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.
Mutebile, who was reading the monetary policy statement to journalists at BOU offices in Kampala on Tuesday afternoon, said the only investigation he knows is that of extra pallets on the plane not the one of printing extra currency which he says is not true.
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
Usami, who concluded his two- day visit to Moroto and Nakapiripirit districts in Karamoja observed that there is a lot of potential in the region that can transform the region except that people have limited technology.
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.
Insurance coverage in Uganda is extremely low – at less than 1% of the population. This is partly because people don’t trust the industry in that if I get a cover and get a problem they will be able to pay my claim or not
The metallic bins were installed along the 13 newly constructed roads under the Uganda Municipal Infrastructural Development – USMID project funded by the World Bank. The roads are Ring Road, Cemetery road, Acholi Lane, Alokolum road, Lumumba Avenue, Commercial Road and Crane Avenue are visibly filled with waste producing a filthy smell.
President Yoweri Museveni donated 50 million Shillings to the club in May, which he handed over to the Federation of Uganda Football Association-FUFA delegate in Tooro sub-region, Michael Wandera. However, some of the public members have come out to task the team’s management to provide accountability on how the funds have always been spent.
Patricia Sempa, the UHTTI board chairperson observes that hospitality training is one of the youngest disciplines of training in the country compared to Medicine, teacher education and Law. She noted that apart from being young, hospitality training is expensive and highly specialized.
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.