It is believed that family businesses account for 80% of companies globally but despite this milestone, according to researchers, only 30% survive to the second generation, 12% transit into the third generation and only 3% reach the fourth generation. This means that while many families start businesses, they quickly die once the proprietor dies. This…
Ham Enterprises Limited with its lawyers Fred Muwema and Arnold Nogan Kimara has responded to Uganda Bankers’ Association press statement released on October 8, 2020 following a Commercial Court head Justice Henry Peter Adonyo ruling that the credit facilities DTB-Kenya offered to Ham Kiggundu are illegal since it is not licenced by Bank of Uganda…
The Ministry of Health has revealed that atleast 50 journalists in Uganda have tested positive of the Coronavirus (COVID-19). According to Ministry of Health statistics, 9082 persons have tested positive and 84 died of COVID-19 in Uganda. Speaking to journalists at a Virtual Media Symposium on the COVID-19 pandemic in Uganda organized by the African…
“With the advancement of information technology will come more sophisticated crime”. This and other related statements are commonly used by even those who advance the need for a digitally-led society. This, therefore, means that the advancement in IT is a necessary evil, which will always be taken advantage of by cyber-fraud, robbery or kidnap and…
Kampala mogul Dr. Sudhir Ruparelia is the new landlord of the expansive Simbamanyo House, which is situated on Lumumba Avenue opposite CPS building, after his Meera Company bought the building from Equity Bank. Simbamanyo House originally belonged to city businessman Peter Kamya, who staked it as collateral security to Equity Bank in 2017 for a…
The Managing Director and owner of Nexus Lounge in Najjera, Wakiso District Engineer Ivan Kakooza has passed on. This was confirmed by Miss Joan Kaitetsi the manager of the popular bar. “Yes, it’s true, Ivan is gone,” She confirmed. By presstime, the cause of the death was still unclear as we wait for the ministry…
