Pressure piles as more than 40 firms fight to grow and export Marijuana

marijuana

Foreign and private companies have joined the shove to grow and export marijuana in Uganda, even before the authorities in government complete consultations on the medical and financial benefits of cannabis. The Narcotic Drugs and Psychotropic Substances Act 2015 that was passed by Parliament, has triggered a gold rush among prospective local and foreign marijuana entrepreneurs, who are keen to invest in the medical marijuana industry. Even when the authorities are still grappling with the idea of how to regulate the growing of medical marijuana, it is clear that a…

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A cry of a disgruntled DFCU Client.

DFCU-logo

DFCU has been and is still my bank for over 4 years. At first I enjoyed their services very well and I would recommend everyone who wanted to open an account to DFCU. They had good customer care which would be exhibited to me whenever I would enter into their banking hall. Things about this bank changed when they took over crane bank. I do not know if I am the only one having issues with DFCU but I know there are very many clients out there who are having…

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NEMA: Oil exploration in Murchison Falls must go on

Murchison-Falls

The certificate of approval recently issued for Tilenga Project environmental and social impact assessment by government is a final document and cannot be revoked, the National Environmental Management Authority (Nema) has said. Mr Tom Okurut, the Nema executive director, confirmed the development on Thursday while reacting to demands by civil society organisations (CSOs)for government to revoke the certificate and cause fresh public hearings. Tilenga oil project within Murchison Falls National Park is estimated to last between 25-30 years. Once production starts, an estimated 190,000 to 200,000 barrels of oil are…

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Government to respond on closure of commercial banks

kasekende

Government is set to implement some of the recommendations of the probe report into Bank of Uganda (BoU) operations that led to the controversial closure of seven commercial banks in the period of over 20 years, according to the Minister of Finance Matia Kasaija. Parliament’s  Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) chaired by Mr Abdu Katuntu made the recommendations in February this year after five months of interrogating BoU top officials  over the closure of seven commercial banks, the last one being the closure of Crane Bank…

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Incompetence: BoU hired lawyers weren’t aware that an institution under receivership can’t be sued and can’t Sue.

bouu

Let me check how much was paid to the first lawyers that filed a lawsuit against Sudhir, the figure is around 1.2 billion shillings for a case that never should have been filed at least according to the law. Why do I say this case shouldn’t have been filed in any court under Ugandan law, institutions in receivership can’t be sued and therefore can not sue. Meera investment vs URA the justices of the Supreme Court ruled that Since URA can’t be sued it cannot also sue, the same law/decision…

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The Landlord & Tenant Bill is aimed at oppressing landlords

kampala shops

The Landlord & Tenant Bill is aimed at forcing landlords to default on their debt obligations  forcing banks to foreclose on properties and landlords to sell on the cheap leading to a mega property grab in and around Kampala metropolitan area. The authors of the bill in collusion with corrupt or ignorant MPs want to force an artificial  property market crash through debt defaults. If the bill is signed into law, the long term goal is to pave way for a mass property grab by a cabal with access to…

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Kampala Serena Hotel Management in Crisis

SERENA

On one end Uganda’s leading five star hotel, Kampala Serena hotel hosts VVIP guests, International meetings and conferences and high end delegations from all over the world. Being part of the Aga Khan Foundation, it boosts of international hospitality standards however on the other end they are not even able to take care of the basic needs, welfare and rights of their employees and there seems to be a huge bias on how they treat the management expatriate staff differently then the local employees. This misuse and grantism towards Ugandan…

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Cannabis Users Who Mix Weed and Workouts Exercise Harder and Longer, Says Study

canabis

According to a new study from researchers at the University of Colorado, incorporating weed into your workout routine might have some surprising benefits and can seriously motivate you to push through those last few reps. To determine the effects of marijuana on fitness and exercise, the researchers surveyed 600 cannabis users in the U.S. (in states where weed is legal) about their workout habits and marijuana use. The results revealed that 80 percent of participants said they toke up an hour or less before working out, 67 percent get high…

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Israeli firm reports first cannabis harvest from Uganda

canabis

Israeli firm, Together Pharma Limited has reported that it made a cannabis harvest from Uganda on Tuesday, despite a government announcement that the said license had been halted. This is according to a statement released to the Tel Aviv Stock Exchange Authority Ltd, today. The statement, which is signed by CEO Nissim Bracha, indicates that the company completed the first harvesting of cannabis inflorescence at its farm in Uganda on June 18 and sowed another 10 dunams on the company’s farm in Uganda on the same day. According to the…

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COMMENTS ON THE DEMAND BY MINISTRY OF GENDER LABOUR AND SOCIAL DEVELOPMENT THAT LABOUR EXPORT COMPANIES SUBMIT BANK STATEMENTS FOR VERIFICATION.

