Govt starts Oil & Gas exploration in Karamoja

Govt starts Oil & Gas exploration in Karamoja

The Moroto-Kadam basin of Karamoja sub-region has potentially rich oil deposits according to evidence of hydrocarbon accumulation, the Ministry of Energy and Mineral Development is optimistic as it launches oil and gas explorations there. The earlier surveys by the Government and colonialists indicated that there was evidence of oil and gas in parts of eastern […]

Tirupati tycoon Miraji loses multibillion properties to Kampala debt sharks

Tirupati tycoon Miraji loses multibillion properties to Kampala debt sharks

As Bank of Uganda continues to corner one of Africa’s richest men, Kampala property mogul Sudhir Ruparelia, the world has crumbled on his apprentice, Barot Miraji, the managing director at Tirupati Development Uganda Ltd, another big real estate dealer, adding impetus to their business empires’ free fall that began late last year. TheUgandan has landed […]

UNRA backs BIOFIN in Uganda – Karugaba

UNRA backs BIOFIN in Uganda – Karugaba

Uganda hosted a one-day cooperation exchange as a participant of the Global Biodiversity Finance Initiative, BIOFIN. Joining the workshop were representatives of the National Environment Management Authority (NEMA) and the United Nations Development Programme (UNDP) in collaboration with the Ministry of Finance, Planning and Economic Development and the Uganda National Roads Authority (UNRA) among many others. […]

Hima training more masons, foremen

Hima training more masons, foremen

As Uganda’s real estate sector continues to expand, widening the skill set of masons, foremen and contractors is becoming an important aspect. This skilling gap is what building solutions company, Hima Cement is bridging. They have launched a Builders’ Academy Program where masons are trained on issues such as concrete mixing ratios, site management, contracts costing and site […]

Uganda has no money to audit ‘Shs7.1 trillion Karuma, Isimba dams’

Uganda has no money to audit ‘Shs7.1 trillion  Karuma, Isimba dams’

The Auditor General has re-emphasised the need to carry out a specialised audit on the ongoing Karuma and Isimba multi-billion power projects despite the Ministry of Finance failing to provide the required resources. Appearing before Parliament’s Finance Committee today, John Muwanga said that although his office has prioritised audit of the two projects in their […]

DFCU to takeover Patrick Bitature’s businesses over defaulting Shs150 billion loan from Sudhir

DFCU to takeover Patrick Bitature’s businesses over defaulting Shs150 billion loan from Sudhir

While embattled Sudhir Ruparelia has become the face of huge financial misappropriations, scores of other  rich men – his longtime friends like Patrick Bitature, also owe millions of dollars to the new owners of Sudhir’s former cash cow, Crane Bank Ltd. It is understood that Bitature, the controversial tycoon behind Simba Group and Protea Hotels […]

Masons urged to form cooperatives

Masons urged to form cooperatives

20 masons chosen to visit the Hima Cement factory Masons, builders and foremen have been urged to form cooperative unions if they are to achieve/profit from their trade. This was part of Hon. Amelia Kyambadde, the Minister for Trade, Industry and Cooperatives, advice to builders who took part in Hima Cement Builder’s Academy training program […]