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“Unforeseen challenges such as the unprecedented delay of the Final Investment Decision (FID) on the oil and gas projects and Vantage’s requirement to us to improve the Hotel’s fire and safety features to internationally benchmarked standards hindered our envisaged projects. We then proactively engaged Vantage and mutually agreed to a further moratorium for two (2) years, thereby mutually agreeing to freeze all payments until December 2019.
Police in Kampala has on Monday, May 30 morning, arrested a number of female protestors belonging to the Women Brigade of the People’s Front for Transition (PFT – Red Card Front) who were protesting high commodity prices, high cost of living and the continued detention of their leader Dr Kizza Besigye.
Junior lands minister Sam Mayanja almost punched Nakasongola Resident District Commissioner (RDC) Darius Nandinda for disobeying orders given to him.
Stores at Kakira Sugar Ltd in Jinja have been burnt by fire that broke out on May 27 evening.
Uganda’s central bank, Bank of Uganda (BoU), has approved Afriland First Bank Uganda Limited’s request for voluntary liquidation, Deputy Governor Michael Atingi-Ego has confirmed.
A video showing a man believed to be a witchdoctor casting a spell on Link Buses has surfaced online.
The Commercial Division of the High Court in Kampala has dismissed an application that had been filed by tycoon Patrick Bitature, Carol Bitature, Simba properties Co Ltd, Simba Telecom, Linda Properties and Elgon Terrace against Vantage Mezzanine Fund II Partnership, as well as its lawyers and representatives.
Opposition leader Dr Kizza Besigye has today, Tuesday, May 24, beaten security at his home in Wakiso District’s Kasangati home, and appeared in the Kampala City Centre to protest the high cost of living and skyrocketing commodity prices as well as a rumored plan to ensure that first son Lt Gen Muhoozi Kainerugaba succeeds his father Gen Yoweri Museveni.
Contrary to reports that Parliament had terminated the controversial coffee agreement deal between Government of Uganda and Uganda Vinci Coffee Company Limited (UVCCL), Deputy Speaker Thomas Tayebwa says the deal will be returned, with minor changes.