Browsing: Business

Crisis: Ugandans Cry Foul As External Recruitment Companies Resolve To Close Business

External Labour Recruitment Companies, under their association of Uganda Association of External Recruitment Agencies (UAERA) have resolved to officially close business in the country, citing continued closure of their business by government. The government in June this year announced that it will not engage in job recruitments training and suspended all externalisation of labour due…

Simbamanyo Estates Withdraws Case Stopping The Sale, Takeover Of Its Multi-Billion Property In Loan Dispute

City architect Peter Kamya, who is the proprietor of Simbamanyo Estates, has chickened out on his fight to rescue the building called Simbamanyo House, which houses the Ministry of Gender, Labour and Social Development. The building was a few days ago bought by tycoon Sudhir Ruparelia’s Meera Investments Limited, at USD5m, about Shs18.5Bn, after it…

Big Story: High Court Stays Execution Of Recent Commercial Court Ruling Of Ham-DTB Case

The Kampala High Court has temporarily blocked the execution of the recent ruling against Diamond Trust Bank by the court’s commercial division. The Commercial court Judge, Henry Peter Adonyo had ruled last week that DTB Kenya (DTBK) acted illegally in lending money to Ham Enterprises owned by businessman Hamis Kiggundu, through Diamond Trust Bank Uganda.…

Two Arrested On Suspicion Of Connection With Over Shs 20Bn Cyber Attack On UgandanTwo Leading Telecom Companies and Banks

The Uganda Police have arrested two suspects in connection with the cyber attack on the country’s two leading telecom companies and banks over the weekend. The two suspects are attached to Pegasus Technologies, a company that provides financial and billing solutions for various companies in Uganda. The suspects were arrested on Wednesday by the Criminal…

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…

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