Business - Page 64

Businessman Bitature: I am who I am because of Dr. Sudhir

In a rare moment of reflection and gratitude, Patrick Bitature, one of Uganda’s most accomplished entrepreneurs, has publicly acknowledged the profound impact of fellow business mogul Dr Sudhir Ruparelia on his journey in the corporate world. Speaking to youths about the significance of

March 18, 2025

Business

Exclusive: Tycoon Patrick Bitature Sweats Plasma, Seating Pants Over USD10m Debt Acquired From South African Money Lenders

Patrick Baguma Bitature, one of Uganda’s key local investors, needs our fervent prayers. A ten million United States dollar ($10m) debt he took from the mezzanine capital providers based in South Africa is threatening to wipe out his entire business empire. The

May 11, 2021

Business·News·Politics

MPs Approve Shs44 Trillion Budget For 2021/2022 Amidst Covid-19 Economic Crisis

Members of Parliament have approved a shs44.7 trillion budget for the 2021/2022 financial year, which has seen a decrease of shs714 billion for the first time compared to the approved resource envelope of 2020/2021. According to the report of the Budget Committee,

May 10, 2021

Business

Unjust Law Can’t Be Law: Diamond Trust Bank Stuck With An Illegality, Court Rules

Courts Don’t Hold The Discretion To Stand With An Illegality There was a mood of high expectation yesterday when we assembled at the Court of Appeal (COA) to receive its judgment in the Appeal filed jointly by Diamond Trust Bank Uganda and

May 7, 2021

Business

Dr. Sudhir Floors Custodian Board as COSASE Sub-committee Confirms He Is The Rightful Owner Of Plot 24 Kampala Rd

Estate Mogul, Dr Sudhir Ruparelia has been declared the rightful owner of Plot 24, on Kampala road. The sub-committee of the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) have exonerated property mogul Sudhir Ruparelia after its probe found that

May 7, 2021

Business·News

Ham: Relief For DTB As Court Orders For Retrial Of Controversial UGX 120Bn Case

Diamond Trust Bank Uganda and DTB Kenya have asked the Court of Appeal to set aside the decision of the Commercial Court directing them to refund more than 120 billion shillings to businessman Hamis Kiggundu or send back the case file to

May 6, 2021

Business

Court Of Appeal Set To Deliver Final Ruling On Ham Vs DTB Case

Court of appeal has announced that a judgment between Diamond Trust Bank (appellant) vs Ham Enterprises Ltd & others (respondents) will be delivered on the 5th day of May 2021. This comes after Diamond Trust Bank (DTB), filed an appeal against the

May 4, 2021

Business·News·Politics

MPs Pass Tax On Export Of Leaf Tobacco

Ugandan traders dealing in exportation of unprocessed tobacco leaf will now be required to pay a tax of about shs3,000 per kilogramme order to boost the currently undervalued business. This tax comes with the passing of the Tobacco Control (Amendment) Bill, 2021

May 4, 2021

Business·Crime

Uganda Airlines CEO, Top Bosses Fired Amid Huge Shake-up

The Minister of Works and Transport, Gen Edward Katumba Wamala, has ordered a section of the senior management team at the Uganda Airlines Corporation (UAC) to leave office for at least three months to allow for an internal investigation. According to sources,

May 2, 2021

Business

Video: ‘Keep it up Son! You Are A Blessing To Ugandans’- President Museveni Applauds Youthful Tycoon Hamis Kiggundu For Choosing To Invest His Accumulated Wealth Within The Country

The President of Uganda Gen. Yoweri Kaguta Tibuhaburwa Museveni has praised Youthful Billionaire Hamis Kiggundu alias Ham for choosing to invest his accumulated wealth into the Ugandan economy instead of becoming an importer like many other businessmen under Kampala City Traders Association

May 2, 2021

Business

Property Mogul Sudhir Ruparelia Set To Build 5 Star Hotel On Lake Victoria’s Paradise Island

Just a few days after announcing that he will be building a five-star hotel in the heart of Kampala, on Nile Avenue – the land where Kingdom Kampala mall is, property mogul Dr. Sudhir Ruparelia has yet again made a grand revelation

May 1, 2021

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