After total assurance by Prime Minister over government capacity to account for covid-19 donations by Prime Minister Rose, Kampala City tycoon Hamis Kiggundu has finally handed over shs530 million to the government to procure covid-19 Vaccines. Kiggundu in parting message asked corporate companies to emulate him on extending support to government to drive off covid 19 pandemic in the country. ...
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8 Multi-Millionaires From Uganda You Should Know
Very few Ugandans have managed to build Multi million businesses in different sectors like food, agriculture, real estate, energy, distribution etc. The names of these multi millionaires don’t sound as much and am sure many have not heard of them before. These Ugandans have very powerful businesses which generates more than $50 million per year, according to forbes. Check also: Top ...
Read More »Uganda Clays Limited Registers Shs4.89 Billion Profits Despite Covid
Despite Covid 19 pandemic, Uganda Clays Limited registered shs4.89 billion in profits during 2020 financial year that ended on 31 December. Eng Martin Kasekende Uganda Clays Limited Board Chairman announced the development during the company’s Annual General Meeting held on Wednesday at Sheraton Hotel. During the first phase of Covid, many companies suffered from restrictive government measures put in place ...
Read More »Ugandan Traders Have Rough Nights As Lockdown Drags On
As night draws closer, traders in the Ugandan capital at the country’s biggest market prepare for another long night’s sleep. They sleep between the fruit and vegetable stalls, cold as ice because they are forbidden to return home after a day’s work. When the strict 42-day lockdown came into action, vendors at Nakasero market in downtown Kampala were allowed to ...
Read More »Those Who Were Unemployed Before Lockdown Are Not Our Target For Covid-19 Relief Funds, Government
The government has said that those who were unemployed before lockdown are not the target for their Covid-19 relief funds. This money is for those whose work has been affected by the 42-day lockdown. This was said by the Minister of State for Finance, Planning and Economic Development, Henry Musasizi. “Before the lockdown, you were not working, even during the ...
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