Business - Page 23

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

NEMA, Speke Hotel Ltd Finally Agree On Measures For Sustainable Implementation Of Kitubulu Resort Project

The National Environment Management Authority (NEMA) has finally agreed with Speke Hotel (1996) Limited on measures for safeguarding the ecological integrity of Lake Victoria while implementing the Speke Resort project at Kitubulu, Katabi sub-county, Wakiso District. The approval followed the conclusion to

July 27, 2022

Business

Big Story: Leadership Crisis Hits BoU As Museveni Fail To Appoint New Governor

President Museveni’s failure to appoint a new Governor for the Bank of Uganda has left the institution exposed. Deputy Governor Michael Atingi-Ego has reportedly failed to stamp his authority on the institution which has been running under the leadership of the late

July 26, 2022

Business

Is Ugandan Gov’t Being Unfair To Local Companies Intending To Grow Medical Cannabis?

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

July 26, 2022

Business

PICTORIAL: Inside Sudhir Ruparelia’s Magnificent One-10 Apartments He Recently Put Up for Sale

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

July 26, 2022

Business

Don’t Give Us Excuses Over Your Incompetence, Cough Our Money – Shareholders Task Dfcu Bosses

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

July 25, 2022

Business

Business Talk: American Actor Terrence Howard Meet City Tycoon Sudhir Ruparelia

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

July 25, 2022

Business·Crime

Justice Mubiru On Spot For Shielding Centenary Bank In Shs50M Fraud Case

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

July 25, 2022

Business

Dubious Sale Of Crane Bank Is The Terrible ‘Financial Game’ Central Bank Will Regret For Lifetime

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

July 24, 2022

Business·News

End Of Era! Dfcu Sinks As Major Shareholders Quit Troubled Bank

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

July 23, 2022

Business

Here Is Why Government Should Punish Ex BoU Officials Over Irregular Closure of Crane Bank, Other Six Commercial Banks

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

July 22, 2022

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