Museveni: I am the one who ordered for deportation of MTN CEO but I was misled,Museveni’s money fights with MTN Emerge
Money, policy and misinformation are at the centre of the long-running tension between Uganda’s leading telecom operator, MTN, and the government. That much was confirmed at a meeting last week between President Yoweri Museveni and MTN Group CEO Rob Shuter,...
Man Arrested After Eating Free KFC for a Year by Claiming He’s From Headquarters
KFC has responded to fans of the alleged conman on Twitter to say: “It would be legendary if only it were true. Fake is as far as it gets with this story.” Let’s face it: sometimes, crime does pay. Our society...
Uganda exported gold worth Shs 1.3 trillion in March
Uganda exported gold worth $363 million (about Shs 1.3 trillion) in March alone, according to Bank of Uganda. This is the first time the country has exported gold worth that much in a single month. This brings the total export for the three months...
Sudhir Ruparelia sues his former defunct Crane Bank afresh
Businessman Sudhir Ruparelia has petitioned the Commercial Court, seeking to dismiss the multibillion case brought against him by his former bank, Crane Bank. In an application filed on April 30, 2019, Mr Ruparelia contends that when Crane...
MPs approve zoning in sugar bill
The Parliamentary committee on trade has included zoning in the Sugar Bill 2016, which was recently returned by President Museveni. The Sugar Bill is meant to ensure that there is a sustainable, diversified, harmonized, modern and competitive sugar...
Chinese scientists put human brain genes into monkeys, spark ethical quagmire debate
When scientists in China added human genes to monkeys, they were hoping to gain a better understanding of how human brains develop. In the process, they triggered an ethical debate over research that some say blurs the line between humans and animals. The...
Gov’t proposal to write off UGX 426Bn tax arrears raises queries
Officials from the Finance Ministry on Wednesday failed to convince Members of Parliament sitting on the Finance Committee about a proposal for government to write off tax arrears amounting to 426 billion shillings. The figure is out of the 2.6 trillion...
Govt Offers to pay 500B UTL Liabilities
Government has offered to waive all the liabilities held by Uganda Telecom Limited (UTL), as one of the attempts to attract a buyer for the company. This is according to two people, who are familiar with the search. This means that the government will...
Government Seeking for new investor to Buy Uganda Telecom After Nigerian Firm Failure
February 2017. Libyan investors UCOM Ltd withdraw and five directors resign from UTL. April 2017. Government places the telecom under administration of the Registrar General. October 2017: The administer solicits bids from potential buyers. January...
Minister Anite Suspends Marijuana Growing Licence Issued To Israel Company
The State Minister for Privatization and Investment, Evelyn Anite has directed Uganda Investment Authority (UIA) to suspend a licence that had been issued to Israeli company, Together, to establish a cannabis (marijuana) farm in Uganda for medical purposes. Last...
