Business News
Axed Mulago Hospital ED Charged With Embezzlement, Abuse Of Office
Police have preferred charges of fraudulent accounting, abuse of office, embezzlement and causing financial loss to the government against Dr. Baterana Byarugaba, the executive director of Mulago National Referral Hospital. According to the State House Health Monitoring Unit, the above crimes were committed in the last four years and cost the government over 28 billion…
Human Rights Lawyer Ssemakadde Asks Court To Halt Trial For Lack Of Jurisdiction
Award-winning Human Rights Lawyer Isaac Ssemakadde has asked Buganda Road Magistrates Court to halt hearing of the case in which he was summoned to be charged with offensive communication until the determination of an application where he is challenging the legality of the proceedings. Ssemakadde was summoned to appear before court presided over by Grade…
Three Remanded Over Theft Of Gov’t Drugs Worth UGX 21 Billion
The Makindye Magistrates Court has remanded three people including employees of Joint Medical Stores on charges related to theft of government drugs worth 21 billion Shillings. The three are: Jane Frances Oling, the Executive Director Women in Development, a community based organization, and two employees of Joint Medical Stores – JMS, Ivan Luswata, a customs…
Axed Dr. Baterana Petitions Court To Quash State House Health Monitoring Unit Report On Mulago
The interdicted Executive Director of Mulago National Referral Hospital Dr. Baterana Byarugaba, wants court to throw out the evidence and charges brought against him by the State House Health Monitoring Unit on the basis of lack of jurisdiction. This comes after the hospital director was this week charged with embezzlement, fraudulent accounting, abuse of office,…
ANDREW MWENDA: Sale Of Crane Bank To DFCU Will Go Down In History As The Most Fraudulent Transaction By BoU
On February 11, businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The central bank closed Crane Bank in October 2016 claiming it was undercapitalised. The latest ruling is a culmination of a running battle between the central bank and Sudhir for four…
Business
UIA One-Stop Centre Eases Business Services For Investors After Opening Permanent Home In Kampala
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…
UIA Partners With USAID,MTN To Launch First MSMES Portal
The Uganda Investment Authority (UIA), in partnership with USAID’s Feed the Future Uganda Institutional and Systems Strengthening Activity (ISSA) and telco MTN Uganda. has today (September 15) launched www.mybusiness.go.ug a platform dedicated to boosting micro, small and medium enterprises (MSMEs). The portal is an innovation by UIA to respond to the business and investment needs…
UIA To Repossess Idle Land In Namanve Industrial Park
The State Minister for Investment and Privatization, Evelyn Anite has directed Uganda Investment Authority-UIA to repossess plots of land in Namanve industrial park that have not been utilized by investors. Anite who visited the park on Tuesday noted that five investors who were allocated land at the park have failed to develop the land ten…
UMA Calls On Govt To Retaliate Following Kenyan Ban On Exports
The Uganda Manufacturers Association (UMA) has urged government to consider retaliation mechanisms against the Government of Kenya, for what they termed as ill treatment of Uganda and severe injury to investment. Following the persistent ban on Ugandan exports to Kenya, traders have called for retaliation saying the diplomatic way has failed. “Our very blunt demand…
UMEAS Returns To Award Top Ugandan Marketing Gurus
Evolve Group Africa is poised to orchestrate the third iteration of the Uganda Marketing Excellence Awards (UMEAS), marking a significant occasion in the realm of corporate recognition. The grand affair, anticipated as the apex for marketers, will unfold on December 1st in a lavish, black-tie gala hosted at the Kampala Serena Hotel. According to organisers,…
Umeme Seeks Review Of Free Electricity Connection Policy
Uganda’s Power Distributor, Umeme Limited has proposed a revision of the Electricity Connections Policy (ECP) to allow capable customers shoulder the full payment for connection since government ran short of funds for the policy. Speaking during a briefing organised by the power distributor, Mr Selestino Babungi, the Umeme managing director, said the energy sector is…