Business - Page 22

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·News

Cannabis & Money: An Inside Look At How Other African Countries Are Happily Minting Trillions From The Multi-Dollar Business That Sleepy Uganda Has Failed To Legalize

A growing number of countries in Africa are looking to cannabis as the ticket out of poverty, and foreign investment for this sector has flooded in. Voices in the global industry are increasingly anticipating a cannabis boom on the continent. There are

August 1, 2022

Business·Crime

MS MARGARET KAGGWA KASULE UNDER FIRE: Here Is Why Bank of Uganda Legal Boss Must Be Held Responsible For The Court Gamble

The landmark victory for billionaire Sudhir Ruparelia against Bank of Uganda in the battle for the ‘Crane Bank’ was expected. The ruling however left many asking who was advising the Bank of Uganda on legal matters. This follows the assessment of several

August 1, 2022

Business·Crime

Deep Trouble: Equity Bank Bosses At It Again As CEO Mwangi Secures Court Order To Escape Arrest

Equity Bank chief executive officer James Mwangi has secured a court order blocking his possible investigation or arrest over a disputed multi-billion shilling property in the high-end Muthaiga estate in Nairobi. Mwangi, who has served Equity Bank for 32 years, faces arrest

August 1, 2022

Business

Why NEMA Green-lighted Sudhir To Proceed With His Multi-billion Speke Resort Entebbe Project

On Thursday, the National Environment Management Authority (NEMA) finally agreed with the Ruparelia Group under businessman Sudhir Ruparelia on measures for safeguarding the ecological integrity of Lake Victoria while implementing the Speke Resort project worth over Shs370bn in Kitubulu, Katabi sub-county, Entebbe,

July 31, 2022

Business

Ugandan Billionaire Sudhir Ruparelia Ranked Among East Africa’s Asian Kings Of Cash

Across East Africa, and Africa as a whole, Asian entrepreneurs stand out for their success and longevity. According to one Aly-Khan Satchu, a Kenyan-Asian financial analyst and CEO of investment advisory firm Rich Management, Asian-owned companies have been embedded in the African

July 31, 2022

Business

Farmers In Western Uganda Counting Losses As Dry Spell Hits Hard

Farmers in the Ankole region are counting losses following the long dry spell that has taken a toll on their crop gardens. A number of farmers say that they have lost it all this season because of the inconsistent and intermittent rains

July 30, 2022

Business

Indian Community To Commemorate 50 Anniversary After Idi Amin Expel

On August 4, 1972, then former President of Uganda, the late Gen. Idi Amin, announced the expulsion of Asians from Uganda. Thousands of Indians who had heavily invested in Uganda and regarded it as their home, were forced to flee their country

July 30, 2022

Business

Foreign, Local Fish Dealers Clash Over Quality Concerns

There is a dispute between foreign and local silver fish dealers at Kiyindi landing site in Buikwe district over quality concerns. The dispute stems from a decision by the foreign traders mainly from Rwanda and the Democratic Republic of Congo-DRC to buy

July 28, 2022

Business

Gen. Museveni Orders Allocation Of 15 Acres To Investor For Hospital Construction

President Yoweri Museveni has directed Frank Tumwebaze, the Minister for Agriculture to allocate Turkish firm Beyler Group, 15 acres of land in Entebbe for the construction of a hospital. In his June 20th letter to Tumwebaze, Museveni says the Turkish Investment Group

July 28, 2022

Business

Is Atingi-Ego Not Creative Enough To Have Own Methods Of Supervising BoU Than Relying On What The Late Mutebile Left

Since being appointed the Bank of Uganda (BoU) Deputy Governor and has been acting as Governor, Michael Atingi-Ego has now raised the indicative Central Bank Rate (CBR), twice to the current 8.5 per cent, encouraging commercial banks to also raise interest rates

July 28, 2022

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