Breaking News
Isn’t The West Using Sanctions To Benefit From Frozen Accounts-Frank Asiimwe Mulekwa
Every year, developing countries lose $8 to $100 billion in illicit financial flows to Switzerland alone, according to the Center for Global Development figures released 10 years ago. This could have increased due to the rising practice of organized crime, smuggling, corruption, money laundering, tax evasions, or international trade manipulations. However this corrupt money is…
Sudhir Ruparelia: A Successful Businessman Is One Who Builds A Firm Foundation With The Bricks Others Throw At Him
Ugandan businessman and billionaire Dr. Sudhir Ruparelia shares an inspirational and motivational quote to youth and entrepreneurs on doing business the right way and working smart as a strategy to creating sustainable business ventures in Uganda and creating wealth. Uganda is a country with numerous opportunities and resources if fully utilized creating wealth is simple…
Kabale NRM Offices Burnt
The ruling National Resistance Movement (NRM) party offices in Kabale have been torched by unknown arsonists. The office located in Kisoro Taxi Park commonly known as Esso along Kabale road was set on fire last night. According to one of the workers who preferred anonymity, the arsonist poured petrol through the front window where the…
Speaker Among Vows To Adopt Of Fallen Minister Sarah Mateke’s Son
Parliament has held a pre-funeral service for the former District Woman Representative for Kisoro, Hon. Sarah Mateke Nyirabashitsi, who died on Saturday, 07 September 2024 in Kampala. The Archbishop of the Church of Uganda, Dr Stephen Kaziimba Mugalu, who led the service acknowledged the pain felt by the family and the nation. “Humanly speaking, we…
News
Kairos Consult’s Priscilla Serukka To Lead New Uganda Airlines Board
The Ministry of Works, Transport and Communication has announced a new Board of Directors for Uganda Airlines to replace the one that was suspended in May last year on the orders of President Museveni. Reports quoting a source from the Ministry of Works say that the new Board is headed by Ms Priscilla…
NSSF Disburses UGX 78.8Bn In First Week Of Midterm Payments
The National Social Security Fund has paid out Ushs78.8 billion to 4,417 eligible members to date, UGX 28.8 billion above its weekly target of UGX 50 billion, following mass application of the mid term benefit that started last week. Speaking to media at a press briefing today at Workers House, the NSSF Managing Director Richard…
MTN Uganda Secures 12 Year License, Agrees To Pay Over Shs372Bn
Government has reached an agreement with telecom company MTN Uganda to renew its license for a period of 12 years. MTN will pay sh372 billion for the license that commences on July 1, 2020. The telecom company said in a statement on Saturday that “MTN Uganda and the Commission will conclude the signature of the…
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…
Great: Vision Group’s TV East Becomes Exclusive On StarTimes Platform
TV East is the latest Television Channel in the Vision Group portfolio. TV East focuses on the Eastern region of Uganda largely viewers who speak or comprehend Ateso and Lumasaba languages. The channel is now exclusive on StarTimes platform Channel 483 on Satellite decoders in the Nova bouquet. “We are excited to announce the launch…
How Richard Omongole Predicted Bank of Uganda To Kill The Ugandan Economy
Uganda’s post coronavirus economic failings are going to come from the IMF/world bank supervised theoretical economist at bank of Uganda. You borrow $ 491.5 million, then $151m will go to budget support and UDB . A whole $340m just for bank of Uganda to stabilize the exchange rate! Textbook economics based on purely western perceptions…
