Business - Page 77

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·Crime

Trouble Looms! Ham Enterprises Further Defeats Diamond Trust Bank In The 120Bn Fraud Case At High Court

With full knowledge that the bank had carried out illegalities, it decided to call for an independent joint audit in trial to preempt the acts of illegality so as to save their illegality based and questioned defense. We can authoritatively report that

September 30, 2020

Business·Crime

Just In: Property Worth Millions Of Shillings Perish As Fire Guts Vita Foam Factory

A fire outbreak at Vita Foam Factory in Njeru, Buikwe District has left investors, residents and employees in tears after property worth millions of shillings was lost. According to reports, stroke in the wee hours of Monday September 28, 2020. The cause

September 28, 2020

Business

Big Story: Investors Cry Foul As Minister Betti Kamya Kicks Anite Out Of Investment, Takes Over Her Roles

Several investors in Uganda are crying foul and accusing the minister for Lands, Housing and Urban Development Olive Betti Kamya of overstepping her mandate and usurping the powers of Hon. Evelyn Anite, who is the State minister of Finance for Investment and

September 28, 2020

Business

Fighting a Losing Battle: Diamond Trust Bank Continues Threatening Witnesses In The 120Bn Fraud Case

The journey to cleaning Uganda’s Banking Industry is one that can only be undertaken by courageous Ugandans as there are some individuals using their institutions/associations to oppose the Banking Reforms being suggested by one of Diamond Trust Bank Uganda’s top client and

September 27, 2020

Business·News

M7: National Intellectual Property Policy Will Protect Innovators To Expand

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

September 24, 2020

Business

Panic! Two Concerned Citizens Demand For IGG Report On Ex BoU Officials Kasekende, Bagyenda

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

September 22, 2020

Business

Masaka Central Market Contractor given 45 Days To Complete Project

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

September 20, 2020

Business

President Museveni Nullifies Housing Finance Bank’s Fraudulent Sale Of NRA Hero Widow’s Property

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

September 20, 2020

Business

Joint Committee Rejects NSSF Direct Lending To Gov’t

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

September 17, 2020

Business

Meera Investment Sues City Architects FBW Ltd For Shs9.8Bn Over Breach Of Contract

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

September 17, 2020

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