Tag Archives: Firms

Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation pouring trillions into companies that are barely staying afloat. As a state enterprise, UDC is mandated “to promote and facilitate …

Uganda is sitting on a gold rush worth billions — but for most citizens, the shine stops at the headlines. Gold exports have exploded over the past decade, rebounding strongly after a brief slump in 2022/23 caused by a tax dispute that temporarily halted exports. By 2025, Uganda’s gold earnings had surged to an estimated $5.2 billion (Shs 18.8 trillion), …

Post Views: 10 By Andama moses.In Masindiwww.mknewslink.comJulius Mugisa, an independent candidate who lost elections to Ronald Akugizibwe Aled of NRM in the just concluded general elections for Buruli County in Masindi district has decided to take legal action against NRM’s Ronald Aled Akuguzibwe challenging his victory citing irregularities during the exercise. Mugisa revealed this during press conference held at …

The Public Procurement and Disposal of Public Assets Appeals Tribunal has allowed the case in which Dentons Advocates sued Uganda Electricity Transmission Company Limited (UETCL) over a 13 billion legal services contract for arbitration proceedings against Umeme Ltd. The Tribunal in its decision delivered on Friday, found irregularities in the evaluation process, including the unlawful alteration of the winning bidder’s …

President Yoweri Kaguta Museveni has cautioned road engineers and contractors against doing shoddy work, urging them to change their ways and embrace quality workmanship in government infrastructure projects. The President made the call while addressing a large crowd at the Peace Grounds in Kitgum Municipality, Acholi sub-region, on Thursday during his countrywide tour as the NRM presidential flagbearer to popularise …