DFCU Bank shareholders are hopeful that 2016 will be good following the release of their company’s half year 2016 un-audited financial statements, which have indicated a Shs 9.6 billion increase in profit compared to the same period last year. According to the financial performance for the first half of the …
Read More »Umeme profits slide
UMEME: NSSF to reap Shs 2.5 billion in dividend payment for first half of 2016 Utility company Umeme has released their 2016 half year results, which indicate that there was a significant revenue growth but an attendant rise in cost of sales means that there will be less profits for …
Read More »Government to start nursery schools next year
The Ministry of Education is finalising plans to introduce nursery classes in public schools starting next year. Janet Museveni, the Education and Sports minister, made the announcement while closing the education sector review conference recently. Private schools have been the sole providers of nursery education, which has seen costs skyrocket …
Read More »Wrongs with National Theater plan
COMMENT: By Peter Nyanzi National Theater – In many other countries, galleries, theaters, museums are supported as tourist attractions Sections of the population and more so the artistes have been angered by reports that the government is planning to give away to investors part of the land on which the …
Read More »Inside the Shs1.4 trillion Bujagali deal
Unclear aspects to the sale of a stake of Bujagli Electricity Limited (BEL) by American company Sithe Global to Norway’s SN Power have made President Yoweri Museveni suspicious. He has asked investigators to look into certain controversies surrounding it, an investigation by The Independent reveals. At the moment, sticking issues …
Read More »Museveni commissions ultra modern air-defence system
President Yoweri Museveni has commissioned ultra modern air- defence systems for Uganda. Over 60 graduate troops were also commissioned to man them at a ceremony in Masindi at the weekend. At the ceremony, Museveni commended the army leadership for building independent capabilities on land, water and air. He hailed the army leadership for recruiting young graduates …
Read More »Miya’s miracle
How teamwork can bring glory to a nation Pass. Pass. Pass. Farouk Miya, the 19-year old who scored Uganda’s history making goal in Mandela National Stadium on Sept.04, should have passed the ball to teammate Oloya who looked better positioned to score. That is the game he had been …
Read More »UPL: Ssekisambu fires Vipers to victory
Saturday results Sadolin Paints 0 Police 1 Saints 1 Express 2 Lweza 0 C Villa 0 Vipers 1 BUL 0 JMC Hippos 1 URA 3 Soana 1 Kirinya 0 Proline 2 Bright Stars 2 Match reports by UPL Vipers 1-0 Bul Vipers kept up the pressure on leaders KCCA …
Read More »Uganda’s National Water targets 60,000 villages
National Water and Sewerage Corporation aims to have every Ugandan village in urban centres connected to a safe source of water by 2020. Dr Silver Mugisha, the Managing Director of NWSC said the sh180 billion project that starts next year will see all of 60,000 villages connected. He revealed that …
Read More »OPINION: Uganda cannot promote `Rolex’
OPINION: By Fred Muwema The current local and International buzz about Uganda’s Rolex (a rolled chapati with eggs and vegetables) appears to be restoring a little pride to some Ugandans. In June 2016, CNN named Uganda’s Rolex as the fastest growing fast food in Africa. Since then, the Rolex festival …
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