Browsing: Business

As Vinci builds its factory, government can start planting coffee on its vast land (or even acquire more land) which they can then “undertake to take all reasonable measures to give priority of supply of coffee” to Vinci. I don’t think any coffee stakeholder or farmer will raise any finger when beans from the government’s farms are given to a single buyer.

By the end of a parliamentary caucus meeting at Kololo Independence Grounds on April 26, President Yoweri Kaguta Tibuhaburwa Museveni had endured a lot of criticism against a coffee deal with Uganda Vinci Coffee Company Limited (UVCC), a company owned by Italian investor Enrica Pinetti. 

The Parliamentary Committee on Trade, Tourism and Industry on Monday, April 25 2022 commenced investigations into the controversial coffee deal signed between Government and Uganda Vinci Coffee Company Limited (UVCC).

The board of Twitter has agreed to a $44bn (£34.5bn) takeover offer from the billionaire Elon Musk.

President Yoweri Kaguta Tibuhaburwa Museveni’s son Lt Gen Muhoozi Kainerugaba has announced part of his plan for the youths in Uganda. 

Social media blogger Isma Olaxess has claimed that NUP leader Robert Kyagulanyi aka Bobi Wine has pocketed millions of Shillings to sing at first son Lt Gen Muhoozi Kainerugaba’s 48th birthday.

A multi-billion deal committing the country’s coffee subsector. Controversies. Twists and more turns. This seems like just the beginning of a multi-billion scandal, at the end of which Ugandans hope to have discovered the real owners of a company that signed a deal to monopolize the country’s coffee export.

A number of travellers either had their flights cancelled or delayed for many hours after the closure of the main runway (17/35). 

At least 20 of the passengers in a RwandAir plane that skidded off the runway at the Entebbe International Airport at about 5:45am on April 20 were guests for an upcoming birthday party for first son Lt Gen Muhoozi Kainerugaba, several reports suggest.