Many corrupt Government officials are investing in real estate using proxies, the Financial Intelligence Authority (FIA) has told parliament. According to FIA, there are so many ‘investors’ whose sources of money are unknown. Uganda loses about Shs1 trillion annually in corruption. While appearing before Parliament’s Finance Committee recently, Sydney Asubo, the FIA Executive Director said
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Chinese nationals doing business in Uganda have decried the lack of integrity among many Ugandans as a major stumbling block to having a successful business operation in the country. This disappointment was aired out at the launch of the Fuqing Association, a group that intends to bring together all
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President Yoweri Museveni launching the Pearl of Africa Destination Brand at Kololo ceremonial grounds on 21st Jan 2022 As the world starts to recover from the effects of the pandemic and opening up borders and skies to global tourism, Uganda, has refreshed its tourism destination brand promise, with the unveiling of a
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First son Muhoozi Kainerugaba, who doubles as UPDF Land Forces Commander has praised Uganda Airlines for its efficient and excellent services. Muhoozi tasted Uganda Airlines' world-class services during his flight to Kigali where he had gone to meet the Rwandan President, Paul Kagame for talks about how to improve bilateral relations between
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David Wandera, Absa Bank Uganda Executive Director and Head of Markets For the 5th year running, Absa Group Limited in partnership with the Official Monetary and Financial Institutions Forum (OMFIF) will on Tuesday at Serena Hotel in Kampala release the Absa Africa Financial Markets Index 2021. The index is a measure
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Internal Affairs Minister Maj Gen. Otafire Kahinda wants the Uganda Prisons Service to make garments for both the Uganda Peoples Defence Forces and Uganda Police Force. Otafire made the remarks while commissioning the new garment workshop machinery at Kitalya Mini Max Prison. According to the Commissioner in charge of Prison
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“Having devoted my entire career to public service, I have come to appreciate the words of Clayton M. Christensen. He famously asserted thus, “I have concluded that the metric by which God will assess my life isn’t dollars (shillings, to you and me) but the individual people whose lives I’ve
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Ugandan truck drivers and cyclists in Mutukula, Kakuuto and Kyotera are now buying petrol from across the border in Tanzania, where it is moderately cheaper compared to the cost at fuel stations in Uganda. This followed the escalation of prices over the last two weeks in Kampala, as a result
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Politicians from across the political divide have taken to social media to mourn the passing of Prof. Emmanuel Tumusiime-Mutebile, the longest-serving Governor of the Bank of Uganda. Mutebile who has been struggling with ill health for some time, passed on this morning at Nairobi Hospital in Kenya, according to a
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Tumusiime-Mutebile (RIP) The Governor of the Bank of Uganda Emmanuel Tumusiime Mutebile is Dead. Mutebile died this morning at Nairobi Hospital, according to an announcement by Deputy Governor Micheal Atingi-Ego. He was 72. Mutebile was admitted to Nairobi Hospital on Sunday, December 31, 2021, after he collapsed due to complications
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