Business News
Court Cancels KCCA Decision To Repossess Shree Sanatan Dharma Property At Bat Valley
The High Court in Kampala has quashed a resolution made by Kampala Capital City Authority (KCCA) to cancel the freehold interest of The Registered Trustees of Shree Sanatan Dharma Mandal in a property housing Bat Valley Primary School. The decision issued on Friday by the Civil Division Judge Musa Ssekaana arises from a successful application…
Museveni Names Prof.Muhwezi New MUBS Boss
President Yoweri Museveni has appointed Prof. Muhwezi Moses as the Principal of Makerere University Business School (MUBS). His appointment is on a five-year contract term, effective immediately according to a letter dated November 3, 2024, and signed by the President. Prof. Muhwezi, who has been serving as the acting principal since May 13, 2023, becomes…
Two Notorious Armed Thugs Arrested In Mamamia Supermarket Robbery
In a daring intervention, boda-boda riders in Namuwongo A Zone, Makindye Division, thwarted an armed robbery attempt at Mama-Mia Supermarket on Bukasa Road. The suspects, identified as Edwin Lukwago and Ezekiel Asiimwe, were apprehended by the riders after a high-speed chase, according to Kampala Metropolitan deputy police spokesperson Luke Owoyesigyire. The foiled robbery occurred around…
Al-Shabab Mortar Attack Kills Two UPDF Soldiers In Somalia
Two African Union soldiers were killed and a third one injured by an al-Shabab mortar attack Sunday on their base inside the perimeters of Mogadishu’s international airport. A statement by the head of the African Union Transition Mission in Somalia (ATMIS) and Special Representative of the Chairperson of the African Union Commission Mohamed El-Amine Souef…
Former Bosses Granted Bail Over Kiteezi Disaster
The former Kampala Capital City Authority (KCCA) top officials have been granted bail by the Kasangati Chief Magistrate’s Court after spending two weeks in Luzira prison facing charges of manslaughter and negligence. Dorothy Kisaka, the former KCCA Executive Director; Engineer David Luyimbazi, the deputy Executive Director; and Dr. Daniel Okello, the former Director of Public…
Business
As Simple As That: Dr. Sudhir Tasks Fatboy To Name Manager Who Incited Strike!
East Africa’s Billionaire, Dr. Sudhir Ruparelia has tasked James Onen, popularly known as Fatboy, to name the Sanyu FM Manager who allegedly incited him to lead a staff sit-down strike. This came hours after Onen revealing that Sanyu FM staff did not at any point reject pay cuts despite different reports indicating so. He claims no…
At Cross Roads: Tycoon Sudhir Blocks BoU From Withdrawing Supreme Court Appeal As Case Ranges On
Recently, this website broke a story on how Bank of Uganda (BoU) wrote to the Supreme Court seeking permission to withdraw an appeal they had filed on June 23rd, 2020, against businessman Sudhir Ruparelia contesting Justice David Wangutusi’s 2019 ruling, in which he declared that BoU illegally wound up Crane Bank and sold it to…
At Last! Parliament Approves National Local Content Bill
The Parliament of Uganda has approved the National Local Content Bill, 2022. The private member’s bill by Kassanda North MP, Patrick Nsamba Oshabe was passed last week. The bill was first tabled before parliament in January 2019 during the 10th parliament, processed, and eventually passed. Its objective was to impose local content obligations on persons…
Attorney General Defends Gov’t Decision On Pinetti Coffee Deal
The Attorney General Kiryowa Kiwanuka has asked High Court to dismiss with costs an application by two lawyers challenging the controversial coffee deal between the government of Uganda and Uganda Vinci Coffee Company Limited. Henry Byansi and Micheal Aboneka petitioned the High Court in April 2022 challenging the agreement signed by Ramathan Ggoobi, the Secretary…
Authorities Advise Bugolobi – Bandali Rise Residents To Relocate Instead Of Blocking Development
Residents in Bugolobi have been advised to relocate to other places of abode instead of blocking development of businesses in the area by complaining about noise pollution from bars. It should be noted that Bugolobi, a very busy Kampala suburb, is lined with several bars, restaurants and other business ventures. We have established that the…
Bad State Of Kikyusa-Zirobwe Roads Frustrating Businesses in Greater Luwero
Residents and the Business Community in greater Luwero have decried the poor state of Kambiri-Kikyusa-Zirobwe – Kasana road saying it has continuously hiked the cost of transport and affected economic development in the area. Residents and the business community say, the routes are mainly used to transport agricultural produce, especially by sugarcane trucks from Eastern…