Block 16
2021 Elections: EC Releases Revised Programme For Nomination Of Candidates For Parliamentary Seats
The chairperson of the Electoral Commission Justice Simon Byabakama has released a revised programme for the nomination of candidates for Parliamentary Elections 2021. He said the development follows presentations from various stakeholders including the Parliament of Uganda. According to the program, the nominations have been rescheduled from Monday 12th and Tuesday 13th 2020, to Thursday…
Victoria University To Host Business Mogul Maggie Kigozi To Tip Ugandans On Business & Failure Of Family Businesses
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, Lawyers Fred Muwema, Arnold Nogan Kimara Fire Back at UBA’s Response to Court Ruling
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…
Health Ministry: Over 50 Journalists Tested Positive For Covid-19
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…
Mobile Banking Threatened To Its Knees, How Safe Is Your Money?
“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…
Big Story: Equity Bank Sells Simbamanyo House To Tycoon Sudhir After Borrower Defaults On Shs11.5Bn Loan
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…
Sad! Nexus Longue Proprietor Ivan Kakooza Dies On Independence Day
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…
New Twist: Uganda Bankers Association Joins DTB To Appeal Court’s Ruling In Favour Of Ham Enterprises
Uganda Bankers’ Association (UBA), an umbrella organization for financial institutions licensed and supervised by Bank of Uganda is to join Diamond Trust Bank (DTB) in appealing against court’s ruling in the loans case against Ham Enterprises Ltd, owned by businessman Hamis Kiggundu. Commercial Court head Justice Henry Peter Adonyo on Wednesday ruled that the credit…
Exclusive! Why Museveni Sacked ISO Boss Kaka Bagyenda
President Museveni has sacked Internal Security Organisation [ISO] boss Col. Kaka Bagyenda and replaced by Charles Oluka, according to reports. This website have learnt that Oluka will be deputised by Emma Katabazi who has been heading the ISO media desk. Army spokesperson Brig Gen Flavia Byekwaso told this website that she had not yet confirmed the…
Commercial Banks In Panic After Court Outlaws Syndicate Lending In Landmark Ham Vs DTB Case
Several bosses in commercial banks in Kampala and other financial institutions are sweating plasma following the October 7th, 2020 ruling by the High Court Commercial Division in a case filed by tycoon Hamis Kiggundu and Diamond Trust Bank, in which caused outlawed syndicate lending. The panic among commercial banks executives arose after High Court justice…