Business - Page 75

Businessman Bitature: I am who I am because of Dr. Sudhir

In a rare moment of reflection and gratitude, Patrick Bitature, one of Uganda’s most accomplished entrepreneurs, has publicly acknowledged the profound impact of fellow business mogul Dr Sudhir Ruparelia on his journey in the corporate world. Speaking to youths about the significance of

March 18, 2025

Business

Sanyu FM’s Chief Operations Officer ‘Betsy Mugamba’ Fired For Leading Strike Against Salary Reductions, Allegedly Diverting Stations Funds To Personal Use

After the firing of James Onen aka Fatboy, tycoon Sudhir Ruparelia has fired yet another ‘Big Fish’ at Sanyu FM, identified as Betsy Mugamba, who was one of the top managers, for having been one of the ringleaders of the general staff

October 26, 2020

Business

M7 Hails Amina Hersi For Setting Up Multi Billions Atiak Sugar Factory

President Yoweri Kaguta Museveni has commissioned Atiak Sugar Factory in Amuru District. The factory is owned by entrepreneur Amina Moghe Hersi, while government holds 41 percent shares through the Uganda Development Corporation. Gen Museveni said that for a country to industrialise, it

October 24, 2020

Business

On Spot: Asians Custodian Board Under Probe As Over 15 Billions Go Missing From Account

Panic has engulfed the custodian board after it has emerged that Shs 15 billion was mysteriously withdrawn from the Departed Asians Property Custodian board accounts by the unknown persons. The development came after Members of Parliament on the committee Commissions, Statutory Authorities

October 23, 2020

Business

Simbamanyo Estates Loses Another Afrique Suites Hotel Over $10.8 Million Loan

Simbamanyo Estates Limited has lost another property, Afrique Suites Hotel over a $10.8 million loan acquired from Equity Bank. Recently, the Estate lost Simbamanyo House located on plot 2 Lumumba Avenue after it failed to service the loan. The building had been

October 19, 2020

Business

Judge Asked To Step Aside In Simbamanyo House Case

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

October 19, 2020

Business

How Award-winning Governor Mutebile Is Running An Incompetent Central Bank

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

October 19, 2020

Business·News

Borrower Gives Up On Fight For Simbamanyo House, Withdraws Case From Court

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

October 18, 2020

Business

Crisis: Ugandans Cry Foul As External Recruitment Companies Resolve To Close Business

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

October 17, 2020

Business

Simbamanyo Estates Withdraws Case Stopping The Sale, Takeover Of Its Multi-Billion Property In Loan Dispute

October 16, 2020

Business

Big Story: High Court Stays Execution Of Recent Commercial Court Ruling Of Ham-DTB Case

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

October 13, 2020

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