Breaking News
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…
You Stole My Bank & Frustrated My Businesses – Furious Tycoon Sudhir Ruparelia Hits At Some Corrupt Bank Of Uganda Officials After Court Victory
Minutes after legally slaying Bank of Uganda, for the forth time, but this time for good, Dr. Sudhir Ruparelia, has hit at certain officials of the central bank for stealing his bank, unnecessarily dragging him to court and prolonging the case for selfish gains. “These people stole my bank. They shared the legal fees in…
Clean Up! IGP Ochola Bites Again, Moves 176 Police Bosses In Massive Reshuffle
The Inspector General of Police (IGP) Martin Okoth Ochola has shaken police commanders again. The newly made changes in deployments with immediate effect. The new changes came in less than a week after the retirement of the force’s director of operations AIGP Asuman Mugyenyi who had served the force force for more than 30 years.…
Museveni Flags Off Over 68,000 Bicycles For NRM Village Chairpersons
President Yoweri Museveni has flagged off 68,000 bicycles to aid the mobilization activities by the ruling National Resistance Movement (NRM) party in villages across the country. Museveni said that the bicycles were procured from contributions by party members and added that they are also making arrangements to procure motorcycles for the NRM sub-county chairpersons and…
News
Ex Simbamanyo Owner ‘Peter Kamya’s’ Troubles Not About To End As He Loses Another Multi-Billion Fraud Case
Troubled Ex Simbamanyo building owner has lost another fraud case in which he sold the property in Munyonyo, took deposits and then sold the same property to a third party and refused to refund. According to the latest judgment by Justice David Wangutsi, troubled Peter Kamya was found guilty of selling a piece of land…
How Covid-19 Has Affected Uganda’s Labour Externalization Sector
By Ronnie Mukundane Labour externalization was, until the spread of Covid-19 across the globe, one of the fastest growing sectors and was providing employment opportunities to thousands of Ugandans across the Middle East and other parts of the world. To date, there are more than 165,000 Ugandans who are gainfully employed in the Middle East…
Bill Gates Donates $10m To Fight Locusts In East Africa
The Bill and Melinda Gates Foundation has donated $10m (£7.7m) to help fight locusts in the East African region. The contribution will be given to the UN’s Food and Agriculture Organisation (FAO) that appealed for funds to fight the locust invasion that is threatening food security. FAO Director-General QU Dongyu has thanked the foundation…
Equity Bank Uganda Names Gift Shoko As New MD To Drive Growth
Equity Bank Uganda has announced the appointment of Gift Shoko as its new Managing Director, a strategic move aimed at enhancing the bank’s position in the competitive financial sector and fostering innovation in East Africa. Bringing over 26 years of banking experience across Southern and Eastern Africa, Shoko steps into his new role with a…
Jumia To Close Struggling Food Delivery Business As Focus is Put on Core E-Commerce Plate
Pan-African e-commerce giant Jumia Technologies is pulling the plug on its Jumia Food delivery service, opting to double down on its core physical goods business and JumiaPay payment platform. The decision, effective December 31st, 2023, impacts all seven markets where Jumia currently operates: Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria, and Ivory Coast. Jumia’s statement cites a…
Marvelous: Ugandans Can Now Invest In Global Companies With As Little As $1
As Africans, land and real estate are often our most popular investment options. And that’s okay. Followed closely by more formal options such as good old stocks, treasury bonds, T-bills, and fixed deposits. Now here’s the thing. These investment options are often big-ticket investments and require a significant cash outlay from investors. This means first-time…
