Breaking News
Strong: Equity Group Holdings PLC Doubles Profitability Validating Its Resilience And Business Continuity Strategy During Covid- 19 Pandemic
Equity Group Holdings Plc has announced a 98% growth in half year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year. Speaking while releasing the results, Equity Group Managing Director and CEO Dr James Mwangi said, “The defensive and offensive strategy adopted by the Group at the onset of the Covid-19 pandemic to…
Face Off: Five RDCs Resign To Join 2021 Elective Politics
Five Resident District Commissioners- RDCs from the Teso sub region have resigned to vie for different political positions in the 2021 elections. They include, George Edward Onya Akonopeesa of Kaberamaido and Kalaki who is challenging Charles Ilukor for Kumi County MP; Vincent Enomu, the deputy RDC of Katakwi now running for Dakabela County in Soroti…
Two Security Guards Arrested For Robbing 100M From City Gold Dealer
Police have arrested two security guards, who robbed Shs100m from a businessman they were guarding in Kamwokya, Central Division, Capital city suburb, after 10 days of pursuit. The two guards attached to Tight Security Company Limited were arrested in a hotel in Kaabong District where they were hiding. Police recovered Shs50m of the Shs100m in…
Mogul Sudhir Ruparelia To Speak About Real Estate Business At URA Business Summit
Uganda’s property mogul, and Forbes Billionaire Dr Sudhir Ruparelia will be one of the key note speakers at the Uganda Revenue Authority’s e-BOMBA YA BUSINESS summit to be held on Friday. The Capital Times has learnt that Dr Sudhir Ruparelia will be part of the panel to deliberate on – “Investing in Real Estate: What…
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EU Calls For Fresh Ideas To Revive Uganda’s Tourism Sector
The European Union (EU) Ambassadors to Uganda have appealed to government to consider having in place a comprehensive master plan that will ensure the resuscitation of the country’s tourism sector. Tourism together with others sectors in the country have been hit by the Coronavirus (COVID-19) pandemic. The sector came to a standstill in March after…
OIL AND GAS: Government Finally Agrees To Disclose Agreements
The sticking issue of the secrecy around the oil Production Sharing Agreement has kept Ugandans unable to get the answer to the question of how much the country will get from the oil and gas sector. The failure by the government to disclose the details, especially of how the oil revenues will be shared, has…
ICT Ministry Calls Innovators To Apply For Support With Solutions To Fight Coronavirus
The Ministry of ICT and National Guidance through its project dubbed National ICT Initiatives Support Programme (NIISP) is calling innovators to submit proposals if they have digital solutions that can help support the fight against the coronavirus pandemic. According to Vincent Waiswa Bagiire, the permanent secretary at the ministry, NIISP is looking for digital solutions…
Buganda’s Lukiiko Approves UGX109.7Bn Budget
Buganda’s Lukiiko has approved a budget of Shillings 109.7 billion to support different Kingdom activities in the 2020/2021 financial year. The budget presented on Monday afternoon by the Kingdom Finance Minister, Robert Waggwa Nsibirwa is Shillings 13 billion less compared to the current financial year budget. According to Nsibirwa, they considered a lower budget since…
How Top NRM MP Lost Over UGX 700m In Fake Gold Deal
Kampala, (UG): A top Member of Parliament who subscribes to the ruling National Resistance Movement (NRM) party has gone off the public scene after coming to notice that she was conned over 700 million shillings in a fake gold deal. Hon Chekurut Rose Emma, the Woman Member of Parliament for Kween District in eastern Uganda is…
Africell Confirms End Of Road For Ugandan Market After 7 Years
Stiff competition and high indebtedness have forced Uganda’s third largest telecom service company by subscriber base, Africell, to quit the country. The company say its services will stop on October 7, this year, according to a letter circulated to its employees, who will continue to be in employment until November 30. Africell Uganda says its…
