Kampala, Uganda | Ronald Musoke| The Climate Change Unit in the Ministry of Water and Environment is in the process of initiating a national Climate Change Policy before the end of the year according to a top Ministry of Water and Environment official. The Climate Change Unit was created by the …
Read More »Umeme IPO oversubscribed
Kampala, Uganda | Julius Businge | The Umeme Initial Public Offering which closed on Nov. 7 has been oversubscribed by 35% by all categories of investors, officials said on Nov.8. They [officials] from Stanbic bank Uganda-the transaction advisor, African Alliance Uganda-the lead sponsoring broker said more than the 622, 378, 000 shares …
Read More »Air traffic controllers discuss safety
Kampala, Uganda | Julius Businge| The International Federation of Air Traffic Controllers Association (IFATCA) has met in Kampala for the last three days [from Nov. 7 to 9] to discuss about safety issues in the aviation industry. IFATCA is an umbrella organisation that brings together professional associations of air traffic controllers …
Read More »Court Acquits Foreign Affairs Minister
Kampala, Uganda | Julius Odeke| The Foreign Affairs Minister Sam Kutesa and his other two colleagues have been acquitted by the Anti -Corruption Court on Friday morning. The three ministers who include; Sam Kutesa, John Nasasira and Mwesigwa Rukutana were accused of causing financial loss to government during preparations for the …
Read More »Kaberuka tips Uganda on oil
By Ronald Musoke The president of the African Development Bank, Donald Kaberuka, has advised Uganda to exploit her oil and natural gas resources in an optimal manner if the country is to avoid repeating the mistakes the first generation African oil and gas producers like Nigeria have made over …
Read More »AfDB to use Africa’s foreign reserves cash for infrastructure projects
Kampala, Uganda | Ronald Musoke | The president of the African Development Bank (AfDB), Donald Kaberuka, has said the continental institution is in the process of convincing African states to use some of their savings held in foreign reserves to kick start several infrastructural projects to aid their economic transformation. Kaberuka who …
Read More »Olara Otunnu to observe Sierra Leone elections
Kampala, Uganda | Sarah Namulondo | The president of Uganda People’s Congress, Olara Otunnu, will lead the Commonwealth Observer Group on Nov 17, in monitoring both National and Local Government Elections. The elections which are the third to take place in Sierra Leone since its decade-long conflict ended have always been observed …
Read More »International Financial Corporation to buy Umeme Shares.
By Jimmy Siya A day to the closure of the Umeme Initial Public Offer (IPO), the sale of shares, David Alderton the Corporate Development Manager announced the intentions of the International Financial Corporation to buy Umeme Shares. The corporate Advisor African Alliance Brokers, William Nyakatura says there has been a …
Read More »Mao blames corruption on Museveni
By Aloysious Kasoma Democratic Party President Norbert Mao has blamed the corruption allegations in the prime minister’s office as Museveni’s problem. Mao said that the source of corruption is Museveni and his NRM party where his removal could play a significant role in the fight against corruption. “His removal is …
Read More »Makerere College of science celebrates World Radiography Day
Kampala, Uganda | Sarah Namulondo | Students and lecturers at Makerere College of science have joined in today’s celebrations of the international World Radiography Day. The day which is gazetted by the World Health Organisation is celebrated to commemorate the 1895 x-ray discovery by Dr W Roentgen in German. The discovery introduced …
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