Browsing: 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 tragedy is that the debt is now a little shy of hitting a…

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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 he genuinely owns Plot 24, Kampala road. The Departed Asians Properties Custodian Board…

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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 on Monday, 03 May 2021. The Vice Chairperson of Parliament’s Committee on Finance,…

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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 (KACITA), an umbrella organization that brings together traders in Kampala. The president made…

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