Museveni cozies up to Luweero villagers

Museveni cozies up to Luweero villagers

On day two of his 96-hour tour of Luweero Triangle, President Museveni interacted and shared poverty eradication tips with families that helped him during NRA’s five-year war to capture state power from 1980-86. Before beginning the camp on Saturday, Museveni addressed a rally at Kikunyu, Makulubita Sub County where he swore to use all the […]

EXCLUSIVE: How Sudhir begged Museveni for Shs200 billion Crane Bank bailout

EXCLUSIVE: How Sudhir begged Museveni for Shs200 billion Crane Bank bailout

Sudhir, 60, is rumored to have contributed generously to Museveni’s estimated  campaign coffers of $231m (Shs773b) Details about how cash strapped Crane Bank Ltd. majority share Sudhir Ruparelia benched President Museveni to secure a much needed cash injection into his embattled business have emerged. According to reliable sources, the ruling NRM government has injected Shs200 […]

Giving land to refugees ‘contributes to Uganda economy’

Giving land to refugees ‘contributes to Uganda economy’

In the photo, two Kenyan refugees tilling their land at Kiryandongo refugee camp When the Ugandan government gave plots of land to refugees, up to Ushs 748000 ($220) was generated annually per plot for the local economy, a study by the World Food Programme and the University of California, Davis, has found. Money went back […]

$7million fruit factory to open soon in Soroti

$7million fruit factory to open soon in Soroti

Minister for Cooperatives has expressed concern over the newly built fruit factory worth approximately $6,909,360. According to the Daily Monitor, the Minister, Frederick Ngobi, is worried over the ability of farmers to provide enough fruits for the factory. “This is a huge investment and it will be a big embarrassment if the factory starts operations […]

Uganda coffee exports drop for third year

Uganda coffee exports drop for third year

NOTE: July 2015 to June 2016 exports totalled 3.56 million bags worth $352 million (Shs1.1 trillion) Crane Bank Ltd. and a collection of other financial firms are not the only Ugandan sectors having a strange existence this year. Coffee farmers in the highland areas on the slopes of Mount Elgon in the East and Mt. […]

Nakumatt selling 25% stake in its struggling business

Nakumatt selling 25% stake in its struggling business

Nakumatt operates nine outlets in Uganda, but most of the shelves at Oasis Mall, Metroplex Mall, Mbarara Branch, and Bukoto Branch have largely been empty. As social media continues to be littered with pictures of empty stalls at several Nakumatt outlets around, the Kenyan-founded supermarket chains, says it’s looking for an investor to buy a […]

Uganda’s bad economy leading to our collapse claims cash-strapped Nakumatt

Uganda’s bad economy leading to our collapse claims cash-strapped Nakumatt

This follows growing concern from customers through various social media platforms many of who were skeptical about the supermarket’s operations. ‘The largest supermarket chain in East Africa, Nakumatt has blamed a number of unforeseen business challenges for its empty stalls in several outlets following last year’s collapse of Uchumi another Kenya-based supermarket. Kenya-based supermarket Nakumatt […]

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