Award winning human rights lawyer Isaac Ssemakadde of -Center for -Legal Brains Trust has congratulated City tycoon, philanthropist Dr. Sudhir Ruparelia upon a landslide win. After years of endless battle in various courts of law in Uganda, the Bank of Uganda this week gave up against Sudhir and Meera Investments whom they had sued for allegedly…
Bugweri County Member of Parliament Abdu Katuntu has welcomed the ruling by Constitutional Court stripping of legal immunity from Bank of Uganda saying it was long overdue. Mr. Katuntu is a seasoned legislator who chaired the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) of parliament that investigated Bank of Uganda on the issue…
The Bank of Uganda (BoU) has decided to withdraw a Supreme Court appeal that was contesting the Court of Appeal’s dismissal of the case it filed on behalf of Crane Bank Ltd (in Receivership) vs. Sudhir Ruparelia and Meera Investments Ltd. In a September 15 notice of withdrawal, the Supreme Court Registrar indicates that BoU…
In a landmark ruling by the Constitutional Court, Bank of Uganda and it’s employees have lost immunity against legal proceedings and it can now be sued. Previously, BoU was protected by Sections 118 and 124 of the Financial Institutions Act which stated that; “No suit or other legal proceedings shall lie against the Central Bank…
Court has issued criminal summons against three Diamond Trust Bank (DTB) officials and Prince Karim Al-Husayn Shah, the Founder and Chairman of the Aga Khan Fund for Economic Development. Prince Shah Karim Al-Husayn Sha, the founder and chairman of the Aga Khan Fund for Economic Development, owning Diamond Trust Bank Group was summoned The Criminal…
Crown Beverages Limited (CBL), the bottlers of Nivana Packaged Drinking Water, Pepsi Cola, Mirinda, Mountain Dew, Evervess as well as Sting Energy Drink and The Federation of Uganda Football Association (FUFA) have today officially signed a memorandum of understanding in which Nivana will become the Official Water partner to FUFA. The Ushs. 500 million partnership…
Troubled Ex Simbamanyo building owner has lost another fraud case in which he sold the property in Munyonyo, took deposits and then sold the same property to a third party and refused to refund. According to the latest judgment by Justice David Wangutsi, troubled Peter Kamya was found guilty of selling a piece of land…
Hon Lt Gen James Mugira ; Managing Director of National Enterprise Corporation ,the business wing of Uganda Peoples Defence Forces ‘UPDF’ hosted H.E. Ambassador Kerem Alp the Turkey Ambassador to Uganda. The Ambassador was accompanied by Mr Sezgin Koral Counsellor for Interior Affairs and Col Ismail Demirtas Defence Attache to Uganda. The meeting was held…
With only days left its planned exit from the Ugandan market, Africell customers are left stranded as the telecom operator is not allowing customers to make any mobile money withdrawals. According to New Vision, an officer at the Africell Service Centre said all mobile money transactions are suspended for now as the company continues to…
The Ministry of Finance, Planning and Economic Development has warned ministries and government departments against relying on supplementary budgeting in the next financial year, saying it will not be easy for them. Minister Matia Kasaija told the National Budget Conference, that supplementary requests are making it hard for the ministry to plan and implement programs.…
