EALA MPs Earn Over 50M Each Month In Salary

Now we know why Ugandans politicians are ready to kill each other to be the next EALA MP. It’s all about the money. The East African Legislative Assembly (EALA) is the highest paid in the region and second only to Nigeria on the continent, according to the East African. The MPs now earn $6,408 as their […]

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Uganda To Have Second Solar Power Plant

Construction of the second solar power plant will start in six months when an investor is expected to have secured funds, allowing Uganda to expand its power supplies from cheaper and renewable sources. Uganda is keen to boost its energy output, while lowering the cost, which officials say is vital to power businesses and drive economic […]

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Ugandans Swimming In Illicit Booze

Ugandans Swimming In Illicit Booze Uganda loses US$172m about Shs616bn taxes every year in uncollected taxes accruing to the production and trade in illicit alcohol. According to a study released by Euromonitor International on the Alcohol Beverage Market in Uganda 2015, Uganda is a market dominated by illegitimate alcohol brewed by unregulated and undocumented  brewers who […]

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New Mall Set To Be Built In Nsambya

SWANKY: Artistic impression of Arena Mall which will be built in Nsambya South African asset manager Stanlib has partnered with Chestnut Uganda (owned by lawyer Charles Odere) for the construction and development of a $50m shopping mall in Kampala. Stanlib’s private equity Africa Direct Property Development Fund will provide $30m, whereas Standard Bank South Africa, […]

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UTL Can Still Be Revamped – Libyans

UTL Can Still Be Revamped – Libyans By Serestino Tusingwire The Chairman of Libyan Post, Telecommunication and Information Technology Holding Company, Dr. Faisel Gergab, has said that Uganda Telecom Limited still has a future. Dr Gergab told MPs on the select committee probing the state of UTL that the Libyan firm was coming up with […]

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DFCU Receives $50 Million Loan From ‘Arise’ To Boost Banking Sector

DFCU Receives $50 Million Loan From ‘Arise’ To Boost Banking Sector   Following its crane bank take over recently, DFCU bank has received a loan of $50 million (Shs179.25 billion) from Arise, an investment company based in Cape Town. Dfcu Bank recently concluded an agreement with the Bank of Uganda to purchase the assets and […]

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Uganda’s Economy to Worsen – Economist

Uganda’s Economy to Worsen – Economist Economists have predicted tough times ahead with a further weakening of the Uganda shilling this year in response to global sentiments. According to Jibran Qureishi, Stanbic Bank’s Chief Economist for East Africa, the shilling is expected to trade between 3,850 and 3,900 against the US Dollar at the end […]

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Uganda Ready For Business with Midlands

Uganda Ready For Business with Midlands Uganda Convention-UK (UCUK)in conjunction with the Uganda High Commission UK; along with strategic partners to include: Black Country, Greater Birmingham & Solihull Local Enterprise Partnership, Coventry and Warwickshire Local Enterprise Partnership (Growth Hub), Worcestershire Business Central will be holding their first joint investment and export promotion conference in the West Midlands on the 9th May 2017 at […]

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Lukwago To Meet Owino Market Leaders Over 4bn Debt

Lukwago To Meet Owino Market Leaders Over 4bn Debt The lord mayor of Kampala Erias Lukwago is this week set to schedule an emergency meeting with the leadership of Owino market to devise means of saving their land over 4billion debt. The debt arose from a loan, which Owino Market vendors acquired from Dfcu bank […]

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UTL Debt Stands At Shs 700 Mil­lion – Report

UTL Debt Stands At Shs 700 Mil­lion – Report A se­lect com­mit­tee in­sti­tuted by Par­lia­ment to in­ves­ti­gate the fi­nan­cial woes at Uganda Tele­com Limited (UTL) has re­vealed that the com­pa­ny’s debt cur­rently stands at Ugx 700 bil­lion. The com­mit­tee chair­per­son, Phillip Okin Ojara, who is also Chua West MP, told jour­nal­ists at a press con­fer­ence […]

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Mutebile Quashes World Bank Report On Ugandan Economy

