Frank Musoke, a former money manager for high-profile clients, is accused of embezzling over 8 billion UGX from American entertainer Nick Cannon. Musoke, a Ugandan national, worked as an account manager at a top Beverly Hills firm, which handles the financial and business affairs of elite celebri
The economy faces potential instability following the revelation that the seven laptops stolen from the Bank of Uganda on Monday held sensitive information. In response, a collaborative security team has ramped up efforts to locate the missing devices. Additionally, 30 laptops colle
Uganda National Oil Company (Unoc) said on Wednesday it had begun discharging nearly 100 million litres of fuel at the port of Mombasa, with the first consignments expected to reach Uganda within days amid rising pump prices.The shipment, offloaded on May 5, comprises 47.5 million litres o
man often meets his destiny on the road he took to avoid it,” the French poet Jean de La Fontaine famously said. The idea is that, despite one’s best efforts to avoid a certain path in life, they end up facing it anyway.That pretty much sums up Paul Mwesigwa’s one-year tenure as Mana
Uganda’s road safety crisis remains a major concern, as recent incidents highlight the growing danger on its roads. In separate crashes, six people died, and several others were injured on the Pakwach–Olwiyo–Karuma highway. Hours later, another person was killed on the Mbarara–Bushenyi ro
The Uganda Investment Authority (UIA) has announced plans to transform Kapeeka Industrial Park, in Nakaseke district, into a one-stop centre and a district industrial hub.Established 20 years ago as Liao Shen Industrial Park, the facility boasts 34 factories of the total 80 target and has
At the break of dawn, before Mbale City fully wakes, the Mbale-Kampala road, which leads to Mbale-Sino Industrial Park, is already alive.Thousands of young men and women move from either direction of the road, most of them on foot and a few others on boda bodas, from their respective villa
Sugarcane farmers and leaders across Kagadi, Kibaale, and Kakumiro districts in Greater Kibaale, Bunyoro sub-region, are increasingly frustrated as continued delays in licensing a proposed sugar factory threaten their livelihoods.Many are reporting heavy losses due to limited market access
Internal Audit Uncovers UGX 214 Million In Unaccounted Cash Payments And UGX 6.6 Million In Fraudulent Student DisbursementsGulu University has interdicted its Dean of Students, Dr. Stella Amero Eduan, following the findings of two internal audit reports presented to the university’s Aud
Produce dealers in Nebbi are counting losses as rising fuel prices have forced them to hike the cost of food.Since rising fuel prices have a significant impact on food prices, customers are being forced to move long distances in search for cheaper prices.Some of the traders who ar
