Cash-strapped Nakumatt takes Shs1.75 billion loan ahead of massive sale

Cash-strapped Nakumatt takes Shs1.75 billion loan ahead of massive sale

After months of empty stalls at several Nakumatt outlets around sparked speculation over the future of the largest supermarket chain in Uganda, the retailers’ parent company in Kenya – Nakumatt Holdings has raised Ushs1.75 billion (about Kenyan Sh500 million) through a short- term loan. In October last year, Nakumatt Managing Director Atul Shah revealed that […]

Ugandans to pay through the nose to use electricity

Ugandans to pay through the nose to use electricity

Ugandans will start paying through their noses following government approval to increase power tariffs by 10 per cent. With effect from January 1, homes and kiosk owners will pay a whooping Shs696.9 from Shs623.6 for each unit. The rate of each of the first 15 units remained unchanged at Shs150. This increase is from Shs623.6, […]

West Nile bus owners defy govt directive to quit Arua Park for Namayiba

West Nile bus owners defy govt directive to quit Arua Park for Namayiba

Backed with massive support from legislators from West Nile, buses plying the Northern, West Nile have been allowed to stay at Arua Park instead of shifting to Namayiba Bus Terminal as earlier ordered. The suspension follows the area MPs of the affected businessmen on Wednesday appealing to Speaker Rebecca Kadaga over why bus operators were […]

Gov’t panics as sugar hits Shs5,000 per kilogram

Gov’t panics as sugar hits Shs5,000 per kilogram

Uganda’s Minister of Trade, Industry and Co-operatives Amelia Kyambadde has on Thursday termed as ‘an emergency’ the run-away sugar prices. This month, several sugar consumers have already expressed their rage on different media platforms asking government to intervene to arrest the hike in price that has seen a kilogramme of sugar has jumped by Shs1,500 […]

Uganda Airlines to fly again by August 2017

Uganda Airlines to fly again by August 2017

The state minister for Transport Aggrey Bagiire has revealed that government is halfway the process of reviving the country’s national airlines that has been grounded for about 15 years. Addressing parliament’s Physical Infrastructure committee on Wednesday afternoon, Mr Bagiire said that everything would be ready by August 2017. Modalities for the kick off are presently […]

Makerere students make phone App that diagnoses Breast Cancer

Makerere students make phone App that diagnoses Breast Cancer

Moris Atwine 21, Kabwama Alvin Leonard 22, Lwangwa Mwesigwa David 22 are all fresh graduates of Information Technology at Makerere University. The trio developed an app that diagnoses and prevents breast cancer. The mobile application is called BreastIT designed for windows phone. BreastIT carries out timely diagnosis of anomalies in the breast, such as breast […]

Uganda-bound Shs.20billion cocaine on display at British sugar importer’s trial in Kenya

Uganda-bound Shs.20billion cocaine on display at British sugar importer’s trial in Kenya

Friday was the second day of the trial for the British sugar importer who is accused of smuggling more than 99kg (220lb) of cocaine worth Shs. 20,540,119,710 ($5.8m) into Kenya inside a container of Brazilian sugar destined for Uganda. Jack Marrian, 31, denies the charges. The court relocated to the headquarters of police’s Department of […]