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Business

Speke Resort & Convention Developer Finally Agrees With NEMA On How The Project Can continue without Compromising The Integrity Of Lake Victoria

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The National Environmental Management Authority (NEMA) has finally agreed with Speke Resort and the Convention Developer on how the project can continue without compromising the integrity of Lake Victoria. This website has learnt that NEMA Management Team and Board members visited the site on Wednesday March, 9, 2022 to assess how the project could exist…

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Museveni’s Cow Sold At UGX491m

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A cow traced back to President Museveni’s Kisozi Ranch herd sold for R2.1m (Shs491.5m) in an auction on Saturday on South Africa President Cyril Ramphosa’s ranch. According to the state-run New Vision, the three-year-old Ankole cow is called Fafa. Ramaphosa used artificial insemination by getting the embryos of 43 Ankole cows more than 15 years ago.…

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Big Story: Uganda Airlines To Save Over UGX 905M Monthly After Starting Self-Handling Project In the First Quarter Of 2022

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Uganda Airlines has revealed that it is set to roll out its Self-Handling Project before the First Quarter of 2022 ends. This was confirmed by Shakila Rahim Lamar, the Corporate Affairs & Public Relations Manager at Uganda Airlines in a recent interview. “This will involve passenger, baggage and cargo handling, maintenance, security, and general ground operations,” Lamar…

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Women’s Day 2022: Jyotsna Ruparelia To Headline Indian Women Entrepreneur Conclave, Applauds Women For Their Pivotal Role In Economic Transformation Across The Globe

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While Celebrating International Women’s day, Businesswoman, entrepreneur, and wife to city tycoon Sudhir Ruperala, Jyotsna Ruparelia has applauded fellow women for their big roles in economic, social, and cultural development not only in Uganda but across the Globe. In her international women’s day message, Jyotsna noted that women should be celebrated for their visionary, courageous,…

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UGEFA: Green Businesses Given Last Chance To Grow & Transform Economy With EU Funded Accelerator

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The EU-funded Uganda Green Enterprise Finance Accelerator (UGEFA), which provides sustainable Ugandan enterprises with support to scale and contribute to a green and inclusive economy, has today announced that it is accepting applications for its fourth and final cohort to join its programme. UGEFA is seeking high-potential small and medium-sized enterprises looking for debt finance to…

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ANDREW MWENDA: Sale Of Crane Bank To DFCU Will Go Down In History As The Most Fraudulent Transaction By BoU

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On February 11, businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The central bank closed Crane Bank in October 2016 claiming it was undercapitalised. The latest ruling is a culmination of a running battle between the central bank and Sudhir for four…

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BoU, Crane Bank Saga: Supreme Court Confirms Auditor General’s Report Shs 397 Bn Was Swindled By Greedy BoU Officials In Bank Sale

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Supreme Court ruling on Bank of Uganda versus Sudhir Ruparelia in Shs 397 billion case confirms Auditor General’s report that BoU officials swindled the cash in CBL sale. The Supreme Court on February 12, 2022 upheld the earlier rulings of the High Court and Court of Appeal that the Bank of Uganda (BoU) must pay…

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Coughing Sudhir’s Bank Is A Must & Stand Warned Not To Contempt Court Orders! Tycoon Lawyers Pump More Pressure On Staggering Bank Of Uganda

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Pressure and panic from Bank of Uganda (BoU) officials continue to leak to the public over the recent Supreme Court ruling in which the Bank was ordered to ‘vomit’ mogul Sudhir Ruparelia’s Crane Bank but also cough to him billions of all the charges he has incurred in the last five years of endless legal…

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