Export of labour in Uganda is regulated by the Employment (Recruitment of Ugandan Migrant workers abroad Regulations Statutory Instrument number 62 of 2005 which does not explicitly mention that thelabour export companies are required to submit bank statements. The Bank of Uganda Final Consumer Protection Guidelines 2011under guideline 7(3)(a) which provides for safeguarding consumer information and precludes financial service providers from disclosing information about a consumer to a third party except where the financial service provider is compelled by law to disclose the information or where the disclosure is made…

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Victoria University hands over 300 scholarships to Kampala Capital City Minister Hon. Betty Kamya

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Victoria University Kampala through its top leadership donated 300 scholarships to the youth in Kampala. The scholarships were handed over to Kampala Capital City Minister Betty Olive Namisango kamya by Mr. Rajiv Ruparelia and wife Naiya. Rajiv Ruparelia Group Managing Director said that the minimum qualification for the degree programme is two principal passes and one principal pass for those enrolling for diplomas. The minister thanked Victoria University for coming up with such a scholarship scheme aimed at improving the welfare of the youth in Kampala. She called upon the…

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Concerned citizens petition Kadaga over re-probing BOU by COSASE

citizen

A group of 100 concerned Uganda citizens have petitioned the speaker of parliament, Rebecca Kadaga to ban parliament’s new committee on commissions, statuary authorities and state enterprises (COSASE) from re-investigating Bank of Uganda especially on the shs 478 billion that the central bank official failed to account for during the first probe carried out under Abdu Katuntu as chairperson. The group led by Kakulu Sam Brian, a student pursuing B.A and Law at Uganda Christian university says the new chairperson of COSASE, Honorable Mubaraka Munyagwa is trying to play on…

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Magnificent Kingdom Kampala mall officially opens

joytsna

On Sunday 19,May 2019,it was pomp and glamour as another magnificent property,Kampala Kingdom was added on the list of the properties owned by Ruparelia group.The business and office building was officially unveiled to the public. Kampala Kingdom is a symbol of “respectable economy” hence government can not invest in beautiful roads and flyovers when private sector is not doing enough to put up quality and standard buildings that match the capital infrastructure of government.This means that beautiful buildings strongest foundation for economic development.A look at magnificent buildings shows how futuristic…

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Top Australian firm enters Ugandan to grow marijuana

Cannabis - Marijuana oil extracts in jars and leaves for treatment.

Daily Inspector can exclusively report that Heliochem Pty Ltd, an Australian based firm has partnered with Medcan Uganda Ltd to grow medical cannabis (marijuana) in Uganda, Heliochem is a subsidiary of THC Global Group Limited (ASX: THC), an ASX listed company, operating in the Health Care sector. Heliochem has already applied to Ministry of Health and other relevant bodies for a license to grow medical cannabis in Uganda. According to a letter dated May13, 2019 to Health Minister Jane Ruth Aceng, Heliochem says establishing a medical cannabis industry in Uganda…

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USA: Cannabis becoming a huge Job Creator

busia_town1

Discussions about job growth in the USA tend to focus on industries such as technology and health care. But the biggest boom may be happening in cannabis. Even though cannabis use in some form is legal in only two-thirds of the states, the burgeoning industry is among the fastest-growing job markets in America. According to cannabis information hub Leafly’s 2019 Cannabis Jobs Count, cannabis directly employs more than 211,000 full-time workers in the U.S. Add indirect jobs and the total number of full-time workers dependent on the legal cannabis industry…

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Oil prospects should not divert you from creating jobs, wealth – President Museveni

M7InBunyoro-2

President Yoweri Museveni has urged the people of Bunyoro, especially the youth not to be diverted by prospects in the oil sector and ignore engagement in job and wealth creation activities. “Oil is good and it is coming but don’t be swayed from engaging in wealth and job creation activities. Government has identified seven sectors that every Ugandan can get involved in to create wealth and improve incomes,” he said. The sectors include industries, commercial agro production, ICT and services sector. The President said government has also submitted a proposal…

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Sachet spirit manufacturers to lose licenses

waragi

Effective June 1, 2019, any sachet alcohol found in shops will be burned while the manufacturers will have their licenses revoked, Amelia Kyambadde, the Minister of Trade, Industry and Cooperatives has said. “We had given the companies up to May 31 to comply with the ban on the manufacture of sachet spirits and if by June 1 we find sachets on shelves, licenses will be lost. Even the imported sachets will face the same fate,” she said. She said they have set up a committee that will be moving around…

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USA: Marijuana was legalized for medical purposes in 33 states

USA

Thirty-three states and Washington, DC, allow marijuana for medical purposes, although their approaches can significantly differ. Some allow medical marijuana dispensaries and home cultivation. Others only allow home cultivation. And some allow dispensaries but not home cultivation. There’s a growing body of research supporting marijuana’s use for medical purposes. Some studies and anecdotal evidence suggest marijuana can be used for various medical problems, including pain, nausea and loss of appetite, Parkinson’s disease, inflammatory bowel disease, PTSD (post-traumatic stress disorder), epilepsy, and multiple sclerosis. But a review of the evidence from…

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