Stanbic Bank Uganda Chief Executive Officer, Patrick Mweheire says East Africa’s highly diversified economies offers immense opportunity for South African investors.
He said the region's economies are growing northwards of 6% in a highly integrated regional market offering great fortune for potential investors.
Police said the suspects defrauded some people over 30 million shillings promising to sell to them a money printing machine. The victims were duped to first send the money in order to acquire the whole machine.
Gonzaga Ssempijja, who was shot by Local Defence Unit (LDUs) personnel in the wee hours of Tuesday morning, along Entebbe Expressway, has been admitted at Entebbe hospital.
Patrick Onyango, Kampala Metropolitan police spokesperson, said Ssempijja was shot when he attempted to escape after LDUs who had sighted him alongside another man, Innocent Turinawe, vandalizing wire meshe
The deceased identified as Abdullah Nsubuga is a pupil of Bright Primary school. The accident which occurred on Tuesday at Rukerere village along Bukulula- Kalungu road involved a truck canter registration number UAY 211B.
Interpol Director Benson Oyo Nyeko says the operation followed a tip-off on trucks transporting fake waragi and cosmetics. Nyeko said a team of police officers was deployed and indeed two trucks loaded with substandard waragi and cosmetics were found offloading in the City Centre.
Ever since an outbreak of Ebola was confirmed in the Neighboring DR Congo last year, Uganda has been on high alert trying to control the disease from spiralling to the country. For just preparedness and control, 18 million Shillings was spent. Now that the outbreak happened, they are seeking USD 7.5million (28 billion Shillings) more for the response.
David Ssemakula, the administrator of Nakaseke Hospital, says they secured Shillings 20 million that was used to replace the electric water pump. He said the electric water pump broke down because of power outages and the solar powered machine was also faulty.
The Defence Ministry and UPDF Spokesperson, Brigadier Richard Karemire, has confirmed the incident but declined to give details. "It’s true. Investigations into the incident have started," Brig Karemire said.