President Yoweri Kaguta Museveni has said that National Intellectual Property Policy will give innovators the full protection of the law through patents, copyright, trademarks among others. According to H.E Museveni, this process will enable the innovators to earn their rightful recognition and financial returns for their toil and sweat. Gen.Museveni echoed that the ruling National…
Two concerned citizens have petitioned the Inspector General of Government demanding for a report into the investigation and prosecution of former Bank of Uganda Deputy Governor Louis Kasekende and former director of commercial banks supervision Justine Bagyenda. The report that is being demanded for also looked into the conduct of Benedict Kasekende, the BoU Director…
The minister for local government Rafael Magyezi has given the contractors of Masaka city market 45 days to complete and handover the market to traders. Multiplex Alshamas Constructions limited was in February 2018 hired to construct the market planned to accommodate over 2000 vendors at a cost of 18.45 Billion Shillings. The market was to…
The President of Uganda Museveni has intervened in a case where Housing Finance Bank is accused of fraudulently selling Widow’s Shs30Bn Estate at just 8Bn. According to aletter this website landed on, the President has since directed the Managing Director of Housing Finance Bank (HFB) to desist from attaching and auctioning a house belonging to…
A joint team comprising members from the finance and gender committees in parliament has rejected proposed direct lending by the National Social Security Fund (NSSF) to the government. The committee members say that this is intended to avoid abuse of member’s funds and conflict of interest. This is according to the main committee report on…
Meera Investments Ltd which is part of Ruparelia group has dragged city architects FBW (U) Ltd to court, demanding for over USD 2,672,579 in damages and a refund of USD132,750 (approximately Shs 9,818,651,500 in total) which is money his company paid them for work they refused to do. According to the document seen by this…
Prime Finance Company has dragged Fountain Publishers Limited to court over failure to pay an outstanding loan worth Shs43b. In two separate cases filed before the Commercial Division of the High Court, Prime Finance Company, accuses Fountain Publishers of breach of two loan agreements. According to court documents, in one file Prime Finance Company is…
Equity Bank, acting through Katende Ssempebwa & Co Advocate and AF Mpanga, Advocates, has said it will after October 7 proceed to sell properties contained in plots on Lumumba Avenue and Mutungo-Luzira, both within Kampala if Simbamanyo Estates fails to pay Shs11.5b. In a notice published yesterday, Equity Bank said Simbamanyo had until October 7…
The Uganda Communications Commission (UCC) has been dragged to court over its recent directive to have all online media registered by 5th October 2020. UCC recently asked all persons engaged in the provision of data online to regularise their operations by obtaining authorization from them (UCC) by 5th October this year. However, in his suit…
For years, many Ugandans have cried foul play by banks especially as regards illegal charges and debits internally done on their accounts without permission. Many of these business people go silent due to lack of capacity to sue these institutions but this is about to change with the recent ongoing case filed at the Commercial…
