Speke Resort Bags Energy Management Award


Ruparelia Group’s Speke Resort Munyonyo emerged Winners in the Best Energy Management Practices (Hotels) during the inaugural Energy Management Awards which recently took place at Pearl of Africa Hotel. The hotel also emerged First Runners Up in the service sector. Speke Apartments and Kabira Country Club, also part of Ruparelia Group, emerged first runners-up under the category of Best Energy Management Practice/Services Sector- Hotels and second runners-up under the category of Best Energy Management Practices-Hotels respectively. The Energy Management Awards are organised by Ministry of Energy and Mineral Development with…

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Auditor General: BoU Made No Attempt To Save Crane Bank Despite Spending Shs478bn


A new report by the auditor general has indicated that Bank of Uganda (BoU), the regulator of Uganda’s banking sector, never took efforts to revive  Crane Bank Limited (CBL) after taking it over.  Crane Bank was placed under statutory management from 20th October 2016 to 20th January 2017.“During this period, the Statutory Manage r did not prepare a plan detailing efforts to return the bank into compliance with prudential standards despite BOU injecting UGX.478.8bn to support the operations of CBL,” a leaked Auditor General report on seven defunct banks reveals. “In absence of…

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Gulu residents excited for Salvador, Omara at UG Pineapple Comedy

222 DJ Ciza (right) and DJ Mary Jo (Second Right) with comedian Patrick Idringi on stage at UG Pineapple party

Patrick Salvador Idringi, Daniel Omara and Agnes Akite are returning home in Guluthis weekend for the Uganda Waragi Pineapple Comedy Tour. Residents of Gulu and neighbouring districts are excited for the sons and daughter of the soil who will be entertaining them as Uganda Waragi introduces their new Pineapple flavour to the people of Northern Uganda. Uganda Waragi added to its collection of flavours, Original, Coconut and Coffee, the Pineapple flavour in July. This spirit has since been well received on the market. Uganda Waragi is taking it on a…

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UBL Collects over 400 units of Blood in donation drive

A UBL Staff donating blood in Luzira (3)

Kampala–The national blood bank has been boosted with 433 units of blood following a successfulweeklong blood drive championed by Uganda Breweries Limited in partnership with Uganda Blood Transfusion Services (UBTS). This was in response to an appeal for safe blood in country. The drive which was also aimed at raising awareness and collecting blood for the Uganda Blood Bank was held from Monday, September 3rd to Saturday, September 8th 2018 at five locations: Nakawa Market, Uganda Breweries Portbell, Luzira Market, Kireka Market and Mukono Market.   Rhona Arinaitwe Uganda Breweries’…

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Auditor General’s Report Exposes Thuggery and Incompetence by BOU In Sale of Seven Defunct Banks


A new audit report by the Auditor General’s office has exposed more flaws and weaknesses in the process of selling seven defunct banks by the Central bank of Uganda. In his new report to Parliament, the Auditor General, Mr John Muwanga, queried BoU officials on the flaws in the closure of Teefe Bank (1993), International Credit Bank Ltd (1998), Greenland Bank (1999), The Co-operative Bank (1999), National Bank of Commerce (2012), Global Trust Bank (2014) and the sale of Crane Bank Ltd (CBL) to dfcu (2016). “I observed that there…

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Mayor of Nakawa Division in Kampala, Eng. Ronald Balimwezo Nsubuga donates blood during the launch of the Uganda Breweries’ 6-Day Blood Donation Drive Uganda Breweries Limited has partnered with Uganda Blood Transfusion Services (UBTS) under the Nakasero Blood Bank to run a six-day blood donation drive that is aimed at collecting 600 units of blood to boost blood collections and enable the team beat its monthly target of 1,182 units. The drive, which was launched today at Nakawa Market will take place from Monday, September 3rd to Saturday, September 8th…

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China Defends Africa Projects


China’s President Xi Jinping has defended the country’s investments in Africa, saying they are not for “vanity projects” but are aimed at building infrastructure that would promote development on the continent. Mr Xi made the remarks ahead of the triennial China-Africa summit in the capital, Beijing. “China does not interfere in Africa’s internal affairs and does not impose its own will on Africa. What we value is the sharing of development experience and the support we can offer to Africa’s national rejuvenation and prosperity,” he added. China loaned around $125bn…

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Ugandan Companies Compete Nose To Nose For DIAA 2018 Awards


The list of nominees battling for this year’s, Africa Digital Impact Awards 2018 is out  with several  Ugandan companies competing nose to nose. The awards under the theme ‘include every one’ are slated for the 21st September  2018  at  the Kampala Serena Hotel  and are set to recognize and reward individuals and organizations across the African continent  that  are  spear heading  the use of digital tools to transform economic transformation. Some of the major categories are Digital Brand of the Year, Best Internet Service Provider, and Best Financial Inclusion for the…

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DFCU Records Low Profits


All is not well at DFCU Bank after it recorded the lowest profit margin since taking over Crane Bank llast year. Dfcu Bank has registered a profit drop of Shs72b for the year ended June 30, local media reports. The bank registered a profit of Shs41.3b in the year ended June 30 compared to Shs114b posted for the year ended December 31, 2017. “The results show a profit after tax of Shs41.3b compared to Shs114.1b for the same period in 2017. The results for 2017 included a one off bargain…

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TIDAL and MTN Announce Trailblazing Partnership Bringing Pioneering Music and Video Streaming Service to Millions of Customers Across Africa, Starting with Uganda

L -R Jason Kpana the TIDAL SVP Artist & Label Relations and Olivier Prentout the MTN Uganda CMO at the launch of TIDAL & MTN Uganda Partnership

Global music and video streaming platform, TIDAL in partnership with the leading communications operator in Uganda offering mobile & fixed telecommunications, MTN Uganda, have today announced an exciting, first-of-its kind collaboration.   The partnership provides MTN Uganda customers a variety of options for a data-inclusive TIDAL membership as part of their mobile plan to gain access to exclusive high-quality streaming music, videos, concerts and more.   “Africa is a continent that has long been an inspiration for music heard around the world and TIDAL is excited to highlight the vibrant…

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