By BEINOMUGISHA GODFREY Kampala: For many who have friends, brothers and sisters who are bankers, may understand the life full of pressure and commitment, they leave. As one is at high school campus admires a banker, after graduation luckily enough you are called for an interview and posted to one branch in soroti, or any…
Uganda and South Sudan have signed a Power Sales Agreement (PSA) for trade in electricity between the two countries. Trading of electricity across the border is expected to benefit the towns of Oraba and Elegu in Uganda, and Kaya and Nimule in South Sudan. The signing of the sales agreements comes at a time when…
A Ugandan man who works in Europe has been left devastated after finding out that the six children he has been providing for and educating in international schools are not his. The man, whose identity has been concealed, has now applied for the cancellation of the children’s passports as he files for divorce with his…
The government spent more money than it had planned in May 2023 despite the continued complaints of unfulfilled obligations especially on salaries and wages. The total planned expenditure for the month was Shillings 2.985 trillion, but it ended up spending Shillings 3.5 trillion as priorities changed across the different sectors. This performance was mainly due to…
Bukedea Central football club head coach, John Ongodia has left his role as the head coach after losing 5-0 to Mbale Heroes in the Inter Regional League play offs first leg in Bukedea. According to sources, the gaffer allegedly received junks of money to lose the game. Sources in Bukedea and Mbale allege that he…
“Once a thief, always a thief,” goes an old African adage which demystifies how complicated it is to abandon a certain character or behaviour by an individual. This explains why Courts of Judicature most times downplay narratives by culprits arraigned before judges as “first time offenders” and therefore should be exonerated. They are either sentenced…
Adrian Wasswa Ddungu, LCV Chairman for Buvuma District Local Government has appealed to the Government of Uganda to prioritize the compensation of land owners in his area of jurisdiction whose land is being used for oil palm growing. Speaking at the belated Buvuma District Women’s Day celebrations on Friday held at Busamuzi Sub-county Headquarters as…
By Beinomugisha Godfrey Kampala: Reflecting on the current Business Financing in Uganda, its very difficult to get An investment long term loan in our local commercial Banks. Bank of Uganda needs to loosen up on “the intricacies of economic policy-making on banks lending out money to individual investors, who find it hard to get cheap…
Three Indians who are directors of Wellex Hardware Limited led by Jigar Chandarana were convicted by the Anti-Corruption Court in Kololo for generating and selling fictitious invoices. They were convicted on 5 counts of making false statements to a tax officer contrary to Section 58(1)(a) of the Tax Procedures Code Act, 2014. Each of the…
Seven officials from the Office of the Prime Minister (OPM) were arraigned before the Anti-Corruption Court in Kololo on June 14th, 2023 by the Inspectorate of Government (IGG) on 12 charges of; Causing financial loss, embezzlement, and abuse of office. These officials are Mr. Geoffrey Seremba, the Under Secretary/Finance and Administration is the Accounting Officer…
