Stories :: Category: Business and finance :: Accepted date: November 2019

Updated: 14 Nov, 11:1711:17

• Mukono Taxi Park Land Sold to Private Developer Top story

  14 Nov 2019, 07:58 Comments 245 Views Mukono, Uganda Politics Business and finance Security Report

  Edward Kiwanuka, a member of the Taxi Park Management Committee, says they have no intention of stopping the municipality or land owner from selling the land but the proposed development must cater for a taxi park. He notes that Mukono shares the busiest highway in the country whose traffic jam will worsen if they are displaced from their current location.

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  Kimbowa Ivan

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• Pictorial: State of Amuru-Adjumani Road Top story

  14 Nov 2019, 07:26 Comments 165 Views Business and finance Health Northern Breaking news

  On Wednesday, transport was paralyzed for several hours when more than 60 vehicles transporting passengers and merchandises got stuck on the road between Attiak Sub County and Alia in Pakele Town Council due to numerous pot holes, mud and poor drainage resulting from heavy rains in the recent weeks.

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  Emmy Daniel Ojara

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• UGX 3 Trillion Locked In Court Disputes- Chief Justice Top story

  13 Nov 2019, 19:49 Comments 287 Views Kampala, Uganda Human rights Business and finance Court Updates

  Katureebe says more judges will have to be recruited and deployed in the Commercial and Civil Division of the High Court to return the idle funds in public circulation. He says the four judges in the Land Division of the High court alone have 9,020 cases to preside over.

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  Peter Labeja

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• Law Firm Sues Kampala Archdiocese Over UGX 920M Legal Fees Top story

  13 Nov 2019, 18:01 Comments 264 Views Business and finance Court Religion Report

  According to documents before the High Court Civil Division, Kampala Archdiocese instructed Byenkya, Kihika and Company Advocates in 2018 to recover Shillings 17 billion from the Finance Ministry being rent arrears for two pieces of land in Nsambya including the one hosting Nsambya Police Barracks.

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  Kukunda Judith

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• Police Recovers 29 Stolen Motorcycles in Gulu

  13 Nov 2019, 12:39 Comments 278 Views Gulu, Uganda Business and finance Crime Security Updates

  Simon Wokorach the enforcement officer Gulu Boda Boda cyclists association says all the recovered motorcycles have since been given back to their owners after presentation of documents proofing ownership of the motorcycles.

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  Michael Ojok

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• Traders, Kame Valley Management Clash For Operating on the Road Top story

  13 Nov 2019, 08:02 Comments 342 Views Business and finance Security Local government Report

  The Market Chairperson, Robert Kigozi, said the decision of the traders to display merchandise in the middle of the road interferes with traffic flow along Kampala-Jinja highway. “We are not fighting mobile traders but they have failed to respect working guidelines that are in line with municipal orders,” Kigozi said

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  Kimbowa Ivan

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• Amuru Authorities Evict 100 Illegal Charcoal Dealers Top story

  13 Nov 2019, 07:36 Comments 331 Views Amuru, Ethiopia Business and finance Environment Northern Breaking news

  Wilfred Odiya Baguma, the Attiak Sub County LC III Chairperson told URN that the charcoal dealers were first detained at Atiak Youth Multi-Purpose Hall before they were escorted out of the district on Tuesday evening.

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  Emmy Daniel Ojara

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• Air Cargo Wants UGX 37 Bn To Repair Aircraft Top story

  13 Nov 2019, 07:04 Comments 289 Views Business and finance Parliament Security Report

  Otekat also disclosed that the cost of repairing the air craft has risen over the last five years from US $2 million to US$10 million warning that it could increase further if money isn’t provided soon.

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  Joan Akello

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• Foot and Mouth Disease Reported in Kotido

  12 Nov 2019, 18:38 Comments 196 Views Moroto, Uganda Business and finance Agriculture Local government Updates

  The Abim Resident District Commissioner, Samuel Mpimbaza Ashaka has blamed the spread of Foot and Mouth Disease across the two districts to rampant theft of livestock, which escalates the spread of the disease. He asked local leaders to effectively enforce the quarantine.

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  Stanley Ebele

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• Rwandan Officials Hands Over Bodies of Slain Ugandans Without Postmortem report Top story

  12 Nov 2019, 17:52 Comments 407 Views Business and finance Security Updates

  David Claudian Mushabe, the Mayor of Nyagatare district maintains the stand of Rwanda that Rwanda National Police Officers killed the smugglers after they turned violent while resisting arrest. Mushabe says that despite the incident is a lesson to learn that each country has its own rules and mandate with security.

