The increasing commercialisation of Uganda’s politics has impacted on the quality of leaders we have in the country and sparked electoral violence, the chairperson of the Electoral Commission (EC), Simon Byabakama has said. Byabakama, addressing a media breakfast meeting, said there needs to be laws to regulate campaign financing in Uganda. “Why has democracy become…
Uganda’s private sector continued to grow last month amidst several economic challenges, the Stanbic Purchasing Managers’ Index for June indicates. The index dipped from 54.1 in May to 51.9 in June. According to a release, Christopher Legilisho, an economist at Stanbic Bank said the private sector was showing signs of resilience “The strong demand conditions…
Anderson Burora has been remanded to Luzira Prison until Friday July 12, 2024. The former Rubaga RCC who is facing charges of hate speech and disseminating malicious information against the speaker of Parliament, appeared before Magistrate Ronald Kayizi at Buganda Road Magistrates Court on Tuesday. His defence team led by David Kamukama, refuted the charges,…
President Museveni has voiced strong concerns about the pervasive issue of corruption in Uganda, underscoring the massive financial toll it takes on the nation. According to President Museveni, the Inspector General of Government (IGG) estimates that the country loses approximately Shs9.7 trillion annually due to corruption. “This is not acceptable; corruption should be crushed and…
Enid Kukunda, said to be a close friend of President Museveni, is one of the beneficiaries of the loans disbursed by the Microfinance Support Centre (MSC), a government agency, without approval. Kukunda, who worked at State House and hails from Rukungiri, was allegedly given Shs 2.5 billion without approval according to a list published in…
In a bid to boost Uganda’s investment and tourism sector, government officials have called upon media professionals to highlight the country’s positive attributes rather than focusing on the negative sentiments. This call was made during a recent meeting hosted by Col. Edith Nakalema, the head of the State House Investors Protection Unit (SHIPU) at the…
Clifford M. Potter, a Canadian citizen and investor, has sued Equity Bank Uganda for “facilitating” the theft of $986,000 in a fictious gold transaction deal. The suit was lodged in the commercial division of the High Court on June 29, 2024 and will be heard by Justice Thomas Ocaya Ojele. Potter, through his lawyers Muwema…
NBS TV’s veteran video journalist, Moses Namayo, is currently holed up at Parliament, fearing to be arrested for shooting footage of the parliamentary gym where it was reported that a TV and sound system were stolen. Sources say Namayo’s troubles follow a press conference by Lwemiyaga MP, Theodore Ssekikubo, who revealed to journalists that unknown…
SBG Securities, a subsidiary of Stanbic Uganda Holdings Limited, has launched the Stanbic Unit Trust (SUT), an investment vehicle that enbales people to pool their resources and leverage professional fund management to generate favourable returns. “Tonight, we are here to celebrate the success of one of our young businesses—SBG Securities, the entity specialised in investment…
At least 800 civil society organisations (CSOs), oil host community members, small-scale farmers and fisherfolk, have petitioned President Museveni urging him to stop to all oil activities in Murchison Falls National Park. In the petition seen by Bbeg Media, the various stakeholders want the president to stop the planned deployment of a second oil rig in…
