Uganda's President Yoweri Museveni has warned that the whole country is facing procurement chaos because the process benefits those bent on making money and not the country. He said huge resources are wasted in claims of procurement. The President was on Friday commissioning multibillion Komatsu road construction and maintenance equipment from
Read More
More than 78,000 small Kenya Airways shareholders are set for a massive dilution of their stake in the ongoing restructuring that could leave them owning only about 6.7% of the national carrier from 43.7%. An analysis done by Genghis Capital, an investment bank, shows that based on Kenya Airways’ (KQ)
Read More
Passion and determination are key ingredients in business. Peace Bampata, a resident of Nyabikyerere Central Division in the outskirts of Bushenyi Ishaka Municipality, Bushenyi district is one of the few making a killing from passion fruit farming. Bampata, who holds a Bachelor’s Degree in nursing from the United Kingdom and
Read More
To support next year’s Shs29trn budget, Uganda Revenue Authority (URA) is expected to collect Shs15trn in tax revenue in the 2017/18 budget, up from 13.1trn in the previous budget. This was disclosed on Thursday afternoon by Finance Minister, Matia Kasaija at the Kampala Serena Conference Centre while presenting the 2017/18
Read More
Matia Kasaija, Uganda’s Minister for Finance, Planning and Economic Development has for the first time revealed why Uganda’s economy is performing poorly. The minister insists that Uganda’s economy is not in recession but growing moderately. “The size of the economy this financial year is projected to rise to Shs90.5 trillion,
Read More
Marriage appears to be good for your health, boosting your survival chances if you have a major heart risk factor such as high cholesterol, say researchers. A loving spouse might spur you on to look after yourself better, they told a heart conference, based on their study of nearly a
Read More
The revelations about the children fallen educationist, Lawrence Mukiibi left have drawn in Uganda's teachers' union. Uganda National Teacher's Union (UNATU) has condemned teachers and head teachers who prey on children left under their care. The UNATU Secretary General, James Tweheyo, says it is unethical and professionally wrong for teachers
Read More
The government of Uganda has disclosed why the Uganda Shilling will weaken further in the medium term. This is contained in the background to the budget for Financial Year 2017/18. “Over the medium term, the Shilling is expected to continue weakening on account of global financial conditions, weak current account
Read More
New details continue to emerge regarding investigations into the murder of former Police Spokesperson, Andrew Felix Kaweesi. The latest is that investigating officers are yet to make headway in linking Kamwenge Mayor Geoffrey Byamukama to the March 17 murder of three police officers including Assistant Inspector General of police (AIGP)
Read More
KCB Bank Uganda has donated 10 kindle fires to Muni University in an attempt to boost the institution’s digital learning. The Kindles are expected to enhance teaching and learning through the seamless use of digital technologies at the science based university. Speaking during the handover ceremony recently, Annet Ajidiru, the
Read More
