Browsing: Business

Peter Kamya Loses Case Against Sudhir Ruparelia, Equity Bank As Court Dismisses His Application To Stop Transfer Of Simbamanyo Building

The Commercial Court has dismissed an application by city architect Peter Kamya in which he sought a temporary injunction stopping the sale or transfer of his property Simbamanyo house on Lumumba Avenue and Afrique Suites Hotel in Kampala. On October 8, 2020, Equity Bank sold Afrique Suites Hotel on Mutungo Hill to Luwaluwa at $4,350,000…

SPREAD THE STORY

Fuel Crisis: Kenya Deports Rubis CEO Jean Bergeron Over ‘Economic Sabotage’

The government of Kenya Wednesday signed deportation papers for Rubis Energie Kenya Managing Director Jean-Christian Bergeron as it fought back against oil marketers it accused of abetting a petroleum crisis through hoarding and higher exports despite shortages in their domestic retail outlets. High-ranking government sources told the Nation that the MD is accused of economic…

SPREAD THE STORY

Biomass to Electricity: Tears Of Joy As ERA Launches Pilot Project At Mulago’s Mwanamugimu Nutrition Unit 

The Electricity Regulatory Authority (ERA) has launched a Biomass-to-Electricity pilot project at Mwanamugimu Nutrition unit in Mulago Hospital. Dubbed Biomass to Electricity cooking, the clean cooking pilot project was launched Tuesday, April 12, 2022 and is intended to eliminate use of carbon-based fuel Like charcoal and firewood and replace it with clean cooking using electricity.…

SPREAD THE STORY

Uganda To Be Blacklisted Over Money Laundering

Uganda’s financial industry risks being blacklisted by international systems for failure to put in place measures that can effectively prevent financial crimes like money laundering. This is a requirement by the Financial Action Task Force (FATF), a global inter-governmental organisation on the initiative of the G7countries to develop policies to combat money laundering and terrorism…

SPREAD THE STORY

Pictorial: Excitement As ‘Historical’ Nakivubo Memorial War Stadium Construction Nears Completion

Days are numbered for football fans in Uganda to jubilate as the construction of multibillion and multi-purpose Nakivubo War Memorial Stadium, commonly referred to as Nakivubo Stadium, is swiftly progressing with the focus of being the leading stadium on the African continent. The mega arena is being developed by Uganda’s youngest tycoon and city Businessman…

SPREAD THE STORY

Foreign Companies Continue Reaping Big From Ugandan Cannabis As Gov’t Ignores Local Investors

Local investors in the country have continued to express their disappointments over the selective licencing of cannabis business that has been only allowed to be operated by foreign companies. In an investigative study and survey carried out by this website, it is reported and confirmed an Israeli company Together Pharma has already exported over 50 kilograms of…

SPREAD THE STORY

What AG Legal Opinion Means For COSASE Report On Departed Asian Assets

Attorney General Kiryowa Kiwanuka yesterday revealed that the recommendations contained in the Parliament’s Commissions, Statutory Authorities and State Enterprises (Cosase) report, regarding management of the properties of the departed Asians, cannot be implemented under the current law. “It was very clear, the recommendations by Cosase that they were asking us to do; were not tenable…

SPREAD THE STORY

Authorities Advise Bugolobi – Bandali Rise Residents To Relocate Instead Of Blocking Development

Residents in Bugolobi have been advised to relocate to other places of abode instead of blocking development of businesses in the area by complaining about noise pollution from bars. It should be noted that Bugolobi, a very busy Kampala suburb, is lined with several bars, restaurants and other business ventures. We have established that the…

SPREAD THE STORY
1 29 30 31 32 33 96