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The News Today

Inside Umeme’s Shs47.5bn loss

  UMEME: Company fails to win court case against ERA, writes off Shs115.3bn from its balance sheet  Kampala, Uganda | JULIUS BUSINGE | Electricity distributor, Umeme Limited, recorded a first ever loss since it listed its shares on the Uganda Securities Exchange and the Nairobi Secures Exchange five  years ago. …

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Grand opening of Pearl of Africa Hotel

Kampala, Uganda | THE INDEPENDENT |  A week after the Pearl of Africa Hotel Kampala officially opened its doors with fireworks, President Yoweri Museveni launched the 5-star facility at a colourful ceremony on Tuesday night. Museveni thanked the Aya Brothers for the investment that will create jobs for Ugandans and boost …

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LIVE: Raila Odinga withdraws from Kenya poll re-run

Nairobi, Kenya | AFP |  Kenyan opposition leader Raila Odinga withdrew Tuesday from a re-run of the presidential election, saying electoral officials had failed to make necessary reforms. “After deliberating on our position in respect of the upcoming election… we believe that all will be best served by (the party) vacating …

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