Uganda Revenue Authority (URA) Commissioner and Corporate Affairs Mr. Ian Rumanyika has resigned his position. Rumanyika has on Tuesday, April 5, 2022, left Uganda Revenue Authority where he served as Manager Public and Corporate Affairs. He has been in this position since January 2011 was set to leave the tax body today, 5th April 2022.…
Speke Resort Munyonyo yesterday hosted representatives from the Governments of Uganda and Kenya in a bilateral experts meeting on cooperation in defence and security. Speke Resort Munyonyo and Munyonyo Commonwealth Resort have for long been favourite venues for conferences in Uganda. Every year the magnificent facilities at the hotel welcome thousands of visitors attending major…
The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of the decision on the national Treasury and on Ugandans generally, while…
The management of Ruparelia Group of Companies under the chairmanship of Dr Sudhir Ruparelia is currently undertaking a cluster of 6 projects at a cost of hundreds of billions of Uganda shillings. Ruparelia group is owned by Sudhir, Uganda’s richest businessman with his son Rajiv Ruparelia as the managing director. The 6 projects include; extension…
There is a new form of fraud in Kampala which is being perpetrated by revellers at bars that accept payments for services using Airtel money. Our investigators reveal that these fraudulent revellers enjoy services at bars, then pay for the same using Airtel money but later reverse the transactions after leaving the bar, thereby causing…
Mr. Zephline Muhangi the Italian Trade Promotion Advisor based in Uganda has attended an official meeting with the Leaders of the Indian Business Forum in Uganda at one of the business forum members’ hotel in Kampala. The leaders who attended the meeting which took place on March 28, 2022 include; Mr. Rajesh Kumar of Oxygas…
The Board of DFCU bank has suggested that no profits should be extended to the shareholders in the wake of enlisting a drop in profits of Shs11 billion last year. The banks General Manager George Ochom, said the board saw it wise not to dispense any dividends to shareholders so that it can keep the…
The new Board of Directors of Uganda Airlines Company Limited has been inaugurated, with officials cautioning them against corruption, mismanagement and abuse of office. The seven-member team which include Priscilla Mirembe Serukka (Chairperson), Samson Rwahwire, Herbert Kamuntu, Patrick Ocailap, Barbara Namugambe, Abdi Karim Moding, and Ebrahim Kisoro Sadrudin as initiated after taking the oath of…
City tycoon Hamis Kiggundu through his company Ham Enterprises Uganda Limited has made significant progress on his contemporary 500 modern housing project, Ham Palm Villas. The housing on a 200-acre land has a Clubhouse, swimming pools, Gym, Sauna and Steam, Salons and Barber shops, Healthcare facilities like Clinic and Pharmacy, Supermarket, a Fully Fledged Sports…
The National Social Security Fund has paid out Ushs78.8 billion to 4,417 eligible members to date, UGX 28.8 billion above its weekly target of UGX 50 billion, following mass application of the mid term benefit that started last week. Speaking to media at a press briefing today at Workers House, the NSSF Managing Director Richard…
