Magufuli Demands Speed On Pipeline
Tanzanian leader John Magufuli has demanded that work on the joint oil pipeline project with Uganda be started and worked on with a view of finishing ahead of projected deadline. Magufuli said: “We...
View ArticleClik here to view.
One Stop Border Post Launched With Tanzania
GOVT PRESS RELEASE: The Presidents of Uganda and Tanzania, Yoweri Kaguta Museveni and John Pombe Magufuli respectively have today launched the Mutukula One Stop Border Post (OSBP). OSBP is an...
View ArticleBitcoin Loses $1000 In One Day Drop
Bitcoin dropped below $7,000 on Friday to trade more than 5 percent down on the day, having fallen by well over $1,000 since hitting an all-time high on Wednesday. Bitcoin dropped to $6,800 on the...
View ArticleKagame Moves To Confiscate Rwigara Properties
The Rwandan authorities are moving to confiscate properties belonging to the Rwigaras, one of Rwanda’s richest families, over a controversial tax liability claim. Many say this is President Paul...
View ArticleEAC In Dire Straits As Cash Deficit Bites
The East African Community is out of cash and on bended knee after adopting austerity measures in its worst financial squeeze ever. According to reports, the EAC executive arm in Arusha by end of...
View ArticleMuseveni, TZ Minister Lay Pipeline Stone in Hoima
GOVT NEWS RELEASE President Museveni, TZ Foreign Minister lay foundation in Bunyoro for Hoima – Tanga oil pipeline President Yoweri Museveni and the Tanzanian Foreign Affairs Minister, Augustine Mahiga...
View ArticleVP Ssekandi Wants Devt Review
Ssekandi calls for review of development model The Vice President Edward Kiwanuka Ssekandi has called for review of the Government development model to empower local communities to play a lead role in...
View ArticleBank Of Uganda Hires New Lawyers For Sudhir Case
Bank of Uganda has retained the services of new lawyers in the commercial court case they filed agains the former richest man in Uganda, Sudhir Ruparelia. Sources say BoU had signed Sebalu Lule &...
View ArticleKenya Bans Used Cars Older Than 2011
The Kenyan government has slapped a ban on the importation of second hand vehicles whose first year of registration is older than seven years. In Uganda any car can be imported but older vehicles are...
View ArticleBanks, Kenyan Gov’t Now Own 87% of Kenya Airways
In a statement published on the local dailies, Kenya Airways will see a major restructuring in its shareholding structure that will see the Government of Kenya and KQ Lenders Company own a combined 87...
View ArticleClik here to view.
Angola Diamond To Sell For USD30M
There’s more than a little sparkle brightening up the November gloom in Geneva this week. Some of the world’s rarest and most valuable gemstones are up for auction, they all command multi-million...
View ArticleInterpol Investigates Top Gold Cartels BigWigs On Tenterhooks
INTERPOL agencies are investigating a case of gold theft and smuggling surrounding the disappearance of up to about 500 KGS of gold stolen in a privately-run warehouse in Goma suburbs in North Kivu...
View ArticleSouth Africa Based Ugandan Businessman Medard Mugarura Busted
A Johannesburg-South Africa based Ugandan businessman known as Mugarura Medard aka Chris is another rich Ugandan whose activities and dealings in South Africa have been exposed. Chris as Medard is...
View ArticleMuseveni, Bashir Talk Business
GOVT NEWS RELEASE President Yoweri Museveni and his visiting Sudanese counterpart Omar Hassan Al-Bashir have reiterated their commitment to strengthen and enhance trade and investment between their two...
View ArticleBitcoin Gains 10% In Zimbabwe Despite Coup Reports
Bitcoin gained as much as 10% on Zimbabwe’s Golix exchange on Wednesday after the country’s armed forces seized power. The price of the cryptocurrency in the Southern African nation jumped as high as...
View ArticleTelecom Wars: MTN Battles Vodacom For Africa’s Biggest Digital Bank
MTN is seeking to challenge rival Vodacom as Africa’s biggest digital bank by tripling its customer numbers within three years. Already the continent’s biggest mobile-phone company by subscribers, MTN...
View ArticleUchumi Supermarket Posts Less Losses
Uchumi Supermarkets, a Kenyan retailer has released its full year 2017 results for the period ending 30 June 2017 that saw it post an after tax loss of Ugs 58billion. Uchumi posted a loss of KES 1.68...
View ArticleAfricell Slashes Data Rates Some More
Africell Uganda has once again raised the stakes in the data wars amongst telecoms in Uganda. The telecom that started the #DontBeCheated campaign has announce a series of new data bundle packages all,...
View ArticleRwanda’s Visa On Arrival ‘Good For Business’
Rwanda will effective January 1st 2018, start granting visitors from across the world visas on arrival. The visas will cost USD30 and will be valid for 30 days stay in the country. Foreign Minister...
View ArticleItalians In Uganda Organise Cultural Week
Do you fancy Italian culture and food? Bless yourself for a seven-day fun-filled cultural extravaganza. Beginning this week, Italians in Uganda and friends of Italians or those interested in their...
View Article