Browsing: Business

Big Story: Ham Vs DTB Case Takes New Twists As FIA Grills Diamond Trust Bank Officials Over Tax Evasion, Money Laundering

The case  in city tycoon Hamis Kiggundu of Ham Enterprises accuses Diamond Trust Bank of illegally debiting over USD34M from his company’s accounts has taken  another twist after the Financial Intelligence Authority (FIA) grilled officials of the bank on Monday, about their roles in the matter. According to a letter seen by this website dated…

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All Set For Brand Africa, UIA  To Announce Most Admired Brands In Uganda & Africa  

On 25 May 2021, Africa Day, Brand Africa Will announce Africa, East Africa and Uganda’s most admired brands. This website have learnt that Brand Africa will also announce the brands admired for having been helpful during the COVID-19 pandemic.Brand Africa in conjunction with Publics Africa Communications and the Uganda Investments Authority, UIA, will unveil the…

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Busted: Bribes, Witch-hunt in COSASE Probe: Why At least 5 MPs Aborted Signing On Kasozi’s Report on Asian Properties

Five legislators who are among twelve subcommittee members on the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) didn’t append their signatures to ratify their participation in the investigations of operations of Departed Asian Property Custodian Board (DAPCB). The investigation which lasted for 2 years saw the subcommittee chaired by defeated Makindye East MP…

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Govt Approves Shs 1.4 Trillion For Kampala-Malaba Metre Gauge Railway Project

Parliament has approved a government request to borrow Euros 216.7 million from the African Development Fund (ADF), Euros84.41 million from the African Development Bank (ADB) and Euros25.9 million from the Corporate Internalisation Fund of Spain. The loan monies totaling to approximately shs1.4 trillion will facilitate the refurbishment of the Kampala-Malaba Metre Gauge Railway Project. According…

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