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…
The Electricity Regulatory Authority (ERA) has signed a Memorandum of Understanding (MoU) with the Uganda Prisons Service (UPS) to formalise a partnership between the two institutions (ERA and UPS) aimed at promoting and implementing a pilot project to allow UPS’ facilities to transit from using Biomass for cooking to using Electricity or cooking. The two…
Uganda is among the few countries with patriotic investors that do not brink when it comes to boosting their countries’ development. Among the few but heavily-loaded tycoons, Uganda is blessed is Dr. Sudhir Ruparelia aka money magnet who is the chairman of Ruparelia Group of Companies. Dr. Sudhir, also Nepal ambassador to Uganda is in…
An analysis by Cymbell Advocate, a commercial law firm in Kampala, questions the Bank of Uganda on the consequences of the lost cases against city tycoon Sudhir Ruparelia in the fight for the defunct Crane Bank which now is believed was illegally shut down and sold off by the Central Bank. On 30th June 2017…
Rwanda has dedicated 134 hectares to cannabis production, The New Times, a state-run news outlet in Kigali has reported. It was last year when the country publicly showcased its plans to start growing and exporting the plant and its products. To the effect of this, a Ministerial Order was gazetted in June, providing a framework for responsible…
The Parliamentary Committee on Trade And Industry led by Mbarara City South Member of Parliament Mwine Mpaka on Thursday March 17th, 2022 ordered the closure of two fuel stations, after it was discovered that the operators of the said stations were adulterating the fuel. Preliminary investigations indicate that several pump attendants were arrested while others…
