The Supreme Court has said it will at a later date rule on who between Bank of Uganda (BoU) and Crane Bank in receivership pays the legal costs to businessman Sudhir Ruparelia in the multibillion commercial dispute. This follows submissions by Mr Ruparelia’s lawyers led by Peter Kabatsi yesterday, asking the justices of the Supreme…
Recently, this website broke a story on how Bank of Uganda (BoU) wrote to the Supreme Court seeking permission to withdraw an appeal they had filed on June 23rd, 2020, against businessman Sudhir Ruparelia contesting Justice David Wangutusi’s 2019 ruling, in which he declared that BoU illegally wound up Crane Bank and sold it to…
In a bid to recruit more Ugandan youths for several job opportunities available in the middle-east and gulf countries, Ugandas leading Labour export company Premier Recruitment Limited has launched a special “Kyabise” Promotion campaign. According to the company, eligible Ugandans who apply and secure employment will win a free sponsored job in Saudi Arabia, where…
State House Health Monitoring Unit has arrested officials belonging to Al- Saud, a labour exporting company who were found selling fake Covid vaccination cards, Interpol certificates, passports and other travel documents. Dr Warren Namara who heads the Unit said in a statement, that on September 17, they received a tip off about a labour firm…
East Africa’s Kenya has announced via its Airports Authority that it will auction 73 aircraft for prices as low as $44.93 due to overstaying at four of its airports which according to them-owners have snored enough. According to an advert released by Kenya Airports Authority (KAA) they have already invited interested bidders for planes that…
Uganda Revenue Authority ‘URA’ has today handed over motorvehicle registration to Ministry of works and Transport (MoWT) following the Government decision to transfer the administration and management of the Motor Vehicle Registration function. The mandate to register and license motor vehicles in Uganda will be a responsibility of the Ministry of Works and Transport today.…
Labour export company Premier Recruitment Limited has received an order to recruit male taxi drivers, cleaners, general assistants, cargo loaders, airport handles and warehouse workers who will be employed to work in Dubai, Qatar and Abu Dhabi. The Capital Times have learnt that Premier Recruitment, a subsidiary of the Ruparelia Group, is already receiving and…
The Minister in Charge of Cooperatives in the Ministry of Trade, Industries and Cooperatives, Fredrick Ngobi Gume has said that Soroti Fruit Factory, the manufacturers of Teju Juice in the eastern district of Soroti is a dream come true. Gume was yesterday commissioning the new mango line at the factory when he said: “For every…
By Ben Ssebuguzi Social security of a country is one of the yardstick to measure if that country caters for lives of it’s working citizens.The stronger the fund,the stronger the welfare of it’s citizens. In East Africa,Nssf is one of the biggest with total Assets worth Ugx 15 trillions. What is social security? Social security…
Uganda Development Corporation (UDC), an Investment arm of the Government of Uganda will fund half of US$150 million for the setting up of a cement and marble factory in Moroto, Karamoja region. Dr. Patrick Birungi confirmed a commitment to fund the project. He said UDC will contribute 50% of the total cost while the rest…
