Business - Page 35

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

Resourceful! Inside Ruparelia Group’s 6 New Multi-billion Projects

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

April 5, 2022

Business·Crime

Exposed: How Ugandan Revellers Diddle Bar Owners Through Airtel Money Fraud

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

April 5, 2022

Business

Italian Embassy Trade Advisor, Indian Association Uganda Business Forum Discuss Economic Bilateral Trade Ties

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

April 3, 2022

Business

DFCU Bank Registers Decline In Profit By 45% No Dividends For Shareholders

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

April 3, 2022

Business

Uganda Airlines New Board Of Directors Kicks Off Work

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

April 3, 2022

Business

Pictorial: Inside The Mighty Nearly Completed Ham Palm Villas

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

April 2, 2022

Business

NSSF Disburses UGX 78.8Bn In First Week Of Midterm Payments

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

March 24, 2022

Business

ERA Signs MoU With Uganda Prisons Service To Enable Prisons On Cooking

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

March 23, 2022

Business

Why Ugandans Should Praise & Embrace Dr Sudhir Ruparelia As He Moves To Reshape The City With Another Multibillion Swanky Hotel

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

March 23, 2022

Business

OP-ED/Legal Review: The Consequences For BoU Over Total Court Losses Vs Sudhir In Crane Bank Sale Fallout

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

March 20, 2022

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