Business

Parliament proposes bill prohibits landlords charge rent in foreign currencies.

Tenants will get some peace of mind after parliament decided to propose for the amendments of tenant agreement intended to prohibiting landlords from charging rent in foreign currency for residential and business premises. The proposal [Read more]

Business

BOU blundered by rejecting the President’s advice on Crane bank.

By Kagenyi Lukka By every description, Bank of Uganda is looking shabby, more than ever before. This is because the ongoing probe by Parliament’s Committee on Commissions Statutory Authorities and State Enterprises (COSASE) into the [Read more]

Business

Gov’t has failed secure necessary funds for oil productions- Min. Kasaija.

Minister of Finance, Planning and Economic Development, Matia Kasaija has admitted that the government failed to secure the necessary funds to invest in oil production. Kasaija said this while addressing guests that had gathered at [Read more]

Business

Uganda-South Sudan border fall of currency value cause businesses closed up.

Businesses have shut down at the Elegu border market in Amuru district has slowed down as businesses shut down due to the fluctuating value of the South Sudanese pound that has caused businesses to fail [Read more]

Business

Mbogo Quality Cuts Sausage Company closed over poor hygiene

Mbogo Quality cuts Limited located in Bulenga, Wakiso District, sausage Company has been closed during Uganda National Bureau of Standards over the weekend believing that the company was produced unhygienic sausages to market which could [Read more]

Business

*Exposed:Justine Bagyenda gave orders on Crane bank’s bad book.*

By Kagenyi Lukka The Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) last week kick-started probe into irregularities that marred the Closure of defunct banks, 1993-2017. The irregularities, however much previously debated were recently [Read more]

Business

President Museveni condemns corruption among leaders

President Yoweri Museveni has condemned corrupt blaming them for lagging back development in the country President Museveni said this when he was commissioning factories in Namanve on Thursday where he launched first Uganda made transformers [Read more]

Business

Man caught red-handed changing soft drinks expiry date

Man caught red-handed changing soft drinks expiry dates intending to distribute them to other traders for the market. Asuman Kinene at Wakiso was caught by Uganda National Bureau of Standards by the help of police [Read more]

Business

*Kasekende’s undeclared properties raise questions about his motive.*

By Kagenyi Lukka Louis Kasekende and a team of Bank of Uganda including the governor are appearing before Parliament’s COSASE committee to respond to irregularities in the closure of defunct banks as cited in the [Read more]

Business

Katikamu North MP Byandaala condemns Gov’t policy of free pledges to people.

Katikamu North county Member of Parliament Abraham Byandaala has condemned the government policy of giving out free things to Ugandans as one way of eradicating poverty saying that this can only cause more laziness among [Read more]