Mutebile Quashes World Bank Report On Ugandan Economy By Serestino Tusingwire The Governor Bank of Uganda Emmanuel Mutebile has slammed a World Bank report that shows that low levels of public trust in financial institutions  is hurting the Ugandan economy. Giving his closing remarks at the launch of the 8th Uganda Economic Update, Mutebile said the […]

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Airtel Moves to Terminate Interconnection Agreement with UTL

Airtel Moves to Terminate Interconnection Agreement with UTL By Serestino Tusingwire Airtel Uganda has decided to terminate the interconnection agreement with the defunct Uganda Telecommunications (UTL). According to the latest press release by Airtel Uganda, airtel customers will no longer be able to make or receive calls from UTL effective Friday February 03, 2017. “Airtel regrets […]

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Danish Group Quorvus Takes up Aya Hotel

Danish Group Quorvus Takes up Aya Hotel By Prisca Wanyenya Quorvus Collection, a subsidiary of The Rezidor Hotel Group, has taken over management of Aya Hilton Hotel.   The Hotel five star hotel has been renamed Pearl of Africa Hotel, the group has announced. “The Rezidor Hotel Group, one the fastest growing hotel companies in […]

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DFCU Completes Crane Bank Takeover

DFCU Completes Crane Bank Takeover By Serestino Tusingwire DFCU bank has been finally announced the overall winner among the 13 institutions that bid to take over the troubled Crane Bank. According to the governor Bank of Uganda, Prof. Emmanuel Tumusime Mutebile, DFCU bank from now on will be handling the accounts of all crane bank […]

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Middle East Consultants Limited Extends Labour Market to Saudi Arabia

Middle East Consultants Limited Extends Labour Market to Saudi Arabia By Serestino Tusingwire Middle East Consultants Limited has extended its labour market to Asian continent particularly in Saudi Arabia. On Tuesday January 18, Middle East consultants sent over 50 males to work for Kentucky Fried Chicken under McDonald group of Companies. McDonald is an international […]

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Uganda UK Convention Boss Roots for Investment In Uganda

Uganda UK Convention Boss Roots for Investment In Uganda The Vice-Chairman of Uganda convention in UK has advised Ugandans in the Diaspora to take advantage of the conducive investment environment and incentives. Mr. Bernard Robinson Magulu; CPA, FCCA, the Vice President of Uganda Convention in UK and Country Representative has advised Diasporans to utilise the […]

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Uganda’s Top PR Gurus & What Makes Them Tick

Uganda’s Top PR Gurus & What Makes Them Tick By John V Sserwaniko & Moses Semakula Cynthia Mpanga: She is a young adult who works with Standard Chartered bank. She is rated highly by media people because she promptly gets back to you with very good answers. She is passionate and knowledge about the institution […]

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Middle East Consultants To Recruit 300 Drivers For UAE

Middle East Consultants To Recruit 300 Drivers For UAE By John Nanyumba The Middle East Consultants Limited has offered to recruit 300 Ugandans to work as taxi and Bus drivers in the United Arab Emirates. According to the company managing director, Gordon Mugyenyi, all is set for these Ugandans to go for interviews slated to […]

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Masaka Leaders Halt Construction Of BoU Currency Centre On Golf Course Land

Masaka Leaders Halt Construction Of BoU Currency Centre On Golf Course Land By Serestino Tusingwire Masaka district leaders have halted the construction of the Bank of Uganda currency centre alleging unlawful acquisition of golf course land. Masaka district leaders, accompanied by Bukoto East MP Florence Namayanja, stormed the construction site of the Bank of Uganda […]

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WorldRemit, La-Cedri Forex Bureau launch instant money transfers to Uganda

WorldRemit, La-Cedri Forex Bureau launch instant money transfers to Uganda La-Cedri Forex Bureau one of the leading Forex exchange and money transfer companies in Uganda has partnered with WorldRemit – the UK’s fastest-growing technology firm. La-Cedri which celebrated 20 years in business recently has four branches spread all over the Kampala Central Business District at […]

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