Business News
Forest Cottages Unveils Valentine’s Room Halfboard Rates With Exciting Discounts On Accommodation
Forest Cottages, Kampala’s top luxurious cottages set in a peaceful, African forest feature in Bukoto suburb has announced newly revised special room rates with exciting discounts on accommodation this Valentine’s day to help you save more on accommodation as they relax and enjoy a pleasant and vibrant stay. In the “Revised Valentine’s Day Room Rates” announced,…
PPDA Boss Turamye Not Corrupt, Whistle Blower Report Was Misleading
The Capital Times would like to clarify on a news article we published basing on an informer who alleged that the Executive Director of the PPDA Mr Benson Turamye was corrupt and was under investigation. The informer claimed that the Executive Director of the PPDA was influencing public procurement and taking bribes from contractors. Our…
Speke Resort Munyonyo Slashes Accommodation Rates In “January Get-away” Packages
Speke Resort and Conference Centre and Munyonyo Commonwealth Resort on the shores of Lake Victoria continue to stand out as a destination of choice especially for people who don’t want to go far away from Kampala. Speke Resort and Munyonyo Commonwealth Resort have announced a new mega bonanza dubbed ‘Relax & Rejuvenate’ offering it at very…
Operation Shujja: MPs Halt Financing UPDF Mission In DRC Against ADF Rebels
Parliament’s Committee on Budget has decided to stay allocations to ‘Operation Shujaa’, a code name for the Uganda People’s Defense Forces campaign against the Allied Democratic Forces (ADF) in Congo, until the legislature is apprised of the operation. The Ministry of Defense had asked for Shs89.7 billion to finance the operations but MPs said briefing…
Three Arrested For Allegedly Killing A 50-Year-Old
Police with sister security agencies have arrested three people for allegedly killing a 50-year-old Mwanika Yokolamu a resident of Kadama village, Kadama town council in Kibuku district. According to Police, suspects are Ibrahim Mbulalina, the LC I chairperson of Kadama village, and two others whose identities have been withheld. Police picked up the trio on…
Business
Trouble Looms! Disgruntled Ex- Crane Bank Employees Drag DFCU to Court Over Fraud, Human Rights Violations! Demand Production & Inspection Of Several Documents
Former employees of Crane Bank Limited (CBL) which was fraudulently taken over by Bank of Uganda (BoU) and later sold on phone have again dragged DFCU on behalf of 700 others to the High Court to compel production and inspection of several documents hitherto with held by DFCU Bank Ltd. This comes after High Court…
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 Diamond Trust Bank Uganda and Kenya that have been trying to fight a…
Trouble Looms! Tycoon Sudhir Sues Embattled BoU Legal Counsel Margaret Kasule Over Contempt Of Court
In the wake of events surrounding the Supreme Court decision to nullify the liquidation of Crane Bank Limited, Businessman Sudhir Ruparelia has through his legal team led by Kampala Associated Advocates sued the head of Bank of Uganda’s (BOU) Legal department Margaret Kaggwa Kasule for contempt of Court. According to Sudhir, Kasule has on many…
Troubles For ‘Struggling’ Socialite Kavuma Escalate As Police Launch Hunt After Shamelessly Taking Off Without Clearing $48,000 Speke Apartments’ Bill
Uganda Police Force with sister security agencies are on a hunt for buoyant socialite Kavuma Honest aka Harsh Pappy for taking off without clearing a multimillion bill accumulated through accommodation, food and lavish spending at swanky Speke Apartments Wampewo. The Capital Times have learnt that Kavuma a promoter of Germany based team Bayern Sports club…
Two Arrested On Suspicion Of Connection With Over Shs 20Bn Cyber Attack On UgandanTwo Leading Telecom Companies and Banks
The Uganda Police have arrested two suspects in connection with the cyber attack on the country’s two leading telecom companies and banks over the weekend. The two suspects are attached to Pegasus Technologies, a company that provides financial and billing solutions for various companies in Uganda. The suspects were arrested on Wednesday by the Criminal…
Two Departed Asian Property Custodian Board Bosses Arrested Over Fraud
The State House Anti Corruption Unit (SH-ACU) in liaison with Police have arrested two top members of the Departed Asian Property Custodian Board (DAPCB) over fraud-related charges. George William Bizibu, the executive secretary of the board together with his accountant were on Wednesday evening arrested for allegedly obtaining money from various persons purporting to allocate…