Kitgum Main Market is still operating below capacity, more than two years after its commissioning, raising concerns over declining local revenue collection.The 2.6 billion Shillings market, constructed under the Markets and Agricultural Trade Improvement Programme-II (MATIP II), was commis
Richard Byarugaba has joined Equity Group Insurance to lead its new asset management subsidiary as the company expands into wealth management services.Equity Group Insurance Holdings Limited (EGIHL) has appointed veteran financial executive Richard Patrick Byarugaba as Managing Director fo
There is a silent frustration growing among Ugandan employees. Not because people do not want to pay taxes.Most salaried workers already understand that taxation is part of nation-building. Every month, Pay As You Earn (PAYE) is deducted before salaries even hit bank accounts. Employees ha
Kampala hair shop has been linked to the fraudulent use of a Singapore woman’s credit card, resulting in the theft of UGX 13 million through three unauthorised transactions.The victim, a Singapore citizen identified as Roxanne, says her credit card information was stolen and later used w
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
