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.…
Parliament has adopted a raft of recommendations to revive the economy currently battered by the Covid-19 pandemic, key among is implementation of a Tourism Development Levy. “The Committee proposes a levy of $10 to be charged on each ticket for every person who departs from Uganda by air transport,” said MP Mwine Mpaka, in recommendations…
Uganda has one of the youngest populations on the planet, with 77%, the population being under 30 years of age. There is around 7,500,000 youth from the ages, 15-24 living in Uganda. However, according to Ruparelia Group’s Premier Recruitment Limited, the unemployment rate for this youth category is staggeringly above 80%. The company further says…
Stiff competition and high indebtedness have forced Uganda’s third largest telecom service company by subscriber base, Africell, to quit the country. The company say its services will stop on October 7, this year, according to a letter circulated to its employees, who will continue to be in employment until November 30. Africell Uganda says its…
Revenue streams for hotels and entire hospitality industry is no longer dominated by accommodation and what the kitchen has to offer but rather from a new cash cow – the Meetings, Incentives, Conventions and Exhibitions (MICE) tourism segment. The trend has not spared Uganda where, according to industry insiders, hotels are making a lot of…
