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Economy

Government minister Lebona Lephema to take over Mothae Diamond Mine

Views: 6Lephema, a leading figure in Lesotho’s ruling RFP party and head of a business conglomerate, is to buy Lucapa Diamonds’ majority interest in the highly attractive mine. Opposition politicians have been vociferous about the takeover deal, unanimously describing it as “corrupt” as it reeks of conflict of interest in that Home Affairs Minister Lephema should […]

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Deputy Senate President mourns worshippers killed by trailer in Kano

Views: 0The Deputy President of the Senate, Senator Barau I Jibrin, has mourned 14 worshippers who were killed by a trailer yesterday after Juma’at prayers in Kano State. The Federal Road Safety Corps (FRSC) confirmed that 14 worshippers lost their lives when a trailer ran over them after Friday prayers at Imawa town, Kura LGA

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Breaking news ;New EU sanctions list for Hamas financiers includes front companies based in Spain, Sudan

Views: 3The European Council on Friday included six individuals, including a senior Iranian Revolutionary Guard Corps official and a money changer transferring funds from Iran, on its new list of sanctions targeting the financial assets of Hamas and Palestinian Islamic Jihad. Three businesses were also added to the list, including front companies based in Spain

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Uganda Economic Report: Enhancing Healthcare Expenditure for Human Capital Development

Views: 1 Uganda’s economy shows resilience with GDP growth reaching 6% in FY23/24, supported by diversified exports and upcoming oil production. Despite challenges, the country aims for sustained growth, emphasizing increased public spending on healthcare to enhance human capital development and ensure inclusive prosperity. KAMPALA, Uganda, 27 June 2024 – The Ugandan economy continues to

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Dfcu Bank Celebrates 60 Years of Impact in Uganda’s Manufacturing Sector

Views: 1 dfcu Bank marks 60 years of impact in Uganda, focusing on tailored strategies to support growth in the manufacturing sector through innovative financial solutions and strategic partnerships. Celebrating 60 years of empowering lives and businesses across Uganda, dfcu Bank reaffirms its commitment to fostering positive change. With a recent announcement of its sector

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UNBS confiscates underweight sugar and bread; traders face prosecution

Views: 3 The management and owners of the implicated businesses have submitted to UNBS for additional questioning, with prosecution pending for offenses related to possessing and distributing underweight pre-packaged goods. Summary UNBS seized 700 bags of underweight sugar in Soroti and underweight bread in Mbarara and Wakiso, prompting prosecution of involved businesses for violating standards

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URA Officer Remanded for Causing Shs 300 Million Revenue Loss to Govt

Views: 5 The Anti-Corruption Court has remanded a Uganda Revenue Authority staff today on charges of abuse of office that led to revenue loss to the government. The prosecution, led by Atusimiire Hilda and Ndagire Patricia, informed the court that Wodero Francis, aged 37, uplifted the Value Added Tax amounting to UGX 301,100,831/=. “On the

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Kenya Medical Association Condemns Attacks on Health Workers

Views: 5  The Kenya Medical Association (KMA) has condemned police brutality and the use of excessive force against the public and health practitioners providing emergency medical services to injured protestors. In a statement on Wednesday, the association expressed concerns about the actions witnessed during Tuesday’s Anti-Finance Bill protests, underscoring the need to uphold the rule

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Ugandan traders charged $50 for DR Congo Visa

Views: 2 Nebbi, (UG):- Congolese authorities are reportedly extorting money from Ugandan bilateral traders who ply the Goli – Mahagi – Bunia road in Ituri province of  Eastern Democratic Republic of Congo, DailyExpress understands. The authorities are said to be demanding from the Ugandan traders a lump sum of  50 dollars (Shs180,000) for a visa and Shs10,000 as

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Govt gives fertilisers to 50,000 Busoga farmers

Views: 0 The State minister for Agriculture, Animal Industry and Fisheries, Mr Fred Bwino Kyakulaga (2nd left), hands over fertilisers to farmers  in Mayuge District on June 19, 2024. PHOTO/TAUSI NAKATO Summary The fertilisers are meant to double the yields of farmers and improve household incomes. The government has launched a project under which it

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