Tropical Bank Uganda Limited, in partnership with its client IT Office [U] Limited, faces mounting pressure after failing to repay a loan of over Shs 6.84 billion, which has now swelled to Shs 21 billion. The loan was initially secured from Prime Finance Company Limited in March 2020, and the situation has sparked concerns over…
Uganda’s real estate landscape is undergoing a significant transformation, thanks to the visionary leadership of Dr. Sudhir Ruparelia and his Ruparelia Group. At the forefront of this change is the Pearl Business Park, a flagship project by Meera Investments, a subsidiary of the Ruparelia Group. This cutting-edge, sustainable Grade A mixed-use development is poised to…
The Fédération Internationale de Football Association (FIFA) has officially certified the newly reconstructed Nakivubo War Memorial Stadium, now rebranded as Hamz Stadium Nakivubo Memorial, marking a significant milestone in its transformation. The announcement by businessman Hamis Kiggundu, popularly known as Ham, on Monday, October 7, marks the stadium’s readiness to host high-calibre football matches on…
The Pakistani Embassy in Kampala has vehemently denied authorising the issuance of a diplomatic passport to embattled businessman Rugiirwa Katatumba, the son of the former honorary consul of Pakistan in Uganda, the late Bonney Katatumba Mwebesa. A statement released to address the controversy surrounding the embassy revealed that it has no connections with the businessman…
The National Resistance Movement (NRM) and the Sudan People’s Liberation Movement (SPLM) have entered a cooperation agreement to facilitate ideological training of the South Sudanese ruling party leaders here in Uganda at the National Leadership Institute in Kyankwanzi. The two parties resolved today Saturday in a high-level meeting that featured both leaders of the NRM…
The grand plan by State Minister for Investment and Privatization, Evelyn Anite to uproot the UIA Boss Robert Mukiza in order to protect her interests was properly orchestrated at the beginning of this year. It started with the Inspectorate of Government (IGG) surprise and dramatic raid at the Uganda Investment Authority (UIA) offices on January…
Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures and his country of destination was Canada. He got a breakthrough ten years ago when together with European friends founded Dennis Daniel Investment Group (DDIGL). On its website, the company says to have been at the heart of the development and growth for…
A client has accused DFCU Bank of forcing him to pay their initial 13 year mortgage loan in only two and a half years but only to hold onto his property titles. According to Daniel Dennis Ssemugenyi, a diasporan based in Canada, around 2018, with the help of his lawyers whom he gave powers of…
In a decisive response to the findings of the Inspector General of Government (IGG) report concerning the Kiteezi Landfill disaster,H.E the President of the Republic of Uganda has exercised his constitutional authority under Article 172 (1) (a) of the 1995 Constitution to dismiss several key officials of the Kampala Capital City Authority (KCCA) in the…
A top official at Lagan Group Limited, Andrew Bamanya has been fired over Integrity issues and controversially fueling confusion and mess in the development of the Kampala Industrial and Business Park (KIBP) in Namanve. Bamanya has been coordinating the activities of a UK based contractor, Lagan Group Limited, to develop the infrastructure for the Kampala…
