Bank of Uganda has officially quit the case involving city tycoon Hamis Kiggundu alias Ham and Diamond Trust Bank, in which he accuses the financial institution, together with its parent bank, Diamond Trust Bank Kenya, of illegally withdrawing over Shs128Bn from his company accounts. Bank of Uganda had applied to join the case as Amicus…
In a bid to curb unemployment in the country, Premier Recruitment Limited has again sourced over 850 job offers for Ugandan youths to work in Qatar. This was confirmed in a letter dated 3rd February 2021 addressed to Premier Recruitment, from Aletqan Manpower company based in Qatar that wants 100 mechanical Technicians, 50 Plumbers, 100…
Officials of Bank of Uganda and Diamond Trust Bank have landed in trouble after investigators in the Ham Vs Diamond Trust Bank discovered that they allegedly conspired to shield an illegality. It should be noted that on January 27th 2021, the first reading of the Ham Vs DTB case Appeal in which DTB is challenging…
One of the most important gifts idea lovers can extend to their partners is an outing at an idyllic and romantic setting like Forest Cottages located at Naguru Hill, Old Kira Road, Bukoto. Such an outing brings them together and offers them an opportunity to rekindle their relationship; they get a chance to talk and…
The appellate judges handling the Ham Vs DTB that include: The Deputy Chief Justice Richard Buteera, Justice Kenneth Kakuru and Justice Christopher Izama Madrama have strongly warned and cautioned parties involved to desist from trying to compromise the judiciary. It should be known that Diamond Trust Bank appealed the October 2020 High Court judgement, since…
The Ministry of Gender, Labour and Social Development has approved Premier Recruitment Limited’s request to export labour hence providing employment opportunities to Ugandans who want to work abroad. According to a letter from Lawrence Egulu, on behalf of the ministry’s permanent secretary, they have evaluated and approved Premier Recruitment Limited to export 200 workers to…
Anger is boiling up among the external recruitment agencies in Uganda after the government asked them to help fund the cash trapped Uganda Embassy in Saudi Arabia to help handle the distressed migrant workers. According to Uganda Association of External Recruitment Agencies (UAERA) Chairman Baker Akantambira, the Ugandan Embassy in Saudi Arabia has run out…
The chairperson of Finance Committee of Parliament Hon. Henry Musasizi is suspicious that the government could be siphoning funds meant for the recapitalization of the Central Bank. He disclosed his suspicions during a meeting between legislators on the Budget Committee, officials from the Ministry of Finance and the National Planning Authority led by Finance Minister,…
City Tycoon and Kampala’s biggest landlord Dr. Sudhir Ruparelia has yet again offered Kampala people with an exclusive offer to allow startup and small scale business thrive amidst the covid-19 economic effect. Through his real estate property conglomerate, Crane Management Services, it is now easier for Ugandans looking to start a business in the city…
Borrowers and owners of the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda irregularly and at giveaway prices, will have to wait a little bit longer for justice to be served. According to CEO East Africa Magazine reported that the Office of…
