Fake Sale! Akamwesi Shopping Mall not for sale

With the asking price of Ugx 74 billion, the Gayaza-Kampala Road-based multi-billion Akamwesi shopping mall was found listed for sale on SMERGERS a Private Market Network for Businesses. The mall’s sales advert was listed under a premium plan in Uganda’s Building, Construction and Maintenance category on the said website. “Asking Price: UGX 74 billion (Native Currency: USD 19,000,000) Reason: –…

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Buganda’s Surveyor to Face Criminal Prosecution over Conflict of Interest

Buganda's Surveyor to Face Criminal Prosecution over Conflict of Interest

Buganda Land Board Surveyor Bashir Juma Kizito is set to Face Criminal Prosecution over conflict of interest in his duties where he Doubles as a Public/Civil Servant acting as the Wakiso District Staff Survey and Private officer at Buganda Land Board serving as the head of Mapping and Survey contrary to the public standing orders 2010 This comes as a…

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UNBS Launches Standard to Facilitate Commercialization of Edible Insects

UNBS Launches Standard to Facilitate Commercialization of Edible Insects

Kampala, Tuesday, March 29, 2022 – The Uganda National Bureau of Standards (UNBS) has launched the Edible Insects Standard, US 2146:2020 Edible Insects –Specification, in collaboration with Makerere University School of Food Technology, Nutrition and Bio-Systems Engineering (Food Science) with support from the International Centre of Insect Physiology and Ecology (ICIPE). The standard is aimed at promoting safe consumption of…

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Kenya set to buy electricity from Ethiopia

Kenya plans to buy electricity from Ethiopia mega River Nile dam that began generating power for the first time last weekend. Ethiopia hopes to generate about $1bn (£746m) in annual revenue from electricity exports to neighbouring countries and beyond. A new agreement was reached between the two neighbours earlier this month. It is not yet clear how much power Kenya…

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Sportrise CEO Douglas Smith Wins Startup Community Prize 2022

Douglas Smith with finished Sportrise footballs

CEO Sportrise and Ibanda district born Douglas Smith hits the jackpot again after winning a Five Million (5) million Uganda shillings cash prize. This happened yesterday the 8th of January 2022 at Sheraton hotel where 20 shortlisted to pitch their own products. This competition was organized by the Ugandan Diaspora Community from (UK, Canada, US and more) to support startups…

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Government Encourages Farmers To Register Under The New Coffee Law

As part of the government’s revised target for the coffee roadmap of 20 million bags by 2025, the registration of farmers, nursery and seed garden operators, and cooperatives was embedded in the new coffee law. This requirement however remains controversial, but government has cautioned farmers that those who reject it, will be the ultimate losers. The law seeks to address…

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Uganda Airlines adds Nsenene to its Menu

Uganda Airlines adds Nsenene to it's Menu.

Following yesterday’s video that went viral of Uganda Airline passengers buying a Ugandan local delicacy from a fellow passenger on the flight, the National carrier has decided to add nsenene to its Menu. This was on a Ugandan airline Airbus which was heading to Dubai “We pick lessons from the incident. some of our customers enjoy nsenene. We understand they…

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Ham Vs DTB Case: Troubled DTB Admits To Committing Illegalities, Ham Slaps, Files & Awaits Judgment

Ham Vs DTB Case: Troubled DTB Admits To Committing Illegalities, Ham Slaps, Files & Awaits Judgment

Businessman Hamis Kiggundu, is awaiting judgment following Diamond Trust Bank’s admissions in court that it committed illegalities in the ongoing, DTB HAM case. Ham Enterprises (U) Limited (The company) and Diamond Trust Bank (The Bank) had a 10 Year long term Banking relationship where Ham Enterprises (U) Limited as the client made transactions on its accounts with the bank equally…

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Foreign Capital and Taxation as a Matter of National Interest

Foreign Capital and Taxation as a Matter of National Interest

There is a general presumption and saying that capital has no home but within realistic parameters, the home of capital is its place of origin because it always goes back with its profits or returns on investments. Capital holds much more value in countries like Uganda where fixed deposits have monthly interest returns of up to 15% and 25 –…

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