kagulu Hills in Buyende district have been selected as they provide unique tourist value to the visitors. Spouses and accompanying persons, who ordinarily do not attend…
Two Departed Asian Property Custodian Board Bosses Arrested Over Fraud
The State House Anti Corruption Unit (SH-ACU) in liaison with Police have arrested two top members of the Departed Asian Property Custodian Board (DAPCB) over fraud-related charges. George William Bizibu, the executive secretary of the board together with his accountant were on Wednesday evening arrested for allegedly obtaining money from various persons purporting to allocate…
Ungrateful As Dfcu Bank Leaves Dr. Sudhir’s Meera Investments Properties In Sorry State
The Dfcu Bank was on Monday February, 3, 2018 thrown out of Meera Investment Limited Properties – starting with Crane Chambers at Kampala Road something which has made many of it’s clients run to withdraw their money due to fear of what would come next. Trucks carrying dfcu bank belongings including chairs, teller tables among…
Nabbed: UPDF Soldiers Gun Down Notorious Chairman LCIII Conducting Cattle Raids
Uganda People’s Defence Forces ‘UPDF’ soldiers conducting disarmament in Karamoja sub region last night shot dead a local council leader who was found leading cattle raids in the neighboring communities. The deceased Longoli Aped a Vice-chairman LCIII Napumpum sub-county, Kotido District was killed by UPDF last night during patrol while leading a cattle raid into…
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How Award-winning Governor Mutebile Is Running An Incompetent Central Bank
By Musaazi Namiti Kampala: The governor of the Bank of Uganda (BoU), Emmanuel Tumusiime-Mutebile, has a dazzling array of awards to his name, and enumerating them requires a fair bit of time. I will take a quick look at the awards and then pose the million-dollar question: How can an award-winning governor be the same…
Uganda Starts Manufacturing Surgical Gloves
Uganda is on track to become the first African country to produce surgical gloves and other medical equipment. East African Medical Vitals (EAMV), which was only incepted in 2006, is the company that is at the helm of the milestone. Mr Ben Kavuya, the board chairperson of EAMV, on Monday revealed that the Namanve-based company…
Ruparelia Group Unveils Mega Kampala ‘Pearl Business Park’ Development Project
The Ruparelia Group has once again unveiled the re-development of the former Chieftaincy of Military Intelligence (CMI) headquarters on Yusuf Lule Road in Kampala, with a multi-million dollar massive Business Park, that will host office premises, a shopping centre, health and leisure amenities among others. City business mogul, Dr Sudhir Ruparelia the founding father and…
‘Camera Shy’ Sheena Ruparelia: One of Uganda’s 100 Women Fixing The Country
Sheena Ruparelia is a daughter of Money Magnet HE Sudhir Ruparelia one of the richest gentlemen in Africa. Sheena was born on December 23rd, 1988 and she is married to Mr. Jay Sakaria. Sheena has been a Director and one of the trustees at Ruparelia Group since January 2017. The Group is one of Uganda’s…
Billionaire Sudhir Only Ugandan Ranked Among 20 Wealthiest Men In Africa
Tycoon Sudhir Ruparelia has been ranked among the 20 richest people in Africa weighing over 1.4 Billion dollars. Sudhir Ruparelia is a Ugandan businessman who made his fortune in real estate and he is the founder and chairman of the Ruparelia Group, a conglomerate with interests in insurance, hospitality, real estate, and education. Ruparelia is…
List: African Countries that Have Defaulted on Debt Repayment
A growing number of African countries have found themselves caught in the challenging web of debt distress, a predicament exacerbated by the COVID-19 pandemic, and global economic downturn. These problems have presented governments on the continent with stark choices needed in funding their economy. As a result, nearly half of Africa’s countries face difficulties making…