Business News
UJOA Inaugural Dinner: Dr Bigirimana Credits The Completion Of The Magnificent New Supreme Court, Court of Appeal Twin Tower To Teamwork
The Permanent Secretary/Secretary to the Judiciary, Dr. Plus Bigirimana was on Friday night in a jovial mood as he addressed Judicial Officers at the inaugural Uganda Judicial Officers Association Dinner, held at the beautiful Conference Hall, at the Supreme Court Building. Dr Bigirimana expressed his joy at seeing the dinner take place in the new…
Court Grants Bail To Indian-Swiss Billionaire Amid Calls For Justice & Transparency
After a challenging three-week detention, a prominent Indian-Swiss businesswoman has been granted bail by a Ugandan Court. However, she remains in Uganda as charges against her persist, despite the lack of evidence. Detained since October 1, 2024, she faced allegations of kidnapping and intent to murder Mr. Menaria, a former employee of the Oswal family.…
ICT’s PS Aminah Zawedde Awarded Prestigious African Digital Excellence Accolade
In a landmark recognition of Uganda’s digital transformation efforts, Dr. Aminah Zawedde, Permanent Secretary of the Ministry of ICT and National Guidance, has been awarded the prestigious International Computer Driving License (ICDL) Africa Recognition Award 2024 for her exceptional contributions to digital advancement in the region. The continental award, announced at the annual ICDL Africa…
Presidents Museveni,Tshisekedi Discuss Bilateral Talks, Regional Security
At the invitation of His Excellency Yoweri Kaguta Museveni, President of the Republic of Uganda, His Excellency Felix Tshisekedi, President of the Democratic Republic of Congo (DRC) paid a working visit to the Republic of Uganda on 30th October, 2024. His Excellency Tshisekedi was received at State House, Entebbe, by his host, President Museveni. The…
Ssemakadde Recalls USL Representatives From Judicial Service Commission
The Uganda Law Society (ULS) has recalled their two representatives from the Judicial Service Commission on grounds that they have been there illegally since they were last elected about nine years ago. According to Executive Order Number Two issued by ULS President Isaac Ssemakadde, the representatives include Norah Matovu Winyi and Ruth Sebantindira who was…
Business
Bank of Uganda Legal Team At It Again With Delay Tactics As Taxpayers Continue Losing Billions In Crane Bank, BoU Saga
The Central Bank of Uganda (BoU) has finally broke silence on the landmark defeat sustained last week when the Supreme Court of Uganda directed that it reverts the management of Crane Bank back to its shareholders after establishing that the bank was fraudulently closed and later sold out to DFCU Bank in 2018. In the…
Bank Of Uganda, Diamond Trust Bank In Great Trouble For Shielding An Illegality
Officials of Bank of Uganda and Diamond Trust Bank have landed in trouble after investigators in the Ham Vs Diamond Trust Bank discovered that they allegedly conspired to shield an illegality. It should be noted that on January 27th 2021, the first reading of the Ham Vs DTB case Appeal in which DTB is challenging…
Banking Group I&M Set To Pay USD 33.6m For Orient Bank Uganda Take Over
Banking group I&M Holdings PLC which is part of the I&M Group will pay USD 33.6m (Shs112 billion) to acquire a 90 per cent stake in Uganda’s Orient Bank, according to disclosures in a circular to shareholders. This website has learnt that the shares will be bought from Hemlata Karia, Jay Karia, Morka Holdings Limited,…
BANKS: We Have Failed To Identify SMEs For COVID-19 Relief Fund
Leaders in the banking industry say that they have failed to identify people who qualify for the government’s COVID-19 relief fund meant for small and medium enterprises. It comes a few days after the Bank of Uganda revealed that only Shillings 6 billion out of the Shillings 200 billion Small Business Recovery Fund (SBRF), which was…
Battling Soaring Prices: The EU’s Fight Against Inflation
Inflation is casting a long shadow over the EU, with rates surpassing 3 percent. The path ahead involves striking a balance between controlling inflation and fostering economic resilience. Inflation, the relentless rise in prices, has become a central concern within the European Union. With inflation rates breaching the European Central Bank’s (ECB) target of around…
Ben Ssebuguzi: NEMA Should Use Diplomacy On Investors
By: Ben Ssebuguzi Entebbe: Recently, media was awash with National Environmental and Management Authority (NEMA) allegations that Ruparelia group, an investment group which is the leading in hospitality sector in Uganda, was involved in the abusing of the environment in their bid to construct a mega $100m Speke Resort and Convention Centre At Ssese Gate…