Catalyst CEO Paul Kavuma. PHOTO | SALATON NJAU | NMG Biscuit maker Britania has been accused in court of cooking books ahead of selling the confectionery producer to private equity firm Catalyst for KSh1.2 billion (UShs37.5bn), inflating the buyout price nearly ten times. Catalyst says the alleged deception has cost it
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EAC Due to become world's 'largest trading bloc' after DRC inclusion The heads of state of the East African Community, EAC, countries are due to meet Tuesday, with the final step for the admission of the Democratic Republic of Congo (DRC) expected, according to officials at the secretariat. Expected because
Read MoreThe joint security forces comprising the army and police killed twenty Karimojong cattle rustlers during their disarmament operations in the Karamoja region last week. Micheal Longole, the Karamoja Regional Police Spokesperson told our reporter in an interview on Monday that the rustlers were gunned down in gunfire exchanges with
Read MorePresident Yoweri Museveni Ikwera Girls secondary school in Kwania district wants President Yoweri Kaguta Museveni to fulfil a pledge he made to the school 16 years ago. In 2006, the Uganda People’s Defense Forces (UPDF) used a Lorry Reg No. UG 0753G belonging to Ikwera Girls SS to
Read MoreMbale city authorities have closed over 200 business premises over tax evasion. The affected businesses were closed in an operation in Nkoma and Namakweke in the Northern Mbale City Division on Monday. According to the Northern City Mbale Division Town Clerk, Martin Busiku, most of the affected business people
Read MoreCoffee wilt resistant variety The Uganda Coffee Development Authority (UCDA) has started the process of introducing a new Coffee Wilt Disease Resistant (CWDR) variety in the Kitgum and Lamwo districts as one of the measures to increase coffee production by farmers. Coffee growing was introduced in Kitgum in 2015.
Read MoreEnergy losses remain a big challenge to Umeme Uganda’s leading power distributor, Umeme Limited has registered a net profit of Ushs139.15bn in 2021, up from Ushs43.08bn in 2020. According to the company’s audited financial statements for the year ended 31 December 2021 released today, “The main drivers of the financial performance
Read MoreA Mobius car at the launch in Nairobi in 2014. PHOTO | SALATON NJAU | NMG Kenya’s only home-grown automaker, Mobius Motors, plans to ramp up production of its second generation model with an eye on the regional market including Uganda and Tanzania. The automaker, which in 2014 pioneered production
Read MoreIrish potato production in Kigezi has declined The drop in Irish potato production in Kigezi sub-region has raised concern among farmers and agriculture experts. Irish potatoes are both a staple food and a source of income for farmers in the region. Kabale, Rubanda, Rukiga and Kisoro districts produce at
Read MoreA telecom mast/ Courtesy photo Telecommunications firm Airtel Africa has stopped investing in tower infrastructure in Kenya, Uganda and other markets in the continent, with the company intending to sell most of its existing assets. The company’s strategy of reducing ownership of infrastructure in favour of leasing has been disclosed by
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