Breaking News
Kasese NUP Members Denied Bail, Remanded Further
The High Court in Kasese district has rejected the bail application of five National Unity Platform-NUP supporters facing treason charges and remanded further until next week. The five members are; Bryan Basisa, the NUP Kasese district chairperson, Geoffrey Bwambale, the NUP coordinator for Bundibugyo, Atanazio Isande from Ntoroko district, Isaac Mumbere, the former NUP candidate…
UPDF Hands Over Deadly Weapons Recovered From Alshabaab To Somalia Govt
The Special Representative of the Chairperson of the African Union Commission (SRCC) for Somalia, Ambassador Francisco Madeira has handed over recovered weapons to the Somali National Security Adviser Abdisaid Muse Ali in a function at the sector one headquarters in Mogadishu, Somalia. The weapons were recovered from Alshabab terrorists over time by the Ugandan troops…
Scores Injured In Kyazanga Road Accident As Jaguar Bus Collides With Fuso Lorry
Several passengers on Wednesday evening sustained serious injuries after a Jaguar Bus had collided with a Fuso lorry and overturned at Kyazanga along the Masaka-Mbarara highway. The accident is reported to have occurred at about 6:30pm, a short distance from Kyazanga town centre in Lwengo district. A Jaguar bus, registration number UAZ 862C heading towards…
Luxurious Speke Resort Munyonyo Named Official Hospitality Partner For Singer Ruger Ahead Of Big Brunch Concert
World Class Speke Resort Munyonyo Hotel has been unveiled as the official hospitality partner for Nigerian singer Michael Adebayor popularly known as Ruger ahead of his much-anticipated music concert in Kampala. The grand revelation was made on Friday, February 11, at a press conference held at the swanky hotel premises in Munyonyo, Kampala. The ‘Bounce’…
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President Museveni Launches Shs 73 Billion Mukono North Power Sub-Station
The President of Uganda Yoweri Tibuhaburwa Kaguta Museveni has launched a new multibillion Mukono North power transmission substation in Mbalala, near Kampala City The substation is expected to provide reliable power supply to more than 75 factories in the Mukono Industrial Zone, currently employing an estimated 62,000 people. The President said the Shs72.5 billion power…
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…
Worry As Illicit Financial Flows Threaten Security & Stability In Africa
At a time when Africa is mobilizing resources for pandemic recovery and sustainable development, illicit financial flows (IFFs) are robbing the continent of 50 billion U.S. dollars annually, UN Deputy Secretary-General Amina Mohammed told a high-level virtual meeting on Thursday held under the African Union’s (AU) “Silencing the Guns” initiative. These staggering losses “would be…
Banking Group I&M Set To Pay USD 33.6m For Orient Bank Uganda Take Over
Banking group I&M Holdings PLC which is part of the I&M Group will pay USD 33.6m (Shs112 billion) to acquire a 90 per cent stake in Uganda’s Orient Bank, according to disclosures in a circular to shareholders. This website has learnt that the shares will be bought from Hemlata Karia, Jay Karia, Morka Holdings Limited,…
Great: Startimes Uganda,Centenary Bank Renew Strategic Partnership For Financial Inclusion & Sustainable Solutions
Centenary Bank, the largest commercial microfinance bank in Uganda and StarTimes Uganda,a pioneer in pay TV, digital television set and solar solutions, are thrilled to announce the renewal of their strategic partnership following a highly successful year of collaboration. The partnership announcement was made by Fabian Kasi the Managing Director of C entenary bank together…
Exporters Call For Strong Action Against EAC States’ Trade Barriers
Manufacturers have called on the government to impose tough measures against EAC states which continue to block imports from Uganda. Under their tutelage, the Uganda Manufacturers Association (UMA), they note that the continued blockade of Ugandan merchandise on the Kenyan market is a violation of the EAC Common Market Protocol. UMA Executive Director Daniel Birungi…
