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 […]