Tuesday, July 5, 2022




Business Guru Patrick Bitature’s Empire Under Woes

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KAMPALA: Vantage Capital Fund Managers Proprietary Limited, an equity and debt company, has revealed that Patrick Bitature borrowed $10m (about Shs36b) from them that...

President Museveni Rules Out on Tax Waivers & Subsidies

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KAMPALA: President Museveni has ruled out provision of subsidies, tax waivers or price control as a solution to cushioning Ugandans against the rising prices...

Parliament Calls for Termination of Coffee Contract

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KAMPALA: Parliament unanimously called for the termination of the agreement between Uganda Vinci Coffee Company Limited (UVCCL) and the Government, which sought to grant...

Road, Tree Fund Will Roll out in FY 2022/2023

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KAMPALA: The Uganda Road Fund and Tree Fund will roll out in the Financial Year 2022/2023, the finance minister, Hon. Matia Kasaija has revealed. The...

Next Media’s Kin Kariisa Retires

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KAMPALA: NBS TV’s Kin Kariisa has quit his position as the Board Chairman at Eco Bank Uganda. Kariisa who has been at the helm...

City Arcade Owners Tasked To Install CCTV Cameras and Check Points...

KAMPALA: Following the Tuesday twin suicide bombings by Allied Democratic Forces (ADF) rebels in Kampala that left 7 people dead, including 3 attackers, Government...

Why The Rising Fuel Prices, MPs Question Energy Minister

KAMPALA: The Minister of Energy and Mineral Development has been directed to present a detailed report on the spiraling fuel prices in the country. According...

BoU Asks Financial Institutions To Continue Credit Relief to Borrowers in...

KAMPALA: Bank of Uganda has asked all Supervised Financial Institutions to continue providing credit relief for one more year to borrowers in the education...

Parliament Approves Sh3.8Trillion Supplementary Budget

KAMPALA: Parliament has passed a supplementary budget of Shs 3.819 trillion to mostly stimulate the economy hit by COVID-19 and for security-related interventions. Of this...

Opposition Shadow Ministers Propose Emyooga Parish Development Model Interventions

KAMPALA: The Shadow Finance Minister, Hon Muwanga Kivumbi has listed five challenges that could derail the Parish Development Model, offering four possible interventions. The Parish...