Breaking News
Parliament Blocks Export Of Unprocessed Tobacco
The Parliament of Uganda has passed the Tobacco Control (Amendment) Bill, 2020 scrapping taxation on processed tobacco restricting it on the unprocessed leaf for export. The Chairperson of the Committee on Finance, Hon. Henry Musasizi, in his report to Parliament said that the tax measures are meant to restrict the export of raw tobacco leave…
Tirupati Family Mourns Passing Of Their Mother
The mother of Harshad Barot, the proprietor of Tirupati Development (U) Limited, a real estate and construction company has passed away. Miraj Barot, the Managing Director of Tirupati Development (U) Limited, announced the passing of his grandmother, Mrs Leelaben Maganbhai Barot. The matriarch was 94 years old. “Mother of Shri Harshadbhai Maganllal Barot has left…
City Landlords, Gov’t To Meet On Wednesday, Decide On Reopening Of Arcades
The Government of Uganda and other stakeholders will meet on Wednesday July, 1, 2020 to discuss the possibility of reopening two arcades as a pilot study to assess compliance with the Standard Operating Procedures (SOPs). Ms Shakira Natozo, the public relations officer at the Ministry of Trade, Industry and Cooperatives, said a committee comprised of…
Museveni Knifes US-Sanctioned CMI Maj. Gen. Kandiho, Replaces Him With Maj. Gen. Birungi Days After Kagame-Muhoozi Meeting
The Commander in Chief (CIC) of the Uganda Peoples Defence Forces (UPDF) has relieved Maj. Gen. Abel Kandiho of his duties as the head of the Chieftaincy of Military Intelligence (CMI). Reliable sources reveal that Kandiho, who was last years slapped with international travel sanctions by the government of the United States of America (USA).…
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News
IMF Clears Uganda For UGX 455Bn Credit After Good Performance
The International Monetary Fund-IMF, has given Uganda a clean bill of health regarding the handling of the COVID-19 pandemic, the funds and the economy as a whole. For this, the Fund’s board has allowed for the immediate release of 127 million US Dollars (about 455 billion Shillings) for the country as part of the Extended…
Half a Decade After Fraudulent Take Over Of Powerful Crane Bank, Staggering Dfcu Bank Stuck In Limbo
Recently, the board of DFCU Bank Limited appointed Dr Winifred Mary Tarinyeba Kiryabwire as the Board Chairperson amidst the bank’s staggering status that has seen it losing millions of customers. Remember that Winifred’s appointment was after the bank releasing its 2021 results showing it had lost UGX313 billion or 12% of its customer deposits. Deposits,…
Tycoon Sudhir On Why He Declared Rajiv To Inherit Ruparelia Group Empire
City tycoon, Dr. Sudhir Ruparelia recently opened up on why he chose his son Rajiv Ruparelia as the heir apparent to the Ruparelia Group empire. Rajiv who just turned 30 years old on January 2 is probably the youngest CEO of a business empire that is now in excess of USD 1 billion (UGX3.7 trillion).…
OP-ED: Is Businessman Eriya Mubiru Above The Law Or He’s Just Having An Invisible Hand
By Ojok Samson Gulu: Of late, self proclaimed businessman Eria Mubiru alias Kabenge Eriya Mubiru has been at the centre of controversy following his numerous involvement in dubious deals that have left a number of ordinary Ugandans blubbering due to the financial losses and emotional pains he has inflicted on them. On Tuesday 22nd June,…
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How Dr. Sudhir Ruparelia Slaughtered & Exposed Staggering Bank Of Uganda’s Fraudulent Scheme
In February this year, business magnate Sudhir Ruparelia left Bank of Uganda (BoU) nursing wounds after slaughtering it in a 5yr court battle which ended in his favor. Now, due to readers’ demand, we summerize for you the entire saga and what ignited this battle that has seen economic pundits ranking BoU as most fraudulent…
SHOCKING REPORT! Ugandans Leading Pork Eaters In Africa, 2nd In The World, See How It Managed
The people of Uganda have been named as the biggest pork consumers in Africa and second globally. According to the Daily Monitor Uganda’s big appetite for pork was disclosed by the International Livestock Research Institute (ILRI). On average one Ugandan eats 3.5 Kg of Pork annually, the East African nation is the biggest pork consumer in Africa…