Tag Archives: Shs

Armed robbers raid Kitgum wholesale shop, flee with Shs 10m

Gunmen kill fuel station security guard steal firearm in Gulu

Armed robbers on Tuesday night raided a wholesale shop in Omiya Anyima sub-county, Kitgum district, and made off with more than Shs 10 million in cash, prompting a security operation to track down the suspects. The robbery occurred at about 8 pm in Omiya Anyima Central village, Panyum parish, according to district authorities. Geoffrey Oguti, assistant resident district commissioner (RDC) …

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Museveni orders audit of Shs 231bn veterans’ wealth creation funds

Museveni orders audit of Shs 231bn veterans wealth creation funds

President Yoweri Museveni has directed leaders of veterans’ associations to convene for a comprehensive audit of more than Shs 231 billion disbursed over the years under government programmes aimed at improving the livelihoods of veterans. The directive was issued during this year’s virtual Heroes’ Day celebrations held at State House, Nakasero. Museveni said the meeting would establish how funds distributed …

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World Bank to lend Shs 23 trillion to Uganda

World Bank to lend Shs 23 trillion to Uganda

The World Bank Group (WBG) has unveiled plans to lend Uganda about $6 billion (about Shs 23 trillion) over the next 10 years under its new Country Partnership Framework (CPF). The money, WBG says, is aimed at accelerating private sector-led economic transformation and creating jobs. The framework, which will run from 2026 to 2035, provides for lending of $2 billion …

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UOC, BIRDC commit Shs 2.5bn to sports nutrition initiative

UOC BIRDC commit Shs 25bn to sports nutrition initiative

The Banana Industrial Research and Development Centre (BIRDC), in partnership with the Uganda Olympic Committee (UOC), has committed more than Shs 2.5 billion towards a new Nutrition for Sports initiative aimed at enhancing athlete performance and promoting healthy lifestyles. The announcement was made on Friday during the unveiling of artistic designs for BIRDC’s proposed banana processing factory at Mwesigwa Resort …

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Seven remanded over theft of Shs 620m cash from forex bureau operator

Seven remanded over theft of Shs 620m cash from forex

Buganda Road Chief Magistrate’s court has remanded seven youths to Luzira Prison on charges of aggravated robbery of Shs 620 million from a forex bureau operator in Kampala.  The suspects, aged between 18 and 30, were arraigned before senior principal magistrate grade one Winnie Nankya Jatiko, who read to them a single count of aggravated robbery.The court did not allow …

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Uganda’s betting companies withhold Shs 2.6bn in winning claims

Ugandas betting companies withhold Shs 26bn in winning claims

Lotteries and gaming operators in Uganda withheld at least Shs 2.6 billion in winning claims from 125 players in the current financial year. According to the National Lotteries and Gaming Regulatory Board (NLGRB), the complainants petitioned the regulator after their purported winnings were not honoured by the operators. The board’s chief executive officer said that, so far, 112 of the …

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Shs 620m Kampala forex robbery suspects to appear in court today

Bangladeshi national found dead in Yumbe lodge

The police says it has concluded investigations into an aggravated robbery case involving seven suspects accused of stealing Shs 620 million belonging to Economic Exchange Forex Bureau. The suspects are Mulindwa Sharif, Akid Khalid alias Bombe, Kayiira Muhamed, Tamim Kawaganya, Ongom Ivan, Kasozi Ismael alias Maso and Gizamba Ivan. They are jointly charged with aggravated robbery contrary to Sections 266 …

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Economy remains stable as gov’t spends Shs 1.7 trillion on elections

Economy remains stable as govt spends Shs 17 trillion on

The government spent at least Shs 1.508 trillion on general elections this year – with the Electoral Commission accounting for Shs 1.147 trillion of the expenditure as of April this year.This is part of close to Shs 1.7 trillion total that was released by the ministry of Finance, Planning and Economic Development to all the ministries, departments and agencies (MDAs) …

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Journalist ordered to pay Shs 60m for defaming Letshego CEO

Journalist ordered to pay Shs 60m for defaming Letshego CEO

The High court has ordered journalist, Henry Lubulwa, to pay Shs 60 million in damages for defaming Letshego Uganda Limited and its chief executive officer, Germany Giles Aijukwe. Lubulwa, through his online publication Entebbe Post, was found liable for publishing defamatory claims alleging that Aijukwe and Letshego had fraudulently sold the house of one Alex Niyonzima. According to court records, …

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