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Top Buganda Land Board Officials In Hot Soup Over Conflict Of Interest, Alleged Fraud As Kigo Land Saga Rages On
Kiham Enterprises Uganda Limited, a company partly owned by city businessman Hamis Kiggundu has insisted that it still legally owns the 140-acre Kigo land that has been under contention between Buganda Land Board and the company. Kiham, through its lawyers led by Fred Muwema of Muwema & Company Advocates, have further called for the prosecution…
Total Energies Launch 3rd Edition Of Startupper Of The Year Challenge
Following the success of the first two editions, TotalEnergies is relaunching the Startupper of the Year Challenge in 32 countries of the African continent. During the previous edition, TotalEnergies Marketing Uganda Limited rewarded four young entrepreneurs before the Covid pandemic. Beyond the entrepreneurial spirit, this 3rd edition of the Startupper Challenge of the Year reaffirms TotalEnergies’…
Total Sues Ex-employees Over Shs7.5 Billion Fraud
Total consortium in Uganda has sued its former senior employees for using illicit measures to attain wealth, which cost the company Shs7.5 billion. Total Uganda Limited which deals in fuel and lubricants, contends that former employees adulterated their contractual duties through false entries, leading to a colossal loss of Shs7.5 billion, through deceitful misrepresentation, by…
Tough Times For Ugandans As Central Bank Moves To Restrict Money In Circulation
On July 6, Bank of Uganda held an emergency monetary policy committee meeting and decided to increase the central bank rate (CBR) by one percentage point to 8.5%, the highest since the country got hit by COVID-19. The Bank had in June this year raised the rate by a percentage point. Previously, the Bank had…
ToughTimes: Brookside Lays Off Half Of Ugandan Staff Due To Export Restrictions From Kenya Authority
Brookside Limited, a dairy processing company that packages long-life milk, cream, butter, yoghurt, ghee, and milk powder in Uganda and the East Africa regional export market has retrenched over 50 per cent of its staff following a drop in the exported products.In a letter addressed to the Commissioner of Labour at the Ministry of Gender,…
Traders Seek To Boost Import, Export Trade Through Uganda Connect
In response to H.E. President Yoweri Kaguta Museveni’s directive for a more compelling presentation of Uganda and its products in foreign markets, Uganda Connect has emerged as a pivotal platform. The launch of Uganda Connect, a private sector-led brand and marketing drive, took place at Next Media Park, drawing investors, producers, farmers, exporters, and media…