Business - Page 20

URA To Clamp Down On Container Agents Exploiting Small Traders

The Uganda Revenue Authority (URA) has announced a firm stance against exploitative practices by intermediaries commonly known as container leaders, who are accused of manipulating small and medium-sized traders through inflated fees, delayed shipments, and deceptive customs processes. This declaration came during

May 9, 2025

Business

PICTORIAL: An Inside View of Speke Resort Munyonyo – a Perfect Venue for Meetings, Conventions & Conferences

Whether you are looking for a venue for your next seminar, a conference, or simply a place to accommodate a meeting, training, or workshop, Speke Resort Munyonyo, and Common Wealth Resort conference spaces can provide a perfect environment where great ideas have

August 27, 2022

Business

“I Put Lots Of Money & 25 Years Of My Time and You Steal My bank! BoU & It’s Mafias Must Pay For Their Sins For Stealing My Bank – Sudhir

Several public officials, most recently Investment Minister Evelyn Anite have talked about “mafia” in government but one man Dr. Sudhir Ruparelia knows how to win against them. And unlike public figures who fear to mention the mafia, Sudhir didn’t shy away from

August 24, 2022

Business

Tycoon Charles Mbire Acquires More Stake In MTN

Businessman Charles Mbire has bolstered his stake at MTN Uganda after acquiring an additional 2,263,930 shares in the telecom company at a total cost of Shs 459,907,621.00 on the Uganda Securities Exchange. The purchase which took place on August 22 was evidently

August 23, 2022

Business

Half a Decade After Fraudulent Take Over Of Powerful Crane Bank, Staggering Dfcu Bank Stuck In Limbo

Recently, the board of DFCU Bank Limited appointed Dr Winifred Mary Tarinyeba Kiryabwire as the Board Chairperson amidst the bank’s staggering status that has seen it losing millions of customers. Remember that Winifred’s appointment was after the bank releasing its 2021 results

August 23, 2022

Business

Mogul Sudhir Ruparelia Shares Business Tips For The New-Normal Uganda, Tip 5 Will Surprise You!

It is no rumor that Dr. Sudhir Ruparelia is renown for his success in business and in the current global recession phase, UNECA estimates that the pandemic may result in 78% decline in GDP growth, from 3.2% to 1.8%. However, Dr Sudhir Ruparelia,

August 20, 2022

Business

What Rwanda’s Legalization of Cannabis Production Means To Her Economy As Ugandan Govt Ignores Potential Local Investors

The New Times Newspaper, a Rwandan media outlet last week reported that the East African country had secured over 134 hectares to aid the production and growing of medical cannabis, providing a huge step as the country moves to reap big from

August 20, 2022

Business

Big Storm: How DFCU Bank Was Dragged Down By Crane Purchase As Other Banks Report Stellar Profits

While Uganda’s banking sector recorded strong financial results for 2021, the Development Finance Company of Uganda (DFCU) Bank continues to reel from its acquisition of Crane Bank in 2017 and the fallout from the Covid-19 pandemic. The third-largest domestic bank in Uganda

August 19, 2022

Business

Judith Wangoic: WENRECO Not To Fault For Intermittent Power Supply In West Nile

Officials of West Nile Rural Electrification Company (WENRECO), the company that was contracted by government to supply power in West Nile, have blamed the power outages and intermittent supply in the sub-region on Nyagak’s failure to generate the 3.5 Megawatts due to

August 17, 2022

Business·Health

Cannabis Opportunities & African Countries Happily Minting Trillions From Growing, Exportation As Potential Ugandans Cry Foul With Licensing Amid Covid-19 Economic Set Backs

African farmers have been growing cannabis in Africa for centuries. Nevertheless, consumption of the plant for either medical or recreational purposes is banned almost everywhere on the continent. Recently, however, the growing global demand for medical cannabis has caused several African countries to rethink

August 16, 2022

Business

How Dr. Sudhir Ruparelia Slaughtered & Exposed Staggering Bank Of Uganda’s Fraudulent Scheme

In February this year, business magnate Sudhir Ruparelia left Bank of Uganda (BoU) nursing wounds after slaughtering it in a 5yr court battle which ended in his favor. Now, due to readers’ demand, we summerize for you the entire saga and what

August 15, 2022

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