MTN fined Shs 2.3bn for sabotaging competition

The Commercial court has ordered telecom giant MTN Uganda to pay a sum of Shs 2.3bn (about $662,000) in damages to EzeeMoney Limited for sabotaging its business. Justice Henry Peter Adonyo on Novembe...

Government oil account has Shs119b

Kampala. Uganda’s account meant to hold oil money, The Petroleum Fund, is currently holding $36m (Shs119b), Bank of Uganda (BoU) 2014/15 Annual Report shows. According to the report, government holds...

UNRA official quizzed over Shs1b on personal account

A Uganda National Roads Authority (UNRA) official was last Friday quizzed over billions of shillings on his personal account, yet his official salary was only Shs5m a month. Mr Asaph Abenaitwe, the U...

PS Mutabwire faces axe over Sh12b loss

Inspector General of Government (IGG) Irene Mulyagonja has ordered the head of Public Service, Mr John Mitala, to immediately interdict the acting Permanent Secretary of the Ministry of Local Governm...

Pension suspect refunds Shs360m

Kampala- One of the suspects in the Shs165b pension case yesterday refunded $102,108 (about Shs362m) to government after pleading guilty to stealing the money meant to pay foreign pensioners. Appeari...

Chinese firm on the spot over shoddy work

A senior official of the Chinese construction firm, China Chongquing International Construction Corporation (CICO), was yesterday questioned over shoddy works on the Fort Portal-Hima road. CICO const...

Heated election season threatens forest cover

A family inside Kagombe central forest reserve (CFR) Matia Kasaija recently made remarks that offered hints that forests could be used as a bargaining chip for both the political aspirants and voters...

Pope claims ‘greed is driving world to ruin’

Pope Francis on Thursday called on the world to reject the “idolatry of money”, claiming that greed was driving societies to ruin. In an interview in his modest apartment in the Vatican, ...