Latvia is auctioning off the House of Moscow, located in Riga, with a starting bid of 3.57 million euros. The funds raised from the sale will be donated to support Ukraine. The auction is scheduled to run from August 20 to September 19. The House of Moscow, a prominent propertyContinue Reading
Mortgage Pressure Pushes More Homeowners to Sell An increasing number of homeowners in outer suburbs are preparing to sell their properties this spring, as rising mortgage stress impacts many. The number of property listings has notably increased in several areas compared to the previous five-year average. In outer Melbourne, propertyContinue Reading
On Wednesday evening, authorities in Tororo district intercepted a significant operation involving the production and sale of counterfeit cement. During a coordinated effort by the police, Uganda Revenue Authority, and the Resident District Commissioner’s office, over four tonnes of fake cement were seized. The counterfeit cement was discovered in AkapaContinue Reading
Tanzanian Women Break Barriers in Construction Industry DAR ES SALAAM — three courageous women from Ludewa district in Njombe have shared their stories of working in the construction sector—a field traditionally dominated by men. Furaha Fusi, Upendo Chaya, and Secy Mwinuka have taken on physically demanding roles such as carryingContinue Reading
ACT-Wazalendo’s Claims on Pemba Airport Disputed by Zanzibar Officials The Zanzibar government has addressed recent criticisms from the ACT-Wazalendo party regarding the construction of the Pemba International Airport and road projects. The Ministry of Construction, Communications, and Transport has countered these claims, asserting that the accusations are intended to createContinue Reading
Hannington Rugongeza, the Gombolola Internal Security Officer (GISO) for Butiaba Town Council, has been arrested and detained at Buliisa District Police Station. His arrest, ordered by Lands State Minister Sam Mayanja on August 8, 2024, follows allegations of his involvement in land grabbing. Rugongeza’s arrest came after residents accused himContinue Reading
Is Investing in Rentals Worth It? Key Insights for Ugandan Investors Investing in rental properties can be a lucrative business if approached correctly. Mark Davies, owner of Horizon Financial Solutions, a microfinance company, believes that rentals are a viable investment but require careful planning and execution. He advocates for gradualContinue Reading
Akon’s Futuristic Cities: More Fantasy Than Reality as Deadlines Drift When singer Akon promised to build futuristic cities in Senegal and Uganda, many envisioned a reality matched only by the high-tech utopia of Wakanda from Black Panther. But as the deadlines slip and the tall grass grows, it seems likeContinue Reading
A recent audit conducted by the Controller and Auditor General (CAG) has uncovered significant issues in the construction of eleven hospitals in Zanzibar. The audit report reveals that many of these facilities are experiencing structural problems due to a lack of geological surveys before construction. This oversight has led toContinue Reading
Uganda Sees Surge in Industrial Space Demand Amid Economic Growth Uganda has experienced a notable increase in the demand for industrial spaces in the first half of the 2023/24 financial year, according to a recent report by Knight Frank. This surge is attributed to a boost in investments across variousContinue Reading