The Chinese government is moving to curb domestic companies’ investments abroad in property, sports, entertainment and other fields, following a series of high-profile, multibillion-dollar acquisitions by Chinese firms, reports the AP. A document released Friday by the State Council, China’s Cabinet, was the latest move by regulators to tap the
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The Government is considering amending the bill on compulsory land acquisition currently before parliament's Legal and Parliamentary Affairs Committee. The decision to drop parts of the now controversial Constitutional Amendment Bill, 2017 was reached on Wednesday evening during the National Resistance Movement (NRM) party caucus meeting at State House, Entebbe.
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The Kampala Capital City Authority (KCCA) management has refused to effect the council resolution to suspend two police officers linked to the death of a street vendor over a week ago. Last week, the KCCA council chaired by Lord Mayor Erias Lukwago passed a resolution suspending Robert Kituuma Rusoke, the
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Maize from Uganda is flowing into Kenya, setting the stage for a reduction in grain prices. According to the Eastern Africa Grain Council (EAGC), Kenya has imported 1,396 tonnes from Uganda in the past week. The maize, which is retailing at an average KSh2, 846 for a 90-kilogramme bag and
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The NRM Caucus has rejected the controversial Constitutional Amendment Bill, 2017 in its current form. The Bill seeks to amend Article 26 and give Government powers to compulsorily acquire land before compensating the owners. NRM MPs who attended the heated meeting that was summoned by the Party Chairman, President Yoweri
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Aggie Asiimwe Konde, who has quit NTV as Managing Director will effective October1, 2017 become the Chief Executive Officer of a top regional organization, Msingi East Africa Ltd. The organization confirmed snatching Konde from NTV. Msingi is an independent East African organisation that is building competitive, inclusive and resilient industries
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Aggie Asiimwe Konde, the NTV Managing Director will effective September 8, 2017 cease to be the TV station boss after four and half years of service. Africa Broadcasting Uganda Ltd (ABUL), a Nation Media Group company and home of NTV/SPARK TV Uganda confirmed the development on Thursday, noting that Konde
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Bank of Uganda has been asked to produce all procurement files relating to purchases made for its golden jubilee celebrations. The demand was made by Parliaments Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) in a meeting with Central Bank officials led by the Deputy Governor Louis Kasekende. The
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Crude production data for June shows Russia remains the world's largest oil producer, according to the Joint Organizations Data Initiative (JODI). Russia produced 10.36 million barrels per day (bpd) during the month, while Saudi Arabia pumped slightly above 10 million bpd. The volume of production in Russia, according to the
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The number of South Sudanese refugees in Uganda hit one million on Thursday, the United Nations said, as hundreds of desperate families pour across the border every day seeking a haven from the civil war. The conflict in South Sudan has created Africa's biggest refugee crisis since the 1994 Rwandan
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