Browsing: Business

Govt Moves To Revive Cooperative Bank

Plans are underway to revive the Cooperative Bank, this is according to the State Minister for Cooperatives Fred Gume Ngoobi. Speaking at the launch of national celebrations to mark the International Cooperative Week at Lake Victoria Primary School- Entebbe, Ngoobi said a Cabinet paper to that effect has already been drawn and tabled. The Cooperative…

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Big Story! How Indians Arrested Selling Fake URA Invoices For Years Walk Scot-free After Paying Fine of Paltry UGX 20m

“Once a thief, always a thief,” goes an old African adage which demystifies how complicated it is to abandon a certain character or behaviour by an individual. This explains why Courts of Judicature most times downplay narratives by culprits arraigned before judges as “first time offenders” and therefore should be exonerated. They are either sentenced…

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How a Racket of Indian Conmen Jigar Chandarana, Friends Were Busted Selling Fake URA Invoices

Three Indians who are directors of Wellex Hardware Limited led by Jigar Chandarana were convicted by the Anti-Corruption Court in Kololo for generating and selling fictitious invoices. They were convicted on 5 counts of making false statements to a tax officer contrary to Section 58(1)(a) of the Tax Procedures Code Act, 2014. Each of the…

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Just In! Ham Enterprises Applies for Arrest of Scheduled Judgement on Request for Fair Hearing In Ham Vs DTB Case

Following the Summons by the supreme court on June 8, 2023, for the pre-hearing of the application for judgement on the admission of illegalities not substantially addressed by the court of appeal which unfortunately outside standard court procedure, Hon. Justice Elizabeth Musoke shocked the court by saying the Chief Justice instructed her not to entertain…

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Sudhir’s Rental Arrangements With Government Departments Do Not Violate Any Rules

Government departments renting space from Kampala tycoon Sudhir Ruparelia’s vast real estate projects don’t violate laws. Kira Municipality Member of Parliament Ibrahim Ssemuju Nganda was a few days ago quoted as suggesting that government departments shouldn’t be renting space from the businessman’s properties. But experts and public commentators say the businessman, also one of the…

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Ham Vs DTB Case: Supreme Court Sets Dates For Pre-hearing, Summons 17 Law Firms!

The Supreme court has summoned lawyers from 17 law firms for a pre-hearing conference scheduled to commence this week on Thursday. The conference, presided over by Lady Justice Elizabeth Musoke, aims to address legal matters and establish the framework for arguments and submission timelines in civil applications. The summons signed by Supreme court registrar Harriet…

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Museveni Commends OPUL Over Development

President Yoweri Kaguta Museveni Tibuhaburwa has applauded Oil Palm Uganda Limited (OPUL) for its transformative agenda. Addressing thousands of Oil Palm Growers under their umbrella body Kalangala Oil Palm Growers Trust (KOPGT) at Kibanda Primary School grounds on Friday,a jovial Museveni revealed that he does not regret encouraging islanders to embrace oil Palm Growing. “Initially…

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Adamant: MAF Defies President M7’s Directive For Govt To Repossess Kajjansi Airfield

Mission Aviation Fellowship is on the spotlight for defying president Yoweri  Kaguta Museveni’s directive of handing over Kajjansi Airfield to Government of Uganda. On top of defying the presidential directive, MAF management has continued mistreating other users of this air field to an extent of over charging them. WHAT YOU NEED TO KNOW? In February…

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