Recent News
Absa Bank Names David Wandera As Acting Managing Director
David Wandera has been appointed as the interim Managing Director of Absa Bank Uganda, taking over from Mumba Kalifungwa, who recently assumed the role of CEO at Stanbic Bank Uganda.…
KCCA Snores As Motorists Decry Poor State Of Sir Apollo Kaggwa Road
KAMPALA, UGANDA: The sorry state of the stretch between Caltec Academy school and Hot loaf bakery along Sir Apollo Kaggwa road has irked motorists. Sir Apollo Kaggwa road stretches from the…
Recent News
Stan Chart Puts Senana Hypermarket On Auction Over Debts
Frida Nabirongo is a woman in distress after Standard Chartered Bank has moved to take over her empire over a mortgage for a building that houses her Senana Hypermarket on Buganda Road. “Take notice that Standard Chartered Bank Uganda Limited through its appointed agent shall after 5 working days from the date of this notice,…
URA Releases And Shames A List Of Tax Defaulters, BigWigs Owe 47Bn
The Uganda Revenue Authority (URA), has released a list of tax defaulters owing the agency about Shs47 billion in total. According to the latest notice published, URA demands tax arrears from both individuals, companies, schools and civil society organisations. The taxes are in form of PAYE, Income tax, VAT and customs duties. “Uganda Revenue Authority…
Kagina Accused of employing Relatives in UNRA Top Jobs
A whistleblower has petitioned parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE) over alleged anomalies in the recruitment of staff at Uganda National Roads Authority (UNRA). The whistleblower alleges that the headhunting process is unfair and discriminative. COSASE chairperson Mubarak Munyagwa says that his committee has information that a number of individuals were…
Why YY Coaches Have Shut Down Business?
YY coach services following a spate of accidents in just a month have compelled them to first put their hands off as they try to find a solution to the unending causes of accidents on road by their drivers and buses. The company has 50 buses plying different routes in Eastern and Northern parts of…
Uganda ,Russia sign Nuclear Energy Deal
September 17, 2019, on the side-lines of the 63rd IAEA General conference in Vienna the Governments of the Russian Federation and of the Republic of Uganda signed an intergovernmental agreement on cooperation in the peaceful uses of nuclear energy. On behalf of Russia, the document was signed by Nikolay Spassky, Deputy Director General – Director…
Trending News
M7: National Intellectual Property Policy Will Protect Innovators To Expand
President Yoweri Kaguta Museveni has said that National Intellectual Property Policy will give innovators the full protection of the law through patents, copyright, trademarks among others. According to H.E Museveni, this process will enable the innovators to earn their rightful recognition and financial returns for their toil and sweat. Gen.Museveni echoed that the ruling National…
Uganda Losing Economic Gains, Innovativeness Due To Delayed Marijuana Licensing
From global trends, marijuana has provided a new economic frontier in countries that have seen the light and legalized the farming of the herbal weed. Marijuana or cannabis is a medicinal herb, one that industrial labs have confirmed to be the new breakthrough for medicinal innovation, research and disease treatment. And for developing countries like…
Grapes’ Farmers To Receive Government Support- Min Frank Tumwebaze
Hon. Frank Tumwebaze ,the minister of Agriculture, Animal Industry and Fisheries has revealed that the Government of Uganda is planning to boost grape farming in Uganda as one of the ways to help Ugandans improve their household incomes. Acting on the directive of President Museveni, the minister was on a one-day field visit to grape…
Busted: Details On How Controversial Businessman Eriya Mubiru Faked Academic Papers To Get Juicy Engineering Contracts From Government
Controversial local businessman Eriya Mubiru has been in the news for weeks now following his arrest in Dubai, United Arab Emirates (UAE). Mubiru was arrested after extorting Shs 2 billion from a UAE businessman. He is still under detention pending investigations into fraud allegations. Mubiru known for obtaining mega contracts from the Ministry of Defense,…
Trouble As Tycoon Hamis Kiggundu Drags Diamond Trust Bank To Court For Stealing Over Shs 100bn From Account
Guys, if you find Directors and Managers of Diamond Trust Bank (DTB) in hiding, don’t ask why, trouble is looming. A disgruntled client, City Businessman and owner of Ham Enterprises Limited Tycoon Hamis Kiggundu has dragged (DTB) to the Uganda Commercial Court after the bank illegally and fraudulently debited over 100 billion UGX from its…