Business - Page 40

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·Crime

You Stole My Bank & Frustrated My Businesses – Furious Tycoon Sudhir Ruparelia Hits At Some Corrupt Bank Of Uganda Officials After Court Victory

Minutes after legally slaying Bank of Uganda, for the forth time, but this time for good, Dr. Sudhir Ruparelia, has hit at certain officials of the central bank for stealing his bank, unnecessarily dragging him to court and prolonging the case for

February 11, 2022

Business

UIA To Repossess Idle Land In Namanve Industrial Park

The State Minister for Investment and Privatization, Evelyn Anite has directed Uganda Investment Authority-UIA to repossess plots of land in Namanve industrial park that have not been utilized by investors. Anite who visited the park on Tuesday noted that five investors who

February 9, 2022

Business

Seyani Brothers Cited In Fraudulent Shs256Bn Contract For Construction Of JLOS Premises

The Contracts Committee at the Ministry of Justice and Constitutional Affairs has cited illegalities and gross fraud in the process employed in awarding the contract for the building of premises intended to house the Justice Law and Order Sector (JLOS). The committee

February 7, 2022

Business

It’s True Our Mighty Airbus Flew To US As Private Charter – Uganda Airlines Ag CEO Bamuturaki Speaks Out On Flight That Landed In Seattle

The Acting Uganda Airlines acting Chief Executive Officer Jenifer Bamuturaki has confirmed that Airbus A330-800neo landed in Seattle on Friday afternoon. This was the first time a Uganda Airlines plane flew to the United States. “It [flight] was by a client, it

February 7, 2022

Business

Dr. Ezra Suruma: Ugandans Will Remain Poor Until They Own Their Bank

By: Dr. Ezra Suruma Kampala: One of the most blatant aims of new colonialism (neocolonialism) is to ensure that Africans are denied access and control of capital. The evidence is overwhelming. It started in 1987 when the World Bank financed consultants to

February 6, 2022

Business

EDWIN MUZAHURA: Why Crane Bank Should Be Reopened Immediately!

With the great news of the Final Investment Decision being concluded this week at Kololo Airstrip, we must have already a fully Ugandan-owned Bank in play. Crane Bank was greatly supportive of small and Middle-sized Ugandan Businesses and Investments. If you ask

February 6, 2022

Business

Just In: Museveni Lifts Covid-19 Curfew On Bodabodas

President Yoweri Kaguta Museveni has directed that starting tomorrow, curfew restrictions for boda bodas are removed. President Museveni made the announcement during 41st Tarehe Sita celebrations in Mbale, where he said starting tomorrow Monday, at 6pm, boda boda riders are free to

February 6, 2022

Business

Uganda Airlines To Acquire A220s/E2s Jets

Uganda Airlines is planning to acquire its first narrow-body jets, interim chief executive Jenifer Bamuturaki has disclosed. The state-owned airline currently operates four two A330-800s and four CRJ900s, the ch-aviation fleets advanced module shows, on flights that connect its Entebbe/Kampala base with Burundi, Tanzania, South Sudan, Kenya, the DRC,

February 6, 2022

Business

Milestone: Uganda Airlines A330-800neo Makes Inaugural Flight To US Via Iceland

A Uganda Airlines Airbus A330-800neo landed in Seattle on Friday afternoon. This was the first time a Uganda Airlines plane flew to the United States thus making great progress. Seattle is a city on Puget Sound in the Pacific Northwest in Washington.

February 6, 2022

Business

Parliament Recommends Termination Of National Oil Firm Joint Venture Agreement

Parliament has recommended for termination of the joint venture agreement between a consortium of three companies and the Uganda National Oil Company (UNOC). This follows adoption of the report of the Committee on Trade, Tourism and Industry during plenary of Thursday, 03

February 4, 2022

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