Stanbic Uganda Holdings Limited (SUHL) made a profit of Shs 236 billion in the first six months of the year heralding another good year for Uganda’s leading financial group. Stanbic Bank Uganda made up the bulk of the profits. Customer deposits during the six months to June 2024, were up by 4.9% to Shs 6.6…
DP’s Richard Lumu, the MP for Mityana South has been granted leave by Parliament to draft a private members’ bill that seeks to have the leader of opposition elected by all opposition MPs in Parliament. Lumu’s bill seeks to change the current status quo where the leader of the opposition is appointed by the biggest…
Security guards attached to businessman Hamis Kiggundu yesterday roughed up journalists who had gone to report about a transformer that had caught fire at Ham Shopping Grounds in Nakivubo. The journalists had been alerted by some of the tenants near the transformer. The tenants were forced to evacuate their stuff fearing that it would be…
Engineers and technologists without requisite qualifications or those who practice without a valid license risk a jail term of two years or being fined Shs 1 million according to the Engineering Professionals Bill, 2024 tabled today in Parliament. The minister of state for Works, Musa Ecweru defended the enactment of the law noting that The…
South African billionaire Johann Rupert has overtaken Nigerian industrialist Aliko Dangote as Africa’s richest person, according to the latest data from the Bloomberg Billionaires Index. Mr Rupert controls Richemont, one of the world’s largest luxury goods firms, which owns brands like Cartier and Montblanc. His net worth has surged by $1.9bn to $14.3bn, placing him…
The Dr Kizza Besigye-led FDC faction has indicated to the Electoral Commission that it will be registering a political party called People’s Front for Freedom (PFF), insider sources have told Bbeg Media. Sources told us that they had reserved the name with the EC as the embark on the formal process to register a political…
Tanzania’s President Samia Suluhu Hassan has named a “troublesome” lion after one of the country’s opposition leaders. President Samia was visiting the Tanzania Wildlife Authority (TAWA) when she was introduced to the unruly lion by officials. “Does that lion have a name?” asked President Samia. “If not, name him Tundu Lissu.” Lissu is the leader…
The Robert Kayanja Ministries has scooped the prestigious international humanitarian award for feeding people in Karamoja and conflict-riddled South Sudan. The Global Humanitarian Award recognizes and celebrates influential non-profit organizations committed to community service and societal advancement. This year, among the honorees, Pastor Robert Kayanja and his ministry received international recognition for their humanitarian efforts,…
Robert Nestrooy Kayongo has quit BBS TV after eight years due to a toxic work environment, sources at the Mengo based media organisation have told Bbeg Media. Kayongo was deputy news editor to Peter Muweesi. He quit today. Sources however told us that the two never hit it off and did not have a good…
At least Shs 13 bn was released to procure land for two bus terminals under the Kampala City Roads Rehabilitation Project (KCRRP) under suspicious circumstances, Bbeg Media has learned. The terminals were supposed to help decongest the city but sources say how the money was approved and later released leaves a lot to be desired….
