Why Uganda is the Best Investment Location in Africa

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Uganda enjoys a unique location at the heart of Sub-Saharan Africa within the East African region and lies astride the equator. The country is bordered by Sudan in the north, Kenya in the east, the United Republic of Tanzania in the south, Rwanda in the southwest and the Democratic Republic of Congo in the west. This land linked position, gives the country a strategic commanding base to be a regional hub for trade and investment. Uganda enjoys pivotal trade partnerships that create a viable market for business. A potential investor…

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Kasekende’s Hidden Wealth shocks Nation.

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Louis Kasekende, the deputy governor Bank of Uganda, is a filthy rich man whose estate has been valued at over Sh20.6Bn. His multibillion empire is composed of prime plots of land, plus properties and assets located within various Kampala suburbs. However, a recent investigative audit into Kasekende’s multibillions empire reveals that he either under-declared or refused to declare most of his properties with the Inspector General of Government, as per the demands of the Leadership Code. The audit conducted by professional city valuer Bold Capital indicates that Kasekende secretly owns…

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Rosebud,Premier Roses Flower Production Capacity Shoots Up

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  Ravi with  staff in the flower packaging hall at Rosebud Both  Rosebud Flower and her sister company  Premier Roses have been commended by the government for being in the forefront of enabling the country earn huge amounts of foreign currency in terms of taxes courtesy of their ever increasing production output. The remark was last week made by the state minister for trade and cooperatives Michael Werikhe at his ministry offices at Farmers’ house in Kampala during an exclusive interview with the Xpresstimes when sought his comment about the…

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Speke Resort Munyonyo to Host British Royal Family

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One of Uganda’s leading 5-star Hotel Speke Reort Munyonyo  is hosting Principle Philip the Duke of Edinburgh , the hotel offers Hotel rooms in Kampala packed with ultimate comfort and elegant luxury for everyone to take home some beautiful memories of the stay Prince Philip will be attending the international Gold event 2020 ward ceremony which Uganda has just won. He will be coming to Kampala with other members of the British Royal Family with over 200 international delegates. William Blick the chairperson Duke of Edinburgh awards Uganda thanked the international…

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Standard Gauge Railway construction will start in 2019 – Gov’t

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The Ministry of Works and Transport has disputed media reports that the Construction of the Standard Gauge Railway had been abandoned in favour of the upgrading the older Meter Gauge Railway. According to the Minister of Works and Transport Monica Azuba Ntege, the Meter Gauge Railway and Standard Gauge Railway will be complementary to each other and therefore both projects need to run concurrently. The SGR system is to consist of four major sections: Malaba–Kampala Section Also referred as the Eastern Line, would stretch from the border with Kenya at…

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Tororo District Deposited Shs267m On Kasekende’s Account

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The Deputy Governor Bank of Uganda, Louis Kasekende received a whooping US $71,110 (appox (Shs267 million) from Tororo district. This unexplained action as left some leader perplexed and without answers. The said money was deposited on a joint account number 8700110288700 Standard Chartered bank Speke Road in the names Louis and Edith Kasekende on May 18, 2018.According to the documents seen by Eagle Online, the leaders want to establish purpose the said money. “We are shocked that the said money wasn’t even discussed in council and no one bothered to…

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Ruparelia Group joins labor export Industry

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  People who have been hustling to search for jobs abroad need not to look anywhere as their worries are to be handled very soon after a new labor recruitment firm a subsidiary of the Ruparelia group of companies has entered into the labor export industry. According to Mr. Rajiv Ruparelia the CEO Ruparelia group of companies, Premier Recruitment will help Ugandans get jobs good jobs in the Gulf States of Saudi Arabia and Jordan. Mr. Rajiv noted that the newly opened up labor export company will begin its operations…

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BoU Law Firm, Auditor Are Kasekende Wife’s Top Clients

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A top lawyer of Bank of Uganda (BoU) is also a top client of Inspire Talent, a company owned by Edith Kasekende (in featured photo), the wife to BoU Deputy Governor, Dr. Louis Kasekende.According to Inspire Talent website, AF Mpanga Advocates owned by David Mpanga is one of their top clients. The law firm is also a top client of BoU. It should be noted that last week, bank account details of Edith leaked to the public showing billions transacted within a short period of time.However, Standard Chartered Bank, where…

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Justine Bagyenda ordered DFCU to keep Crane Bank’s bad loan book secret

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It has come to light that former Executive Director in charge of Supervision Ms. Justine Bagyenda, while still at the central bank ordered Dfcu executives to keep Crane Bank’s bad books off the records. This shocked parliamentary committee  while investigating Bank of Uganda (BoU) top officials on the seven closed banks, “The assets acquired and liabilities assumed will be reported separately from DFCU’s balance sheet for the 31st January 2017 end of month reporting to BoU. The first consolidated balance sheet will be that of 31st march 2017,” Bagyenda wrote to…

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President Yoweri Museveni commissioned six industries at the Namanve Industrial Park

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President Yoweri Museveni has said that the factories that are being built in the country are a testimony of the strategic National Resistance Movement’s development plans and policies. The President made the remarks yesterday after he commissioned 6 newly established manufacturing concerns namely Orion Transformers and Electrics Limited, Toyota Uganda Limited, Alfasana Uganda Limited, Interior Technologies Limited, Steel and Tube Industries and Luuka Plastics and Packaging Limited all situated in the Namanve Industrial Park, Wakiso district. The President said that from the beginning, the NRM has been telling Ugandans that…

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