The 120Bn fraud case filed by Ham Enterprises against Diamond Trust Bank Uganda and Diamond Trust Bank Kenya, continues at the Commercial Division of the High Court. On August 28, 2020, Ham Enterprises through lawyer Fred Muwema filed a preliminary Objection asking the court to dismiss the defendants defense on basis of its illegality background.…
By Fred Mwebya All over the world, countries grow and develop as a result of how strong and respected their systems and structures are. There is no doubt that fundamental growth and development depends on the prevailing economic, political and legal structures of a given nation or community. Unfortunately in many African communities little attention…
Emerging Proof reveals Diamond Trust Bank’s unlawful operations in total defilement of Financial Protection Acts of both Uganda and Kenya amounting to an illegality. In a formal way, the Bank’s operations are directly monitored and supervised by Central Banks of a given nation. This means that the central bank is also in charge of giving…
Uganda Revenue Authority ‘URA’ has officially appointed Mr.Abel Kagumire as the new commissioner of Customs, replacing Mr Dicksons Kateshumbwa who resigned recently. With his rich experience, Mr.Kagumire, previously served as Assistant Commissioner Customs Audit and Manager Customs at URA.He has served in the tax body for more than over 17 years with unparalleled clean record.…
Officials from the Uganda Revenue Authority (URA) and the Uganda National Bureau of Standards (UNBS) have come under the spotlight after being accused of allegedly abetting the smuggling of Kenyan salt into Uganda. This website last week published an investigative article in which we revealed how salt known as ‘Kay Salt’, which is branded ‘For…
By Hamis Kiggundu Why do Ugandans come to banks rich with properties they pledge as securities and leave poor? Does it imply that all Ugandans are poor business Managers? Or the problem is with the System? My arguments on the call for banking reforms were specifically based on facts, reality within realistic current prevailing circumstances…
The threat of economic downturn caused by the Coronavirus pandemic has forced companies to devise means of survival. One of such company is Light Over Light Capital (LOLC) Finance Uganda which has gone into launching phone applications to alleviate the difficulties faced by farmers and business people in rural areas. The Company yesterday launched this…
The Uganda Human Rights Commission has asked government to amend the law introducing Over the Top tax and suspend it during the electoral period in order to make internet more affordable and accessible. Dr. Katebalirwa Amooti Irumba, the acting chairman of the commission told journalists today that it is necessary to scrap the tax in…
Government has threatened to halt public transport for failure to adhere to standard operating procedure (SOPs) peddled at curbing the spread of Covid-19 pandemic. According to the minister of works and transport, Gen Katumba Wamala, passengers, boda-boda cyclists and taxi operators are undermining SOPs which include; wearing face masks, sanitizing, keeping social and overloading. “Fellow Ugandans, it…
For the very first time since March 2020 when the smuggling of Kenyan salt brand with ‘FOR SALE IN KENYA ONLY’ inscription intensified, Uganda National Bureau of standards (UNBS), the Government’s regulatory Agency responsible for enforcement of quality, standardization and assurance, and Uganda Revenue Authority (URA), another powerful Gov’t agency responsible for enforcement of tax…
