Former presidential candidate Dr. Kiiza Besigye Tuesday reported back to the Kampala High court registry as required by terms of his bail granted to him in July over treason charges. He appeared in company of his lawyer Earnest Kalibbala before deputy registrar Mary Khainza who extended his bail for another two weeks till …
Read More »Uganda one of 10 countries hosting half world’s refugees
London, United Kingdom | AFP | Ten countries accounting for 2.5 percent of world GDP are hosting more than half the world’s refugees, Amnesty International said Tuesday as it slammed what it called the selfishness of wealthy nations. In a report on the plight faced by the world’s 21 million …
Read More »Besigye says he will not be deterred
Former presidential candidate Kiiza Besigye has condemned the manner in which he was handled when he landed at Entebbe airport early Monday. Besigye accused security operatives of “kidnapping” him. Briefing journalists, Besigye said he was whisked away in a police vehicle to his home in Kasangati without his luggage and that his …
Read More »Why NSSF will pay lower interest rate
NSSF to pay lower interest rate as economy bites Last year, the National Social Security Fund (NSSF) paid its members an interest rate of 13%, which means that for every Shs 1 million saved, a member got an additional Shs 130,000 credited on the account. This year it could less, …
Read More »Who will take UNCCI top job?
Coffee entrepreneur Rugasira set to tussle it out with incumbent Olive Kigongo for UNCCI presidency As the Uganda National Chamber of Commerce and Industry (UNCCI) goes to the polls to elect new leaders, the battle lines have been drawn for the top job. Among those set to be elected in …
Read More »Who owns Uganda’s new oil exploration firms?
On Aug. 01, 2016, the Ministry of Energy and Mineral Development announced the completion of evaluation of seven bids for the first competitive licensing round and invited four of them to negotiate for Production Sharing Agreements (PSAs). The government will eventually issue five exploration licenses upon successful completion of the …
Read More »Hima Cement pins growth on $40m new Tororo plant
Lafarge Africa hopes to boost its market share in Uganda’s cement market through its subsidiary Hima Cement Ltd’s new plant in the country’s eastern region. The $40million plant, set to be constructed at Nyakesi in Rubongi in Tororo, is expected to increase the firm’s cement production capacity to 1.8million metric …
Read More »VIDEO: South Sudan war, Roofings yet to recover
VIDEO: The volatile situation in South Sudan continues to have a bearing on Ugandan businesses. Steel manufacturers Roofings reveal that the company is struggling especially after their biggest market was shut due to the unending conflict. Roofings business development manager Jason Mwesigwa says that the company has lost millions of dollars …
Read More »Rwabwogo blasts MPs on greed
VIDEO: NRM mobiliser Odrek Rwabwogo has said the country needs to check the greed of legislators. Rwabwogo, who is also President Museveni’ son in-law, says the excessive monetary demands are stalling parliament. He calls for an amendment of the constitution to adopt the Israel system where legislators are elected based on experience. His …
Read More »VIDEO: Raila Odinga in Uganda for Queen of Katwe premiere
VIDEO: Kenyan opposition chief Raila Odinga says cooperation between the East African countries should be in a manner that does not hurt the prospects of the neighbours. He said this at the weekend while in the country for the premiere of the film Queen of Katwe. He reassured Ugandans that he …
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