Crane Bank and its shareholders are on cloud nine following a Wednesday ruling where the Court of Appeal from the High Court of Justice, Business and Property Courts in England, overturned the lower court’s decision, which had exonerated DFCU bank and its shareholders from accusations of fraudulently taking over Crane Bank. In a statement inked…
The board of Directors of the embattled Dfcu-Bank has sacked its Acting Executive Director who doubled as chief commercial officer, William Ssekabembe. The company secretary, Angelin Namakula Ofwono, revealed his sack announcement. Ssekabembe with an experience of over 24 years in the banking sector leaves the struggling bank after 11 Years of service at DFCU…
Uganda is gearing up to host the prestigious 2nd G-25 Africa Coffee Summit (ACS) which is set to be a platform for showcasing the continent’s vast coffee potential in the world. The conference organized by the Ministry of Agriculture Animal Industry and Fisheries (MAAIF) in collaboration with the Inter-Africa Coffee Organization (IACO) will be at…
3 revered judges of the Court of Appeal in London are astonished that a group of dubious, corrupt and deceitful officials from the Bank of Uganda who designed a plan to steal and sell off Crane Bank Limited (CBL) are not in prison. And one of the recommendations highlighted in the Wednesday judgment by the…
City Tycoon and Banking Mogul Dr Sudhir Ruparelia, together with six (6) other stakeholders of the now-defunct Crane Bank are set to pocket billions after a major victory against DFCU Bank in an England court. The other appellants are; Jyotsna Ruparelia (Sudhir’s wife), Meera Ruparelia, Rajiv Ruparelia, Tom Mugenga and Sheena Ruparelia. The sixth appellant…
The Court of Appeal from the High Court of Justice Business and Property Courts in England has issued a judgement quashing an earlier decision by the lower court exonerating dfcu bank and its shareholders from fraudulently taking over Crane Bank. The Court of Appeal contends with businessman Sudhir Ruparelia and six other applicants that dfcu…
A new twist in the HAM vs DTB case is up again as Hamis Kiggundu alias Ham petitions the constitutional court challenging the outcome of the judgement of Supreme Court for being Unconstitutional and in contravention of several provisions of the constitution of the Republic of Uganda. Not long ago the country witnessed drama at…
In response to H.E. President Yoweri Kaguta Museveni’s directive for a more compelling presentation of Uganda and its products in foreign markets, Uganda Connect has emerged as a pivotal platform. The launch of Uganda Connect, a private sector-led brand and marketing drive, took place at Next Media Park, drawing investors, producers, farmers, exporters, and media…
Ham Enterprises through their lawyers of Muwema and Company advocates have petitioned the Constitutional Court Challenging the Supreme Court judgement of 13, June 2023. According to Ham Enterprises, the judgement was defective and unconstitutional as it Contravenes articles: 2, 20, 21, 28, 44, 126, & 128 of the Ugandan Constitution. Ham further contends that the…
Running an airline is one of the most risky ventures in the world and because of this, investors in most cases have to think twice or rather thrice before staking their money in any airline company. The airline business is not only so risky but also so expensive to maintain that very few individual businessmen…
