Financial
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Vantage lawyers insist on selling properties of Bitature to recover U$34mln
KAMPALA– The battle to attach and sell some of the properties belonging to business mogul Patrick Bitature continues, Robert Kirunda whose law firm represents South African lenders- Vantage Mezzanine Fund II Partnership,…
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Shock as CNOOC is stuck with compensation money
KIKUUBE– China National Offshore Oil Corporation [ CNOOC ] is stuck with compensation money after the oil company failed to locate landowners [Project Affected Persons ] in Kikuube district. CNOOC is taking…
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£200mln invested to transform community businesses
LONDON – More than £200 million has been invested in UK community businesses in the last decade, using community shares – a unique form of finance. And a major fund has re-launched…
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Co-op Ukraine rallies support for people, offers bread and bed
KYIV– Since the Russian military invaded Ukraine, the all-Ukrainian union of consumer co-operatives (Ukrkoopspilka) has been working tirelessly to provide products and services to members and customers, offer shelter to people displaced…
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Arrests, a solution to recovery of Emyooga money in Mbarara
MBARARA – The misuse of Emyooga SACCO money has sparked tension in Mbarara City where some of the culprits, who include a government official and SACCO leaders were arrested. So far, Mbarara…
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Shs 435bln project to create 12,000 jobs in Uganda
LIRA– A new government project to enhance technological skills in the young people is to begin soon and is expected to create 12,000 job opportunities in Uganda. The project, ‘National Science, Technology,…
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Soroti hospital gets money for x-ray machine
SOROTI– The Imaging Department of Soroti Regional Referral Hospital will this year get a new x-ray machine, two years after the one that was operating broke down. This is after the hospital…
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Govt urged to adopt Oxfam GALS approach in Parish Development Model
KAMPALA – Gender activists and human rightists have argued government to adopt Oxfam’s Gender Action Learning System [ GALS ] methodology in implementing the Parish Development Model [PDM]. The methodology tailored by Oxfam…
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Central Uganda fishing groups form union
KAMPALA—Fisheries & Aquaculture stakeholders in Central Uganda have set up a cooperative union in a bid to save over US$171 million [ about Shs 615.6bln ] in potential business in aquaculture, fisheries,…
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NRM to form SACCOs countrywide
OMORO– The National Resistance Movement Organisation [NRM] is considering establishing Savings and Credit Cooperative Organisations [SACCOs] at the grassroots in a bid to fight poverty among its members. This follows complaints from…
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