Block 7
What Next For Sudhir & Staggering BoU, Two Months after Landmark Ruling in Crane Bank case
The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of the decision on the national Treasury and on Ugandans generally, while…
Ruparelia Group Announces Rapid Growth Of Empire
Founded by Dr. Sudhir Ruparelia, the Ruparelia Group of Companies is a privately owned Ugandan company. As the largest home-grown business in Uganda, its boundary pushing market leadership began in the 1980s. Grown through years of painstaking adherence to excellence, the Ruparelia Group is responsible for the ownership of companies that feature unique brands which…
Dfcu Chief Executive Katamba Bows Out As Uganda Bankers’ Association Chair
Members of Uganda Bankers’ Association (UBA) a few days ago held their annual general meeting and elected Sarah Arapta, as the new Chair taking over from Dfcu Bank Chief Executive Officer Mathias Katamba who has served for two years (2020 & 2021). Ms. Arapta is the Chief Executive Officer of Citibank Uganda. Mr. Katamba in…
Ugandan Athletes Set To Bag Shs7.1Bn From Govt For 2022 Commonwealth Games
Government is set to provide Shs7.1 billion to support Ugandan athletes who will participate in the 2022 Commonwealth games due to take place between 28 July and 08 August 2022 in Birmingham, United Kingdom. The State Minister for Sports, Hamson Obua made this revelation while responding to a matter of national importance raised today during…
Parliament Enacts Shs48.1 Trillion First Post-lockdown Budget
Parliament has passed the Shs48.1 trillion budget for financial year 2022/23 with post Covid-19 economic recovery high on the agenda. Under the theme “Industrialization for Inclusive growth, Employment and Wealth Creation,” projected revenue base is Shs48.1 trillion to finance the budget. On recurrent expenditure, Ministry of Finance, Planning and Economic Development takes Shs2.3 trillion, Ministry…
NATO Chief Vows To Settle Turkey’s Concerns Over Expansion
Jens Stoltenberg, secretary general of the North Atlantic Treaty Organization (NATO), on Thursday pledged to address Turkey’s concerns on Finland’s and Sweden’s applications to join the military alliance. “We are addressing the concerns that Turkey has expressed,” he said at a press conference held jointly with his host, Danish Prime Minister Mette Frederiksen. Finland and…
Disgruntled Makerere University Staff Petition Tribunal Over Dismissal
The former Director of Legal Services at Makerere University has appealed to the staff tribunal over his dismissal. Javason Kamugisha and Davis Malowa Ndanyi, the Director of Human Resources were dismissed early this month after serving for a year. They were appointed on probation and were supposed to serve for five years upon confirmation by…
Asian Driver Survives Lynching For Knocking Dead Late Abiriga’s Driver
A man of Indian origin survived being lynched by angry residents in Arua city after he knocked dead a pedestrian last night. The deceased, Ismail Uriama, was a former driver of late Ibrahim Abiriga, the former member of parliament for Arua Municipality who was assassinated in June 2018 near his home in Matugga, Wakiso District. The…
Deputy Speaker Stings Activists Seeking To Block Construction Of Oil Pipeline
The Deputy Speaker of Parliament Thomas Tayebwa has warned environmental activists opposed to the construction of the East African Crude Oil Pipeline (EACOP) that no amount of pressure will deter the government of Uganda from developing the Oil and Gas Sector. Tayebwa sent the warning while officiating over a function at which Kakumiro District marked…
Top Buganda Land Board Officials In Hot Soup Over Conflict Of Interest, Alleged Fraud As Kigo Land Saga Rages On
Kiham Enterprises Uganda Limited, a company partly owned by city businessman Hamis Kiggundu has insisted that it still legally owns the 140-acre Kigo land that has been under contention between Buganda Land Board and the company. Kiham, through its lawyers led by Fred Muwema of Muwema & Company Advocates, have further called for the prosecution…