The Uganda Investment Authority (UIA) has bagged the prestigious Go Global Awards for its distinguished efforts in making Uganda the number one investment destination in the continent. The UIA Director General, Robert Mukiza received the news of the award, which has enhanced the country’s investment outlook, from Nina Escarda, the Senior Trade Commissioner of the…
Inflation is casting a long shadow over the EU, with rates surpassing 3 percent. The path ahead involves striking a balance between controlling inflation and fostering economic resilience. Inflation, the relentless rise in prices, has become a central concern within the European Union. With inflation rates breaching the European Central Bank’s (ECB) target of around…
Prison Officers and their spouses will get free financial literacy courtesy of Stanbic Bank Uganda. This transformative training lunched on Wednesday is aimed towards enhancing their personal economic progress. The programme follows discussions between Johnson Byabashaijja, the Commissioner General of Uganda Prisons and Anne Juuko, the Stanbic Chief Executive. Israel Arinaitwe, the Head of Private…
The long-standing financial dispute between City Young Tycoon Hamis Kiggundu and Diamond Trust Bank (DTB) has come to an end with all court cases dropped. In a closed meeting held between the two Giant C.E.Os; Hamis Kiggundu Group C.E.O Ham Group of Companies and Nasim Devji, the C.E.O of Diamond Trust BankGroup, the duo reasoned…
Kampala, (UG): A top Member of Parliament who subscribes to the ruling National Resistance Movement (NRM) party has gone off the public scene after coming to notice that she was conned over 700 million shillings in a fake gold deal. Hon Chekurut Rose Emma, the Woman Member of Parliament for Kween District in eastern Uganda is…
A declaration that there are no valid leases in respect of the properties. The said leases are therefore declared to be invalid and absolutely determined on account of breach and illegality. A declaration that the occupation and continued utilization of the suit properties by the first defendant constitutes trespass. That was the October 24 ruling…
Uganda’s top property mogul, Dr Sudhir Ruparelia through Meera Investments Limited (MIL), one of Uganda’s largest Real Estate Developers, has yet again unveiled a magnificent property; the Windsor House in Kololo aimed at catering for the high demand for grade-A offices in the prime Kampala’s urban neighbourhood. MIL is the property development arm of the…
In a groundbreaking verdict, dfcu Bank has been directed to vacate a set of prime properties owned by Mera Investments within the coming three months. Mera Investments is owned by prominent businessman Sudhir Ruparelia. This momentous ruling was issued by Justice Tadeo Asiimwe, a distinguished Land Division Judge at the High Court, following an extended legal…
Business tycoon Sudhir Ruparelia demands Dfcu Bank, the financial institution that took over management of Crane Bank in January 2017 to pay $8,660,462 (Sh32 billion) for rent arrears. Sudhir through his company Meera Investment Limited says the amount is in breach of the tenancy agreements in respect to plots 38 and 40A Kampala Road. Plot…
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