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November 18 – November 25, 2022: Weekly financial markets review and outlook with Stephen Kaboyo
Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners The Uganda shilling continued on its strengthening trend joining a global rally amid weakness of the dollar. In the local market there was a general slump in demand while supply was mildly enhanced by end month...
2 soldiers, 75 civilians arrested in Karamoja after warriors overrun military detach
Micheal Longole -the Mt Moroto Regional police spokesperson Two soldiers and 75 civilians have been arrested by joint security forces in Karamoja after suspected Karimojong warriors reportedly overran a military detachment in Napak district last week and stole two guns. The warriors reportedly attacked Naminit military...
Treasury orders removal of troubled Kenya Power board chair Yeda
Treasury Cabinet Secretary Njuguna Ndung’u has directed the company’s board to table before the annual general meeting (AGM) an ordinary resolution for the removal of Ms Yeda who is viewed by the workers’ union as an “impediment” to transformation and stability of the company that...
Gulu gets UGX 490m agro-investment hub
Gulu gets UGX 490m agro-investment hub Grace Freedom Kwiyucwiny flanked by Ms. Betty Ochan, the Gulu City Woman MP, commissions the agro-investment hub in Gulu (PHOTO/OPM) GULU —Minister of State for Northern Uganda Rehabilitation Grace Freedom Kwiyucwiny, has commissioned a Shs493.7 million agro-investment hub in...
Vine Air Flight Academy student survives crash after veering off Jinja airstrip runway
The student crashed a few meters off the runway A small aircraft that was being operated by a student from the Jinja city-based Vine Air Flight Academy veered off the runway at Kimaka airstrip runway on Thursday afternoon and crashed about 20 meters away. The...
Somali officer who killed man over cigarette lighter gets death penalty
Mohamed Abdulkadir Sheikh Ibrahim, a junior officer serving in South West, one of the five Federal Member States in Somalia, was booked for a firing squad for the murder he committed in April.
Malende now out of ICU, returned to general ward
FILE Photo Shamim Malende Kampala Woman MP Shamim Malende is now out of Aga Khan hospital intensive care unit (ICU) where she was rushed on Tuesday evening hours after undergoing abdominal surgery. Lubaga North councillor James Mubiru who is with the legislator in Nairobi, says that...
Electricity outage hits parts of Kenya as power system fails
“We have lost bulk power supply to various parts of the country due to a system disturbance and we are working to restore normalcy within the shortest time possible,” said Kenya Power in a statement on Thursday.
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