The growing of marijuana for medicinal use has attained legal status in many countries across the world including Africa where global pharmaceutical companies regard as the new frontier for growing the herb. In Uganda, local and international companies have expressed interest in growing the herb on a commercial scale to meet the demand in Europe,…
Meera Investment Limited, a real estate arm under Ruparelia group recently presented Uganda’s largest fabulous homes grand project, the ‘One-10 Apartments’ for sale. The luxury, high-end apartments are located in Kololo on Prince Charles Drive, one of Kampala’s most affluent and exclusive suburbs; a location home to many of Uganda’s diplomates and elite class, owing to its serene and secure environment. The breathtaking panoramic…
Earlier this year, Dfcu Bank announced that its shareholders will have to wait longer before they think of getting dividends for the year 2021 as the bank struggles to preserve capital. According to the bank’s latest audited financial results published recently, the bank’s overall profitability for 2021, was considerably affected by the loan impairments, which…
American Actor Terrence Howard has held a closed-door meeting with city businessman Sudhir, Ruparelia, Frank Tumwebaze, the Minister For Agriculture, Animal Industries and Fisheries at Speke resort Munyonyo. Although we are yet to reveal the details of the meeting, our sources confirmed that the two business giants are likely to ink a business partnership that…
The head of the High Court Commercial Division Justice Stephen Mubiru literally threw under the bus a bank client one Aida Atiku when he absolved Centenary Bank of any liability of fraud occasioned to Ms. Atiku’s account. On July 18th 2022 making a ruling in a case in which Aida Atiku had sued Centenary Bank…
Bank of Uganda (BoU) had a torrid 2017 as the Crane Bank saga weighed on the country’s central bank. What began as an everyday activity to supervise and regulate the banking sector when they took over and subsequently sold Crane Bank to DFCU turned out to be a big speck in the late Emmanuel Tumusime-Mutebile led…
Commonwealth Development Corporation (CDC) Group, the United Kingdom’s development finance institution recently announced its decision to sell its remaining 9.97% stake in the troubled dfcu bank. The shareholding was sold to IFU, the Danish development finance institution. CDC made its first investment in DFCU in 1964 as a founding partner to the bank and has…
The government of Uganda has not yet taken punitive action against Bank of Uganda (BoU) officials for the closure of seven commercial banks three years after the recommendation was made by Parliament. In 2019, Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE recommended that senior BoU officials be individually held responsible for the…
Two Ministers of Finance and Energy failed to show up to a scheduled committee meeting that sought answers on the government’s strategy to curb the escalating fuel prices. The committee on Government Assurance and Implementation led by Vice-chairperson, Hon. Joseph Ssewungu had called the ministers but none of them showed up for the meeting held…
Premier Recruitment Limited a local outsourcing firm has announced more jobs for Ugandan youths that will see them earn over Shs2.4 million per month. According to the poster, bike riders are needed in Dubai. The requirements for applying for the job include; CV, registration fee, passport, driving license, age (24-35 years), medical fitness, and fluency…
