Uganda risks losing trillions of shillings in recoverable costs to oil companies, says Parliament’s Public Accounts Committee (PAC). This is a result of Ministry of Energy and Mineral Development’s failure to demand oil reports from the oil companies. The committee members while meeting the officials from Energy Ministry led by
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“We are not about to stop giving out gifts to our punters (customers). This will continue to happen every weekend at all our branches across the country.” This is how John Nanyumba, Fortebet’s Media Manager started his speech during the gifts handover to the company customers at Nateete old Masaka
Read MoreUS evangelist Billy Graham - one of the most influential preachers of the 20th Century - has died aged 99, the BBC reports. Graham became one of the best-known promoters of Christianity, beginning his worldwide mission in large arenas in London in 1954. He died at his home in Montreat,
Read MoreIt’s a MUST to avail players for FUFA approved competitions, according to FUFA Chief executive Officer, Edgar Watson. FUFA late last year introduced a new football tournament, The Drum, to be competed among 16 assumed provinces with a fat cash prize of Shs100m. This is the highest cash prize to
Read MoreKCCA 1-0 CNaPS (KCCA advance on away goals rule after 2-2 aggregate draw) Paul Mucurezi earned the precious goal KCCA FC yearned for all evening to progress into the first round of the CAF Champions League. KCCA beat resilient Madagascar side CNaPS 1-0 in an intense game at the StarTimes
Read MoreAFRIMAX Uganda Limited, the parent company of Vodafone Uganda has declared insolvency and an administrator has been appointed. [caption id="attachment_8886" align="aligncenter" width="400"] Vodafone has run bankrupt[/caption] According to reliable information obtained by Business Focus, the High Court (Civil Division) on February 15, 2018 appointed Donald Nyakairu as the administrator for
Read MoreOn January 31, 2018 at Uganda Bankers’ Association (UBA) Informal Dinner held in Kampala, Prof. Emmanuel Tumusiime-Mutebile, the Governor of Bank of Uganda said Ugandans will soon enjoy the advantages of Islamic Banking. “The Islamic Banking Regulations, drafted by the BoU, have been approved by the Ministry of Finance Planning
Read MoreCongolese refugees in Rwanda said soldiers shot at them and wounded at least two people on Tuesday as the refugees tried to march out of their camp in protest at a cut in food rations. A government minister denied the account. Refugees said around 2,000 people from the 17,000-strong Karongi
Read MoreColonel Fred Kaka Bagyenda, the Director General of the Internal Security Organisation has written to Police explaining his role in the visit of the dead Finnish national, Tersvuori Tuomas Juha Petteri. Tersvuori was found dead in in room 806 at Pearl of Africa Hotel on February 6th, 2018. It is
Read MoreUganda's Finance Minister Matia Kasaija has dimissed reports that government is seeking to borrow a whopping shs736bn to settle wages. Describing the reports as exeggerated, Kasaija said not all the Shs736bn is meant to settle salaries. Below is the full statement PRESS RELEASE ON THE PROPOSED GOVERNMENT BORROWING OF USHS.
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