Breaking News
Govt Secures Shs 868Bn Loan For Construction Of Roads
Parliament of Uganda has approved Shs868b for the construction of a host of roads around the country. The roads are Namugumba – Budadiri – Nalugugu (29km), Katuna – Muko -Kamuganguzi road (104km) and Laropi – Moyo – Afoji (Sudan border) which is 37km. Making a case for the loan, the Vice Chairperson of the Committee…
Barcelona 2-8 Bayern Munich: Barca Historically Humiliated By Bayern In UEFA Champions League Quarters
Bayern Munich sent out an emphatic and ominous message to their Champions League rivals with an absolute demolition of fellow European heavyweights Barcelona in a gloriously chaotic and utterly one-sided quarter-final tie in Lisbon. The high-pressing, energetic and ruthless German champions were on a different level to their Spanish rivals, as they have been for…
Simbamanyo Estates Withdraws Case Stopping The Sale, Takeover Of Its Multi-Billion Property In Loan Dispute
City architect Peter Kamya, who is the proprietor of Simbamanyo Estates, has chickened out on his fight to rescue the building called Simbamanyo House, which houses the Ministry of Gender, Labour and Social Development. The building was a few days ago bought by tycoon Sudhir Ruparelia’s Meera Investments Limited, at USD5m, about Shs18.5Bn, after it…
Lt.Col Nakalema Arrests City Pastor Sirage Ssemanda For Defrauding 4Bn
State House Anti-Corruption Unit led by Lt.Col Edith Nakalema on Sunday afternoon nabbed Pastor Sirajje Ssemanda of Revival Ministries Church, Bombo at Mutukula border as he attempted to escape from the country after he embezzled over sh4b from vulnerable people. The anti corruption unit confirmed the arrest of Pastor Siraj through the official Twitter account.…
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Speke Apartments’ La Cabana Business Lunch Is Here To Fill Up Your Hunger Taste
On such a crazy week day, you should not miss tasting on Speke Apartments Wampewo’s most sumptuous “La Cabana Business Lunch” that serves clients with both local and international meals at relatively favourable rates. Under its slogan “You Do Business, We Do Lunch”, Speke management serves three-course meals from 11:30 am to 3:00 pm including a soft…
Covid-19: MTN Uganda Introduces Curfew Night Call Bundle For Only Shs100
MTN Uganda has aannounced an exciting promotional offer that will enable customers to make calls and stay in touch with friends and family between 10pm and 8am in the morning for as low as only Shs100 from 10pm to 8am. The offer is dubbed “Kafyu Calls” following the curfew conditions imposed by the Covid-19 pandemic. Whereas Ugandans…
URA Sensitizes Traders on Changes in Valuation Database
Uganda Revenue Authority embarked on the process of amending its valuation database to ensure uniformity in the customs values of imported goods. To ensure smoothness in this process, the tax body reached out to different stakeholders to get their input. It was against this background that URA met with representatives from the textile industry. The purpose…
Kadaga,Jordan Ambassador Hasmite Discuss Parliamentary,Economic Ties
His Excellency, Slaiman Arabiat, Ambassador of Hasmite Kingdom of Jordan to East Africa has reached out to the Speaker of Parliament, Rebecca Kadaga to establish a bilateral relationships between Jordan and Uganda. The Ambassador paid a courtesy call on the Speaker at Friday, 28 February 2020 was on his maiden visit Uganda aimed at fostering…
Counsel Galisonga’s Analysis On Dr. Sudhir’s Sacked Sanyu FM Presenters
As a child, whenever my dad used to give me less pocket money or cancelled some items off shopping list, I viewed him as unreasonable. Sometimes he’d pull out a huge bundle of cash and just pull out a little, much less than I wanted and gave me. To me then, he was a stingy…
Why Sudhir’s Lawyers Want Crane Bank Returned To It’s Original Share Holders
In January 2017, Crane Bank was acquired by DFCU Bank at a cost of Shs200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda. Crane Bank whose proprietor is businessman Sudhir Reparelia remained open under statutory management until most of its assets and liabilities would be transferred…
