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DFCU Bank Registers Decline In Profit By 45% No Dividends For Shareholders
The Board of DFCU bank has suggested that no profits should be extended to the shareholders in the wake of enlisting a drop in profits of Shs11 billion last year. The banks General Manager George Ochom, said the board saw it wise not to dispense any dividends to shareholders so that it can keep the…
Italian Embassy Trade Advisor, Indian Association Uganda Business Forum Discuss Economic Bilateral Trade Ties
Mr. Zephline Muhangi the Italian Trade Promotion Advisor based in Uganda has attended an official meeting with the Leaders of the Indian Business Forum in Uganda at one of the business forum members’ hotel in Kampala. The leaders who attended the meeting which took place on March 28, 2022 include; Mr. Rajesh Kumar of Oxygas…
Bobiwine Booed Off At Mp Nambeshe Dad’s Burial By Angry Mourners
The National Unity Platform (NUP) party president Robert Kyagulanyi alias Bobiwine was at the weekend forced to cut his speech short at a burial in Budada District after mourners started heckling him over remarks he made on deputy speaker Thomas Tayebwa. The burial was of Henry Masolo Enrico, the father of opposition chief whip John…
Prime Suspect Who Tortured City Plumber In Gaba Lovely Guest House Arrested
Police detectives in Crime intelligence department have arrested the main suspect who was behind the torture of a plumber one Njuba Brian who was captured in video while being tortured that went viral on social media platforms. The Victim was seen tied with barbed wires and was burnt with a burning Jerry can while in…
Powerful: Rajiv & Naiya Ruparelia Heap Blessings Onto Moslems As Ramadhan Kicks Off
Youthful tycoon Rajiv Ruparelia and wife Naiya Ruparelia have joined tens of thousands of Ugandans to push holly wishes to the Muslim community that has kicked off this Ramadan month today. This year, Ramadan begun on April 2, and lasts up until May 1. The dates are based on the ever-changing lunar calendar. The powerful…
Finally: Govt Releases 1.2Bn For Oulanyah’s Burial Arrangements
Government of Uganda has finally released the Shs1.2 billion cash meant for the burial arrangements of former Speaker Jacob L’Okori Oulanyah. The development was confirmed by Mr. Chris Obore, the Director of Communication and Public Affairs at Parliament in a Monday evening statement on his twitter account “I can now confirm that the Finance Ministry…
Flying Squad Arrests Notorious Gang Leader Behind Nansana Robberies
Detectives from flying Squad in Kampala Metropolitan Police (KMP) South and Nansana Division have arrested a notorious gang leader, identified as Lubowa Geofrey alias Jeff, who was behind the wave of armed robberies, sexual assaults against women, burglaries, and swash-and-grab attacks in Nansana Division. Police spokesperson Fred Enanga revealed that Jeff and his other accomplices,…
Prime Suspect In Murder Of Bundibugyo NRM Boss Kifunga Arrested
Flying squad unit of police has arrested one Bwambale Sunday Swaib herbalist in connection to the murder of the NRM district registrar for Bundibugyo district. The deceased Aguma Robert Kifunga was lured into gold deal by his friend Bwambale Sunday who later strangled him to death and after dumped the body at Bimala cell in…
Exposed: How Ugandan Revellers Diddle Bar Owners Through Airtel Money Fraud
There is a new form of fraud in Kampala which is being perpetrated by revellers at bars that accept payments for services using Airtel money. Our investigators reveal that these fraudulent revellers enjoy services at bars, then pay for the same using Airtel money but later reverse the transactions after leaving the bar, thereby causing…
Resourceful! Inside Ruparelia Group’s 6 New Multi-billion Projects
The management of Ruparelia Group of Companies under the chairmanship of Dr Sudhir Ruparelia is currently undertaking a cluster of 6 projects at a cost of hundreds of billions of Uganda shillings. Ruparelia group is owned by Sudhir, Uganda’s richest businessman with his son Rajiv Ruparelia as the managing director. The 6 projects include; extension…