The state Minister for Investment, Hon. Evelyn Anite has commended Lagan Dott a company which was contracted to improve infrastructure in the industrial Park for tremendous work done so far. “I am quite impressed, i saw the place when it was really swampy and bushy but now it has got the tarmac which are standing…
The permanent home of Uganda Investment Authority’s One-Stop Centre for Investors has now opened its doors at its permanent home in the Uganda Business Facilitation Centre (UBFC). The Centre (UBFC) is located on Plot 1, Baskerville Avenue in the suburb of Kololo, just over two kilometres to the northeast of Kampala City Centre. In addition…
On Thursday 3rd August 2023, the Uganda Investment Authority hosted a media breakfast meeting at the Uganda Business Facilitation Center, highlighting the invaluable role of the One Stop Centre. Distinguished attendees included Hon. Anite Evelyn, the Minister of Investment, URA Commissioner General Musinguzi Rujoki, Director General Robert Mukiza, and Chairman of the Board of Directors…
A London Court of Appeal has ordered dfcu Bank, its holding company, dfcu Limited, as well as dfcu Bank’s former board chairman, Jimmy Mugerwa (now dfcu Limited Chairman), Juma Kisaame and William Sekabembe, the bank’s former Managing Director and Executive Director respectively, to pay shareholders of the former Crane Bank Limited (CBL), £1,875,000 (UGX8.8 billion)…
Crane Bank and its shareholders are on cloud nine following a Wednesday ruling where the Court of Appeal from the High Court of Justice, Business and Property Courts in England, overturned the lower court’s decision, which had exonerated DFCU bank and its shareholders from accusations of fraudulently taking over Crane Bank. In a statement inked…
The board of Directors of the embattled Dfcu-Bank has sacked its Acting Executive Director who doubled as chief commercial officer, William Ssekabembe. The company secretary, Angelin Namakula Ofwono, revealed his sack announcement. Ssekabembe with an experience of over 24 years in the banking sector leaves the struggling bank after 11 Years of service at DFCU…
Uganda is gearing up to host the prestigious 2nd G-25 Africa Coffee Summit (ACS) which is set to be a platform for showcasing the continent’s vast coffee potential in the world. The conference organized by the Ministry of Agriculture Animal Industry and Fisheries (MAAIF) in collaboration with the Inter-Africa Coffee Organization (IACO) will be at…
3 revered judges of the Court of Appeal in London are astonished that a group of dubious, corrupt and deceitful officials from the Bank of Uganda who designed a plan to steal and sell off Crane Bank Limited (CBL) are not in prison. And one of the recommendations highlighted in the Wednesday judgment by the…
City Tycoon and Banking Mogul Dr Sudhir Ruparelia, together with six (6) other stakeholders of the now-defunct Crane Bank are set to pocket billions after a major victory against DFCU Bank in an England court. The other appellants are; Jyotsna Ruparelia (Sudhir’s wife), Meera Ruparelia, Rajiv Ruparelia, Tom Mugenga and Sheena Ruparelia. The sixth appellant…
The Court of Appeal from the High Court of Justice Business and Property Courts in England has issued a judgement quashing an earlier decision by the lower court exonerating dfcu bank and its shareholders from fraudulently taking over Crane Bank. The Court of Appeal contends with businessman Sudhir Ruparelia and six other applicants that dfcu…
