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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 …

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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 …

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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 …

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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 …

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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 …

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