Category: Business
Inside Job: Suspect in PostBank Shs 500 Million Counterfeit Arrested
Post Bank has said that its staff colluded and put fake currency in its branch in Mbale.This week, the bank confirmed that its internal control mechanism had discovered counterfeit notes worth sh 500 million in the Mbale branch.Bundles of counterfeit sh 50,000 notes were found on No
Ultimate Uganda
Why MTN is at loggerheads with URA in Shs 1.5 trillion tax stalemate
For the past five months or so, Uganda Revenue Authority (URA) has been at loggerheads with Uganda’s biggest telecommunications company, MTN.This follows an audit carried out by SafariTech - a Kenyan company tha
Ultimate Uganda
Teachers protest poor pay at Kampala Parents' School owned by Sudhir Ruparelia
Teachers at Kampala Parents' School, located in Naguru, have staged a protest over their poor pay at the primary school.The school, owned by businessman Sudhir Ruparelia, Uganda’s wealthiest individual, is part
Ultimate Uganda
Uganda Investment Authority and British High Commission Mired In Namanve Project Scandal
The Uganda Investment Authority (UIA), under the leadership of Robert Mukiza, in collaboration with Louis Arinaitwe, the Country Director for Trade at the British High Commission (BHC), has become embroiled in a significant scandal.
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How Museveni’s 4-Acre Model Message Transformed the Life of Serere Farmer
Mr. Joseph Ijara, the proprietor of Teifa Farm in Kakusi cell, Serere District, today shared an inspiring journey of resilience and success, proving that with the right mindset and determination, transformative change is possible.
Ultimate Uganda
MAAIF’s US$354M Project to Mitigate Climate Change Effects on Agricultural Sector
The Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) is implementing a 6-year project aimed at mitigating the effects of climate change on Uganda’s agricultural sector.Titled the Uganda Climate Sma
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Shocking Truth: Posta Uganda Operating Illegally
(Kampala) â Posta Uganda, the countryâs postal service provider, has been operating without a valid license, according to revelations from a parliamentary Ad Hoc Committee. During an interface on Tuesday, November 19, 2024, chaired by Karim Masaba, lawmakers scrutinized Uganda Posta Limite
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Govt opens up three new areas for oil exploration
The Ministry of Energy says opening up new areas will, among others, contribute to the sustainability of oil production. The Ministry of Energy and Mineral Development has opened up three new areas or frontier basins for petroleum activities spanning 17,244 square kilometres across the c
Ultimate Uganda
Uganda faces setback in Aids fight with 38,000 new HIV cases in 2023
The Uganda Aids Commission (UAC) has raised concerns about the high number of new HIV infections registered in the country annually, which may hinder Uganda’s goal to end Aids by 2030. Dr Vincent Bagambe, the director of planning and strategic information at UAC, said although new infe