Africa’s first woman in space has called for regional and global efforts to enable more Africans to participate in space exploration as part of efforts to advance the continent’s socioeconomic transformation. Sara Sabry (pictured), a young Egyptian astronaut, and founder of the Deep Space Initiative made the call on Tuesday 4 July
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Silver Mugisha, the NWSC Managing Director Parliament has adopted the recommendation demanding to have National Water and Sewerage Corporation (NWSC) address the complaints raised by the public on exorbitant water bills within six months. The directive followed a recommendation in the report by Parliament’s Committee of Commissions, Statutory Authorities and State
Read MoreGovernment has defended its decision to grant Bujagali Energy Limited another year tax waiver despite admitting that the exemption if granted will cost Shs95.6Bn in foregone revenue. The revelation was made by Sidronius Okasai, Minister of State for Energy while appearing before Parliament’s Finance Committee expressing Government’s concern that the
Read MoreEXCLUSIVE: Most & Least Capitalized Banks Named As BoU Warns Lenders On Shs150bn Recapitalization Deadlines
A photo montage of Bank CEOs/Managing Directors The Bank of Uganda (BoU) has issued a rare communication warning banks on the Shs150bn minimum capital requirement they are required to meet by December 2024. Bank results for the year ended 31st December 2022 analyzed by Business Focus show that many banks are still struggling
Read MoreKenya has ended a five-year slide in foreign direct investment after it attracted deals worth Sh107 billion in 2022, but was still beaten by Uganda, Tanzania and Ethiopia in the race to attract investors. Findings of an annual survey by the UN Conference on Trade and Development (UNCTAD) suggest that
Read MoreTraders in Kikuubo are expressing concern over a decline in sales due to intensified security checkups by the police in response to the UK terror alert. Security chiefs have implemented rigorous operations in downtown Kampala, particularly in the Kikuubo business area, to prevent any potential terrorist incidents by conducting thorough
Read MoreA Police truck that was intercepted while loading bags of charcoal at Kamusalaba village Nakapiripirit authorities have intercepted a police truck loading bags of charcoal despite the presidential ban on commercial charcoal trade. The truck, alleged to have come from Mbale City, was found loading over 70 bags of charcoal
Read MoreExperts are urging members of parliament to shift their attention from drug abusers to the individuals who facilitate drug availability as the Narcotic Drugs and Psychotropic Substances (Control) Bill returns to parliament. During a press conference organized to commemorate World Drug Day, Rogers Kasirye, the Executive Director of Uganda Youth
Read MorePolice in Napak district are investigating a break-in at the Mugasime Money lender office in Matany Town Council. The manager, Ivan Ninsiima, reported that the office was locked on Friday evening, but when he returned on Saturday morning, he discovered that the door had been broken and ten million Shillings
Read MoreThe government is seeking to get a new loan worth about US$300 million (UA 223.83) for the rehabilitation of the Malaba-Kampala meter gauge railway. This is according to the statements presented by the Ministry of Finance, Planning, and Economic Development, the Ministry of Works and Transport, and Uganda Railways Corporation,
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