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Parliament Approves Shs772 Bn Loan to Tackle Water Crisis in Four Districts

Parliament Approves Shs772 Bn Loan to Tackle Water Crisis in Four Districts

The Parliamentary Committee on the National Economy has approved a government request to borrow Shs772 billion to address long-standing water supply challenges in four Ugandan districts.The funds will finance the Strategic Town Water Supply and Sanitation Project in Kayunga, Mayuge, Kamuli

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Trump orders removal of Federal Reserve governor Lisa Cook

Trump orders removal of Federal Reserve governor Lisa Cook

President Donald Trump has said he will immediately remove Federal Reserve official Lisa Cook from her position, a major escalation in his battle against the US central bank.In an announcement made on his social media platform Truth Social, Trump posted a letter addressed

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Court of Appeal Clears Vantage Fund to Enforce $10m Loan Against Bitature’s Simba Companies

Court of Appeal Clears Vantage Fund to Enforce $10m Loan Against Bitature’s Simba Companies

“The mere act of lending money without a physical address in Uganda does not create an obligation for the appellant as a foreign lender to register. The appellant has a right to implement the terms of the agreement in Uganda, including instituting proceedings

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High Court upholds Equity Bank’s $10m loan against Simbamanyo, dismisses fraud claims

High Court upholds Equity Bank’s $10m loan against Simbamanyo, dismisses fraud claims

Simbamanyo house which was acquired by tycoon Sudhir Ruparelia.The Commercial Division of the High Court has dismissed a high-profile legal challenge filed by Simbamanyo Estates Limited, ruling that the $10 million post-import loan facility extended to Eq

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Having Failed to Clear His Shs150Bn Debt, Kampala Emin Pasha Hotel Owner Kenny Losuk Lokule Lands M7 Rescue

Having Failed to Clear His Shs150Bn Debt, Kampala Emin Pasha Hotel Owner Kenny Losuk Lokule Lands M7 Rescue

In 2014, Kampala property mogul/businessman Kennedy Losuk Lokule embarked on construction of the luxurious Emin Pasha Lake View Residence on the rocky terrain of Kampala’s upscale neighbourhood of Muyenga.Reporting by Weekend Vision shows that the 120-r

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Ghana’s search for Umeme

Ghana’s search for Umeme

Ghana is considering reform in the energy sector, with Umeme in mind How this West African country is looking to the success Uganda has just destroyed to solve its electricity crisisTH

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Govt Slaps New Taxes on Cigarettes, Beer

Govt Slaps New Taxes on Cigarettes, Beer

The government has announced new tax measures on cigarettes, beer, imports, and agricultural by-product exports in the 2025/26 national budget, in a bid to boost domestic revenue and harmonize with regional tax frameworks.Presenting the budget to Parliament on Thursday, Finance Minister Ma

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Uganda's Treacherous Path: A Shs34tn Gamble on Debt and Unproven Revenue

Uganda's Treacherous Path: A Shs34tn Gamble on Debt and Unproven Revenue

A stark warning has been issued from the corridors of parliamentary oversight, painting a grim picture of Uganda's fiscal health.The Shadow Minister for Finance, Ibrahim Ssemujju Nganda, has cast a critical spotlight on the government's ambitious, and arguably perilous, pl

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Musk turns on Republicans - and gives Trump's big bill a harder path

Musk turns on Republicans - and gives Trump's big bill a harder path

For 130 days, tech billionaire Elon Musk was a "special government employee" working inside the Trump administration to slash what he said were wasteful government programmes and bloated departments.Now, after his exit last week, he is back on the outside. And it is the Tr

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Why getting married abroad could land you with a HUGE bill from the taxman

Why getting married abroad could land you with a HUGE bill from the taxman

Couples marrying abroad could be landed with a huge inheritance tax bill if their foreign wedding is not legally binding, a husband and wife have warned.Antonia Medlicott, 49, and Tim Pindar, 44, tied the knot in 2009 in the wedding of their dreams in&nbs

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