A flier advertising Bridge waters Security authorities in Kabale district have launched investigations into the circumstances under which hundreds of residents were fleeced by an online cryptocurrency company-Bridge Water Stocks. The online company that abruptly shut down started attracting locals mid last year. At the time, a number of business
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Uganda Paid Shs1.8 Billion For Speaker Jacob Oulanyah’s Flight To US For Treatment
Speaker of Parliament Jacob Oulanyah. Uganda Airlines charged and received 500,000 US Dollars (about Shs1.75bn)to fly the Parliament Speaker Jacob Oulanyah one way to Seattle, United States of America for treatment. The Airlines Acting CEO Jeniffer Bamuturaki says that the Airbus A330-800 was chartered by a client whom she would
Read MoreMuseveni commissioning the Kinyara Sugar Limited Industrial Sugar Refinery Plant on Saturday/ Courtesy Photo President Yoweri Kaguta Museveni has commissioned a US$15million (UShs52.4bn) Kinyara Industrial White Sugar Refinery plant in Masindi District. The refinery which was commissioned yesterday, is the first in East Africa constructed by Kinyara Sugar Ltd in
Read MorePresident Yoweri Kaguta Museveni has lifted the curfew restrictions imposed on the boda boda sector. The order has been issued starting February 7th at 6:00 PM. In his address on December 31, 2021 President Museveni reopened the economy from the two-year lockdown but boda bodas remained operating between 5
Read MoreUganda Airlines Ag. Chief Executive Officer, Jennifer Bamuturaki The Uganda Airlines aircraft which flew to Seattle, USA via Kefravik in Iceland, was a charter by a client of the national Carrier, according to management. The flight caused excitement both locally and in the international travel enthusiasts, wondering on what mission UR
Read MoreRonald Muyanja, the Head of Trading at Stanbic Bank Business conditions improved in the Ugandan private sector in January, buoyed by the reopening of schools following an extended period of closure due to the COVID-19 pandemic according to the latest Stanbic Bank sponsored Purchase Managers Index (PMI). Despite an increase
Read MoreThe Auditor General, John Muwanga The just released December 2021 Auditor General report has given a glimpse into wastage of public expenditure, highlighting that projects worth Shs39Trn are lying idle with hopes of their completion fading away. The Auditor General, John Muwanga recently handed over his report to Deputy Speaker
Read MoreThe Auditor General John Muwanga has called for adequate capitalization of the Uganda National Oil Company (UNOC) and its subsidiary companies to enable government's commercial participation in the strategic oil and gas sector. According to Muwanga’s new audit report for financial year 2020/2021, a total of 914.1 billion Shillings comprising
Read MoreAs many as 306,000 Ugandans every year develop cancerous cells but are never diagnosed or seek treatment because they do not know, according to the Uganda Cancer Institute. Data from the cancer registry shows that in 2020, a total of 34,008 people were diagnosed with cancer in the country. However,
Read MoreTraders in Busia town have decried over increasing number of trucks on the queue blocking clients from accessing their businesses. There's a long queue of empty trucks along Jinja road of about 5 kilometers from the main entrance at Busia one-stop border post and another queue of about 3.5 kilometers
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