The Umeme Initial Public Offering (IPO) drive has gone to upcountry Uganda to draw more local participation in the Ushs171bn sale of shares in Uganda’s main electricity utility company. Umeme announced today that the IPO Transaction Team consisting of Stanbic Bank, African Alliance and the Umeme senior management team, would be conducting roadshows in Gulu, […]
The Capital Markets Authority and the Uganda Securities Exchange have finally approved the long-awaited UMEME Initial Public Offer.The double approvals effectively kick-start the power distributor’s capital raising initiatives on the USE and later on the Nairobi Stock Exchange, starting on Monday. This means UMEME’s will now have a 38.6 per cent share capital. UMEME general […]
New MP for Butambala County, Muwanga Kivumbi was sworn in on Thursday as MP by parliament speaker Rebecca Kadaga. Hon. Kivumbi was accompanied by a host of opposition MPs and soon after taking his oath he vowed to defend Buganda kingdom and Democratic Party interests in Parliament. Muwanga, a staunch Muslim says that now […]
Sugar is as damaging as tobacco and alcohol. Actually white Sugar is more dangerous to human beings than blown, red sugar. However many people think that there should be no way to avoid sugar because of its sweetness. According to experts, scientists and researchers who usually freely share their findings with our health news […]
Ugandans for the first time will be allowed to share housing units with Uganda police force officers after redevelopment of Nsambya, Kibuli and Naguru police barracks. The Projects Manager of Uganda police Jim Mugunga have confirmed the development and said that the housing units to be shared have been built by police in partnership […]
If what we have been told is true, Ugandan cultures that prohibit incest are soon diminishing. We have learnt that the children of one Hajji Kajumbi of Nateete who live in London are divided because one of their brothers, Rashid Kajumbi aka Rashid Chris Asaba fell in love with his step sister Hajara Nalumansi Kajumbi […]