New York, United States | AFP | NASA said Friday it will open up the International Space Station to business ventures including space tourism as it seeks to financially disengage from the orbiting research lab. Price tag? Tens of millions of dollars for a round trip ticket and $35,000 a night. …
Read More »Belgian forward Eden Hazard joins Real Madrid for Zidane re-build
Madrid, Spain | AFP | Eden Hazard completed his long-awaited move from Chelsea to Real Madrid on Friday and could become the Spanish club’s most expensive signing in their history. Real said Hazard, 28, had signed a five-year contract. His contract at the Premier League club was due to expire next year but the Blues …
Read More »Ecobank hosted by London stock exchange after successful $500 million Eurobond issuance
Kampala, Uganda | THE INDEPENDENT | Following its successful $500 million Eurobond issuance, Ecobank Transnational Incorporated (‘ETI’), the Lomé-based parent company of the Ecobank Group, was hosted by the London Stock Exchange to a market opening ceremony to celebrate the successful listing of the Eurobond on the London Stock Exchange (LSE) …
Read More »Lukwago loses Ugx 47 million taxation appeal against Musisi
Kampala, Uganda | THE INDEPENDENT | Kampala Lord Mayor Erias Lukwago has lost an appeal challenging a tax bill of 47 million Shillings filed by former Executive Director of Kampala Capital City Authority Jennifer Musisi Ssemakula. The taxation appeal stems from an application filed by Lukwago in 2012 accusing the …
Read More »Councilors demand probe into Mbarara roundabout renovation
Kampala, Uganda | THE INDEPENDENT | Mbarara municipality Councillors are calling for investigations into the renovation works undertaken on Mbarara roundabout early this year. The task contracted to Abubaker Technical Services involved the beautification of the roundabout as well as streets across Mbarara municipality. But in the process, the company …
Read More »Gov’t completed only four irrigation schemes
Kampala, Uganda | THE INDEPENDENT | Museveni in his State of the Nation said Doho Irrigation scheme in Butalega district, Mubuku Irrigation scheme in Kasese district, Agoro in Lamwo district and Olweny in Lira district were complete. He said physical works for Mubuku II and Doho II were on going. …
Read More »Museveni reveals Uganda’s atomic energy plan
Kampala, Uganda | THE INDEPENDENT | President Museveni insists that Uganda need nuclear power dams despite concerns that generating power from nuclear is quite expensive. He said the government has completed pre-feasibility studies for a 2000-Meggwatt nuclear powers project He says Uganda must think of nuclear power because all the …
Read More »Museveni tells off the Opposition
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has lashed at the Opposition for criticizing Government programs instead of developing their constituents. He said the opposition in Parliament has not done anything tangible for the people it represents. During the State of the Nation Address at Serena International Conference …
Read More »UDB capitalization at Sh272bn – Museveni
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has now been capitalised to the tune of 272 billion shillings, with the money expected to help reduce the cost of money for local entrepreneurs. Speaking at the State of the Nation Address on Thursday, President Museveni said the “the …
Read More »Man arrested for impersonating deputy IGP’s personal assistant
Kampala, Uganda | THE INDEPENDENT | Police have arrested, Bashir Katamba, on accusations of defrauding 50 million shillings and impersonating James Ruhweza, the personal assistant to the Deputy Inspector General of Police, Maj Gen Muzeeyi Sabiiti. Ruhweza is the former Kampala Metropolitan operations commander and now commands Civil Aviation Police …
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