Saturday, April 13News That Matters

Day: September 15, 2023

Biyinzika’s Shs.40bn poultry business empire collapses over Bank Loan.

Biyinzika’s Shs.40bn poultry business empire collapses over Bank Loan.

Business, FEATURED, Latest News, NEWS
Samuel Mukasa, Uganda’s most prominent and wealthy poultry business mogul, is set to lose his multi-million dollar company properties over a bank loan. Mukasa has been running Biyinzika Enterprises Ltd for the last 31 years. The company, which runs hatcheries and sells chicks across East Africa, previously controlled about 65% of Uganda’s poultry market share before the COVID-19 pandemic. The outbreak of the pandemic saw the company lose most of its market, suppliers and employers. Details of the bank loan remain unclear. However, the lenders’ lawyers Tumusiime, Kabega & Co. Advocates have since advertised Biinzika’s properties, saying they will be auctioned by October 12, 2023. “Duly instructed by our client, the registered mortgage, a financial institution, we do hereby give notice o...
Fun Factory to celebrate two decades of laughter.

Fun Factory to celebrate two decades of laughter.

FEATURED, Latest News, NEWS
Fun Factory, Uganda’s renowned comedy group, is gearing up to mark a remarkable milestone – 20 years of providing weekly laughter to audiences. The grand celebration, known as the “Big Sunday Comedy Show,” is set to take place on October 1st, 2023, at the Kampala Serena Hotel. This laughter-filled extravaganza is proudly sponsored by Uganda Waragi. The announcement was made during a press conference held at the National Theatre, featuring Fun Factory members and representatives from Uganda Breweries Limited, the creators of Uganda Waragi. The “Big Sunday Comedy Show” promises to bring together comedy enthusiasts who have shared countless laughs with Fun Factory over the years. From their humble beginnings at TLC in 2003 to their current weekly “Comedicine” show at the National Theatre, Fun...
NRM’s Mugisha wins Hoima LCV by-election.

NRM’s Mugisha wins Hoima LCV by-election.

FEATURED, Latest News, NEWS, Politics
The National Resistance Movement (NRM) candidate, Mr Uthuman Mugisha Mubaraka, has emerged victorious in the September 14 Hoima district LCV by-election. The results were officially announced on Thursday night by Hoima District Returning Officer, Ms Merab Kasande, at Dwoli Primary School tally center, in the presence of the Chairperson of the Electoral Commission, Justice Simon Byabakama. Mr Uthuman, the son of the late Kadiri Kirungi, the former district chairperson who tragically lost his life in a road accident on March 17th along the Kampala-Hoima road, secured his victory by garnering a total of 18,353 votes.
Victoria University celebrates 7th graduation ceremony.

Victoria University celebrates 7th graduation ceremony.

FEATURED, Latest News, NEWS
Victoria University held its 7th graduation ceremony at Kololo Independence Grounds on Thursday. The event was a joyous occasion, honoring the accomplishments of 458 graduates who have successfully earned their degrees. Several familiar faces from various fields were conferred with degrees, adding a touch of celebrity flair to the ceremony. One of the most prominent figures in attendance was Faridah Nakazibwe, a renowned news anchor at NTV Uganda, who received her Master’s in Business Administration. In an interview with journalists during the ceremony, Nakazibwe reflected on the challenges she faced while pursuing her degree. “It is hard to study as an adult. So running from the newsroom to come and attend physical classes was not easy,” she said. Another television personality gracing th...