Equity Bank Uganda denied having ever facilitated or engaged in facilitating any illegal cover to have Equity Bank Limited and Bankone Limited engage in financial institutions business in Uganda. Peter Kamya, an architect, has asked Justice Boniface Wamala to disqualify himself from hearing Simbamanyo House cases, citing bias. “The judge has not conducted himself in…
By Musaazi Namiti Kampala: The governor of the Bank of Uganda (BoU), Emmanuel Tumusiime-Mutebile, has a dazzling array of awards to his name, and enumerating them requires a fair bit of time. I will take a quick look at the awards and then pose the million-dollar question: How can an award-winning governor be the same…
City architect Peter Kamya, who is the proprietor of Simbamanyo Estates, has chickened out on his fight to rescue the building called Simbamanyo House, which houses the Ministry of Gender, Labour and Social Development. The building was a few days ago bought by tycoon Sudhir Ruparelia’s Meera Investments Limited, at USD5m, about Shs18.5Bn, after it…
External Labour Recruitment Companies, under their association of Uganda Association of External Recruitment Agencies (UAERA) have resolved to officially close business in the country, citing continued closure of their business by government. The government in June this year announced that it will not engage in job recruitments training and suspended all externalisation of labour due…
City architect Peter Kamya, who is the proprietor of Simbamanyo Estates, has chickened out on his fight to rescue the building called Simbamanyo House, which houses the Ministry of Gender, Labour and Social Development. The building was a few days ago bought by tycoon Sudhir Ruparelia’s Meera Investments Limited, at USD5m, about Shs18.5Bn, after it…
The Kampala High Court has temporarily blocked the execution of the recent ruling against Diamond Trust Bank by the court’s commercial division. The Commercial court Judge, Henry Peter Adonyo had ruled last week that DTB Kenya (DTBK) acted illegally in lending money to Ham Enterprises owned by businessman Hamis Kiggundu, through Diamond Trust Bank Uganda.…
On 1st October 2020, Uganda reopened Entebbe International Airport and other entry points after President Yoweri Museveni eased on COVID-19 restrictions. The news about reopening of borders threw players from various sectors of the economy in a frenzy of excitement as it brought a new ray of hope to many, hoping that it was time…
Ivan Kituka, the Senior Manager Branch Performance and Customer Experience at Housing Finance Bank, (HFB) is living in danger after a very jilted and cuckolded husband who only identifies himself as Sozi, has threated to shoot him in the head and chest for bonking his wife. In a letter written by the said Sozi, titled…
The Uganda Police have arrested two suspects in connection with the cyber attack on the country’s two leading telecom companies and banks over the weekend. The two suspects are attached to Pegasus Technologies, a company that provides financial and billing solutions for various companies in Uganda. The suspects were arrested on Wednesday by the Criminal…
It is believed that family businesses account for 80% of companies globally but despite this milestone, according to researchers, only 30% survive to the second generation, 12% transit into the third generation and only 3% reach the fourth generation. This means that while many families start businesses, they quickly die once the proprietor dies. This…
