In separate statements issued on Tuesday, both companies which are listed on the Uganda Securities Exchange (USE), said they were unable to complete the audits due to coronavirus lockdowns that have affected most businesses.
Speaking to the country last night, president Museveni allowed, food markets, wholesale, hardware shops, metal works, wood works, warehouses, Insurance providers, 30 lawyers to be coordinated by Uganda Law Society, restaurants but only for take a ways and garages and resume operations after five weeks of lockdown.
Located on a Lake Victoria peninsula, in Wakiso district, Entebbe municipality is home to charming attractions that lure merrymakers to the town, every day of the week. The municipality is home to 80- per cent of the beaches on the Lake Victoria shoreline, making it an ideal party spot for all kinds of activities.
“As a community, we feel it is not safe for us but, we can’t do anything about it because those engaged in this business are powerful people. These youths plant Jerry cans in front of our shops and whenever trucks make stop overs. An average of 10 boys gather to interact with the drivers as they siphon fuel,” he said.
Investors on the Uganda Stock Exchange (USE) are not impressed. The company’s share price has fallen by more than a half from the Initial Public Offering (IPO) price of Shs 256.5 per share in 2018. Its shares were trading at Shs 101 apiece as of May 5, 2020.
The task force led by Ali Karama, the head of donations Committee invited mechanics and taxi conductors to Kigezi Private Sector Promotion Centre yard in Kabale municipality to receive 160 bunches of matooke.
The suspects are Bonny Okello Ocen alias Hassan, Ogong Denis,34 and a brother to the deceased, Kenneth Figo Okello, and Henry Elim Okello alias Odongo Denis, 33 years. Henry is a convict who recently escaped from Arua government prison.
The others are Tony Okello, Lawrence Oguma and Morris Okello. The three were arrested because they were the ones carrying the deceased’s phone.
Abuna Namayuba from Bukalasi says they sat up to 1pm on Monday without food and there was no communication from those running the center. He said they were given sweet potatoes on the first day, which wasn’t enough.
In the audited accounts for 2019, it was revealed that the bank had been undercapitalized up to a tune of 3.8 billion Shillings. This means Tropical had only 21.2 billion Shillings of the 25 billion minimum capital required.
Six of the eight cases are truck drivers while the remaining two were picked from the community during the rapid assessment survey that was launched by the Health Ministry to determine the extent of community transmission of the viral respiratory disease.