bitature

DFCU to takeover Patrick Bitature’s businesses over Shs150 billion Crane bank loan

The SpearTeam.   While embattled Sudhir Ruparelia has become the face of huge financial misappropriations, scores of other rich men – his longtime friends like...

Rent revolt boiling in K’la arcades as landlords turn debt burden to tenants

Revolt is building silently in the magnificent but poorly constructed Kampala malls as the highly indebted Kampala Landlords turn the burden onto their tenants...
Rwanda Airport. The best in East Africa and 2nd best in Africa

Kigali Airport, best in E.A, 2nd in Africa as Entebbe tumbles under Museveni’s Inlaw

By: Kaihura Gentil. The SpearTeam Gishenyi A reputable Canadian travel and hospitality firm ranked Rwanda airport the second best in Africa. The Guide to Sleeping...

Traders cry foul as KCCA demolishes their kiosks

  BY OUR REPORTER  Over 200 vendors have been left stranded after Kampala Capital City Authority (KCCA) law enforcement officers razed down their makeshift kiosks and...

Kenya, Rwanda ban Ugandan chicken over Bird Flu

BY IVAN MOSH Following the outbreak of bird flu in Uganda, authorities in her neighbours of Kenya and Rwanda have slapped a ban on importation...
spear yaka

M7 behind soaring 30% power tarrif increaments as power Charges are set in dollars...

The SpearTeam Kampala. The SpearTeam can reliably reveal that Yoweri Museveni approves and is virtually behind the soaring power tariffs in the country. The ever increasing...

Uganda sinks deeper into debt trap

June 15, 2018 - Uganda's Finance Minister Matia Kasaija yesterday unveiled a Ushs 32 trillion budget for fiscal 2018/19 which once again showed the...
spear money

Over 1m jobs at risk as MTN is set to introduce auto teller Machines...

The SpearTeam. By" Vincent Lubwama As the trends in technology keep changing poor Ugandans are bound to lose lots of jobs. As you read this, MTN the...

CHANGE IN SIGNATURE ON UGANDA SHILLINGS BANK NOTE

The Bank of Uganda informs the public that the Uganda’s Shillings bank notes with the year of print 2017 will bear the signature of...

The Definitive Guide To Marketing Your Business On Instagram

All right. Well, take care yourself. I guess that's what you're best, presence old master? A tremor in the Force. The last time felt...

15% of adult Ugandans in abject poverty-confirms BoU

About 3 million adult Ugandans or 15% of the total adult population are extremely poor, don't have a single coin or are financial excluded according to the Bank of Uganda. The BoU while launching the National Financial Inclusion Strategy Structure in Kampala said 16.8 million Ugandans or 80% of adult Ugandans who are projected to be 21 million do not have a bank account. "52% use non-bank formal institutions like mobile money, only 2% subscribe to a certain insurance, 33% not heard of mobile money while 44% not using mobile money. 43% save and invest with informal savings groups and 51% save at home," said Emmanuel Mutebile the Bank of Uganda Governor. The National Financial Inclusion Strategy Structure will have five objectives of developing the credit infrastructure for growth, reducing financial exclusion and access barriers to financial services, building out the digital infrastructure for efficiency, deepening and broadening formal savings, investment and insurance usage

Lawyer sues KCCA over job

  BY OUR REPORTER A City Lawyer has sued Kampala Capital City Authority (KCCA) for allegedly halting her deployment despite appointment by the Public Service Commission. In...

Uganda chokes on Shs 46 Trillion debt

  BY SAM MUGISHA  Uganda’s tax payers will have to cede part of their contribution to the national budget in clearing a debt stock that now...

Airtel cuts interconnection ties with UTL; move to disable 10 million callers

The SpearTeam Airtel Uganda and Uganda Telecom Limited (UTL) have cut interconnection ties. A statement from Airtel Uganda indicates that there will not be interconnection...
Roadside vendors and stalls to be removed by Kagina

Govt intensifies move to banish the poor: Kagina set to evict thousands working in...

Government has directed all individuals who have structures or unauthorized activities of any form in the Road Reserves to vacate them before demolitions and...

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Maureen Kyala pleads for Nambooze’s life

June 19, 2018 - Former presidential candidate Maureen Kyalya has appealed to President Museveni to save the life of detained and bed-ridden Mukono Municipality...

Monitor journalist demands for Museveni’s apology over Kayihura

June 16, 2018 – A monitor journalist wants President Museveni to apologise to Ugandans over the torture and harassment meted out on them by...

Nambooze in critical condition at Naggalama police station

June 15, 2018- Mukono Municipality MP Betty Nambooze Bakireke is reported to be in critical condition at Naggalama police station where she was detained...

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