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  Samuel Amanya

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• Otuke District Yet to Get Stock Farm

  12 Nov 2019, 15:44 Comments 200 Views Otuke District, Uganda Business and finance Agriculture Local government Updates

  In 2009, President Museveni while in Otuke district pledged to establish the stock farm in the area to be used as the livestock multiplication centre to boost government restocking program in the region. President Museveni subsequently directed the State House controller to deliver some 200 heifers on the land but the proposal soon stalled in 2013 due to land dispute when some local residents mainly from the clan of Atek-Okwerowee rejected it.

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  Ronald Odongo

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• Cipla Quality Chemicals Issues Profit Warning Top story

  12 Nov 2019, 12:08 Comments 312 Views Kampala, Uganda Business and finance Report

  Also, the company said that it was unable to collect some debts, resulting into an increase in credit loss and interest. This is the second time in a row that Cipla is announcing disappointing results after listing on the Uganda Securities Exchange in September 2018.

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  Mwesigwa Alon

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• Kole Women Use Savings to Renovate Police Post

  12 Nov 2019, 07:20 Comments 251 Views Kole, Uganda Business and finance Crime Misc Updates

  Harriet Akullo Okello, the chairperson Kica-Arwot Women Group, says they have decided to use Shillings 500,000 from part of their annual profit to renovate the police post. She says they want police personnel to be redeployed in the area since the crime has escalated.

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  Ronald Odongo

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• Masaka Elders’ SACCO Loses UGX 400 million to Fraud

  11 Nov 2019, 21:27 Comments 323 Views Masaka, Uganda Business and finance Crime Misc Updates

  Charles Kilibo, an auditor in Felbright and Company Auditors while presenting their audit findings indicated that they have established that the SACCO had been wrecked by serious governance weaknesses that created room for fraud and other habits of financial mismanagement.

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  Ezekiel Ssekweyama

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• Bodies of Ugandans Shot Dead in Rwanda to be Repatriated

  11 Nov 2019, 18:33 Comments 530 Views Business and finance Security Updates

  Prikeria Muhindo Mwiine, the Rukiga Resident District Commissioner has told our reporter on Monday afternoon that efforts by the government of Uganda to have bodies repatriated for decent burial are underway. According to Muhindo, officials from Ministry of External Affairs and Rukiga District security officials on Monday managed to have a phone call conversation with Fred Mufulukye, the Eastern Province Governor who told them that the bodies could be released on Tuesday.

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  Samuel Amanya

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• Absa Uganda Receives License from Bank of Uganda

  11 Nov 2019, 18:14 Comments 227 Views Kampala, Uganda Business and finance Report

  BOU Deputy Governor Dr Louis Kasekende said the central bank is pleased to confirm that effective today, what was previously known as Barclays Bank Uganda will become Absa Bank Uganda.

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  Mwesigwa Alon

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• Uganda Airlines Completes Maiden Flight to Mombasa

  11 Nov 2019, 15:51 Comments 220 Views Kampala, Uganda Business and finance Report

  Mombasa is particularly important destination for business people in Uganda. Three quarters of goods destined for Uganda dock at Mombasa. Many business people fly there whenever their goods dock or have a problem to sort. The coast if also an important tourist destination for Ugandans

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  Mwesigwa Alon

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• Gulu Offers Land for Construction of Regional Industrial Hub

  11 Nov 2019, 15:34 Comments 212 Views Gulu, Uganda Business and finance Northern Breaking news

  The industrial hub project will provide vocational skills training including carpentry and joinery tailoring, shoemaking, stone cutting, bakery, craftsmanship and hairdressing specifically for the youths from the eight districts of Acholi and parts of West Nile Sub Region.

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  Emmy Daniel Ojara

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• Rukiga Security Bans Traders from Crossing Illegally Into Rwanda Top story

  11 Nov 2019, 14:52 Comments 402 Views Business and finance Security Updates

  Muhindo says despite the closure of Uganda-Rwanda border by Rwandan authorities, many Ugandan traders had developed a habit of crossing through ungazzeted points to transact business. She says they pleaded with the traders severally to stop crossing to Rwanda illegally because their safety wasn’t guaranteed in vain.

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  Samuel Amanya

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• Post Bank Gets New Managing Director

  11 Nov 2019, 11:15 Comments 211 Views Kampala, Uganda Business and finance Report

  Kakeeto has been heading Kololo-headquartered Orient bank for the four and half years and is credited for turning the bank profitable.

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  Mwesigwa Alon

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