Browsing: Business

Down & Out! Gender PS Directs Ntambi, Other Top EOC Bosses To Handover Office

The permanent secretary in the Ministry of Gender, Labour and Social Development, Mr Aggrey Kibenge has directed senior officials of Equal Opportunities Commission (EOC) whose contracts have expired to hand over office immediately. The contracts for the EOC commissioners, including the chairperson, Ms Sylvia Muwebwa Ntambi, who renounced and abandoned the use of the name…

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Sexy Fairway Hotel Waitresses Make Men Drip With Blessedness After Staging Seductive Dances On Valentine’s Day

There was a stampede at Fairway Hotel on Valentine’s Day, after a bevy of dazzling waitresses and skilled waiters decided to stage an exotic dance show, as a special treat for their guests. The dance show, which was composed of contemporary musical scenes from India, Arabia and Africa, involved waitresses and waiters pulling very seductive…

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New Bill To Trim Powers of BoU Governor, Deputy Scrutinized

Michael Maranga Mawanda the Igara East legislator has presented  Constitutional Amendments Bill 2020 on the leadership composition at the Bank of Uganda (BoU). Mawanda’s bill comes after reports from the Public Accounts Committee (PAC) and Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) and the special audit report of the Auditor General on the…

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‘Stop Crying For Spilled Milk’-High Court Dustbins Simbamayo Estates Case Against Equity Bank In Loan Dispute

The High Court (Commercial Division department) has dismissed an application by (now ex) administrators of Simbamanyo Estates Limited in which they wanted the auctioning of its prime properties in Kampala which was meant for Equity Bank Ltd to recover outstanding loans worth $10.8 million (Shs40 billion) to be halted. Simbamanyo Estates Limited lost Afrique Suites…

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Maj Gen Sabiiti Muzeeyi Takes Over As General Manager Luwero Industries

The newly appointed General Manager of Luwero Industries Maj Gen Sabiiti Muzeeyi has taken over Office at the Industries Headquarters Nakasongola. The ceremony was presided over by the Managing Director, National Enterprise Corporation Lt Gen James Mugira. Maj Gen Sabiiti replaced Brig Gen Octavius Butuuro who has been appointed Deputy Commandant of the Senior Command…

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Ruparelia Group’s VCON Construction Secures Contract For UGX38 Billion UMEA Project

Ruparelia Group through its construction company VCON has been awarded a contract to construct a project for Uganda Muslim Education Association-UMEA after emerging the best bidders outof 14 other companies that expressed interest. Vcon Construction (U) Ltd in partnership with Ambitious Construction Limited Joint Venture has been awarded a contract by UMEA for construction of…

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Disgruntled Whistleblower Petitions Museveni Over Corruption At BoU, Sale Of Defunct Banks

A disgruntled whistleblower has petitioned the President of Uganda Yoweri Kaguta Tibuhaburwa Museveni seeking to investigate and prosecute former executives of Bank of Uganda (BoU), over allegations of involving themselves in corruption and the fraudulent sale of seven defunct banks. The petitioner, Sam Brian Kakuru, wants the president to institute an investigation into the operations…

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Disgruntled NGO Drags Law Firm ‘Sebalu & Lule Advocates’ To Court Over Shs120 Million Fraud

A local Non-Government Organisation (NGO) has dragged a reputable law firm in Uganda, Sebalu and Lule Advocates to court over fraud and continuous use of names whose founding members ceased to practice under it. The law firm was sued along with the Law Council mandated to regulate advocates and law firms in Uganda. According to…

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“Tax on Withdrawal of Money From Banks? I am Hearing This For the First Time’-Min. Kasaija Denies Own Letter As Netizens Roar

Uganda’s Finance minister, Mr Matia Kasaija, has refuted allegations of a plan by the government to start taxing cash withdrawals from banks. According to a February 9 letter written by Patrick Ocailip, the deputy secretary to the treasury in the Ministry of Finance directed to the Bank of Uganda Governor, the finance ministry is seeking…

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