Business News
NRM National Treasurer Ambassador Barbara Nekesa Rallies Busia Religious Leaders To Support Wealth Creation Projects
The National Resistance Movement (NRM) National Treasurer Ambassador Barbara Nekesa,in a strategic move to rally religious leaders in the fight against poverty, has called on the clergy to incorporate messages of wealth creation into their sermons. This initiative was underscored during a courtesy visit from a delegation of religious leaders from Busia District, who met…
Presidents Museveni,Hassan Sheikh Mohamud Sign SOFA Pact To Maintain Peace & Security In Somalia
President Yoweri Kaguta Museveni has committed to continue supporting the Federal Republic of Somalia in her efforts towards total peace and stability. The President made the commitment on Saturday, October 19, 2024, during bilateral talks with H.E. Hassan Sheikh Mohamud of the Federal Republic of Somalia, at State Lodge, Nakasero in Kampala, who is in…
Negligence: Four Soldiers Sentenced For Not Safeguarding Military Gear
The 5 Infantry Division Court Martial, presided over by Col Peter Musherure, has sentenced Private Odeyeka Bernard, aged 31 and a member of the 103 Battalion, to two years in prison for failing to protect war material, in violation of section 120(1) 1(2) cap 330 of the UPDF Act. Private Bernard admitted guilt, acknowledging his…
Atiak Sugar Factory Scandal: Angry Ssenyonyi Wants Tycoon Amina Hersi To Account For 553Bn Govt’s Money Spent On The Project
Hon.Joel Ssenyonyi,the Leader of the Opposition in Parliament has said there is nothing to show for the Shs553.71 billion that government has progressively sunk into Atiak Sugar Factory, and demanded that it explains the investment in the factory that has since failed to break even. “This is a project that excited many people, because it…
Staff Affected By Rationalisation Will Cause Chaos To Economy- Speaker Among Warns Public Service
Speaker of Parliament Anita Among has made a case for the placement of staff affected by the ongoing rationalisation of government agencies. In a meeting with officials from the Public Service Commission (PSC) led by the chairperson, Agnes Kabogoza-Musoke, Speaker Among said leaving the affected officials jobless and without compensation will affect them and their…
Business
Stan Chart Puts Senana Hypermarket On Auction Over Debts
Frida Nabirongo is a woman in distress after Standard Chartered Bank has moved to take over her empire over a mortgage for a building that houses her Senana Hypermarket on Buganda Road. “Take notice that Standard Chartered Bank Uganda Limited through its appointed agent shall after 5 working days from the date of this notice,…
‘A day To Remember’- Don’t Miss La Cabana’s Yummy Roast On Easter Sunday
Easter Day is just around the corner and La Cabana Restaurant has got you covered with a food fest themed ‘La Cabana Easter Roast on Sunday 4th April.’ This website has learnt that La Cabana Restaurant, Kampala’s premium and ritzy churrasco grill restaurant, will this Easter Sunday serve a rich menu giving you a touch…
‘An Audit That Never Is?’- After Losing 8 Court Cases, BoU Moves To Do Fresh ‘Audit’ On Defunct Crane Bank
Bank of Uganda (BoU) is seeking to hire an independent audit firm that will carry out a comprehensive audit on the current state of affairs of the now-defunct Crane Bank, six years after the same commercial bank was closed. According to an advert published in one of the local newspapers, BoU said it is now…
‘Camera Shy’ Sheena Ruparelia: One of Uganda’s 100 Women Fixing The Country
Sheena Ruparelia is a daughter of Money Magnet HE Sudhir Ruparelia one of the richest gentlemen in Africa. Sheena was born on December 23rd, 1988 and she is married to Mr. Jay Sakaria. Sheena has been a Director and one of the trustees at Ruparelia Group since January 2017. The Group is one of Uganda’s…
‘Clear Your Loan Or Face Jail’- High Court Trashes Rajni Tailor’s Case Against Prime Finance Company
The Commercial Division of the High Court has dismissed an application filed by Rajni Tailor against Prime Finance Company Limited. According to Mr. Tailor, on 6th August 2016, he entered into a loan agreement with Prime Finance for a personal loan facility in the sum of USD 20,000 repayable in three weeks by 27th August…
‘Desist From Compromising The Judiciary’- Appellante Judges Warn As DTB Struggles With Appeal Against Ham
The appellate judges handling the Ham Vs DTB that include: The Deputy Chief Justice Richard Buteera, Justice Kenneth Kakuru and Justice Christopher Izama Madrama have strongly warned and cautioned parties involved to desist from trying to compromise the judiciary. It should be known that Diamond Trust Bank appealed the October 2020 High Court judgement, since…