Business - Page 30

Businessman Bitature: I am who I am because of Dr. Sudhir

In a rare moment of reflection and gratitude, Patrick Bitature, one of Uganda’s most accomplished entrepreneurs, has publicly acknowledged the profound impact of fellow business mogul Dr Sudhir Ruparelia on his journey in the corporate world. Speaking to youths about the significance of

March 18, 2025

Business·Crime

Big Fraud! Gov’t Tasked To Recover Over UGX15.7 Bn Wrongly Paid To Roko

Government has been tasked to recover the payment made to ROKO Construction totaling 15.72 billion Shillings irregularly paid in regard to the Nakawa-Naguru land. The payment is deemed irregular because claims by third parties against government were not allowed and ROKO could

May 21, 2022

Business·Crime

Top Buganda Land Board Officials In Hot Soup Over Conflict Of Interest, Alleged Fraud As Kigo Land Saga Rages On

Kiham Enterprises Uganda Limited, a company partly owned by city businessman Hamis Kiggundu has insisted that it still legally owns the 140-acre Kigo land that has been under contention between Buganda Land Board and the company. Kiham, through its lawyers led by

May 20, 2022

Business·Politics·Uganda

Parliament Enacts Shs48.1 Trillion First Post-lockdown Budget

Parliament has passed the Shs48.1 trillion budget for financial year 2022/23 with post Covid-19 economic recovery high on the agenda. Under the theme “Industrialization for Inclusive growth, Employment and Wealth Creation,” projected revenue base is Shs48.1 trillion to finance the budget. On

May 20, 2022

Business·Crime

Ugly Scenes As Link Bus Catches Fire Weeks After Fatal Accident

Police at Natete Police station last evening registered and responded to a fire outbreak, which happened at about 10 pm. The incident involved a Motor Vehicle Reg. No UBD 269A Scania belonging to Link Bus Services that was returning from Kasese to

May 19, 2022

Business·Politics

Parliament Rejects 5-year Income Tax Exemption On Bujagali, Orders Forensic Audit

Members of Parliament have declined to approve tax exemptions for companies, pending a report on its efficacy, allowing a one-year exception to the Bujagali Hydropower Project, which they have also placed under scrutiny for apparent false accounting. Bujagali, which sought to have

May 19, 2022

Business

Museveni To Address Ugandans On Skyrocketing Prices This Sunday

President Museveni is expected to address the country this Sunday at 8pm as Ugandans expect a glimpse of hope amid skyrocketing prices of fuel and essential commodities Ms. Lindah Nabusayi, the Senior Presidential Press Secretary confirmed this in a Thursday morning tweet

May 19, 2022

Business

Ministers, Land Commission Liable For Naguru-Nakawa Land Saga

Parliament has adopted recommendations of the Ad hoc Committee on the Naguru-Nakawa land holding several current and former ministers and the Uganda Land Commission liable for the illegal land dealings. The report presented by Committee Chairperson, Hon. Dan Kimosho on 18 May

May 19, 2022

Business

Parliament Directs Govt To Terminate Vinci Coffee Deal

Parliament’s Committee on Trade has directed government to terminate an agreement it signed recently with Uganda Vinci Coffee Company Limited. Parliament has described the agreement as illegal and demanded that “officials who committed Government to such illegalities should be penalized as a

May 19, 2022

Business

A Sneak Peek Into Sudhir’s Ruparelia Group of Companies, Here Are Businesses Under the Conglomerate

Since its inception, the Ruparelia Group of Companies has been committed to the establishment and development of innovative pioneering and enduring businesses among various sectors in Uganda, including:Financial services, hospitality, conventions and leisure centres, education, real estate, media & advertising, Agriculture and

May 18, 2022

Business

Dfcu Chief Executive Katamba Bows Out As Uganda Bankers’ Association Chair

Members of Uganda Bankers’ Association (UBA) a few days ago held their annual general meeting and elected Sarah Arapta, as the new Chair taking over from Dfcu Bank Chief Executive Officer Mathias Katamba who has served for two years (2020 & 2021).

May 17, 2022

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