Business News
Former BOU Chief Elangot Failed To Access His Pension
Thousands of mourners who trekked to Serere district to pay their last respect to the fallen former Deputy Governor of Bank of Uganda, John Robert Elangot were shocked to learn that the 87- year- old man died before receiving his pension. Elangot died on November 6, 2021 at Kampala Hospital after suffering a stroke, brain…
Two UPDF Soldiers To Serve Death Sentence For Killing Civilians In Somalia
Two Ugandan soldiers accused of killing seven Somali civilians in August while serving under the African Union peacekeeping mission (AMISOM) have been sentenced to death while three others to 39 years each in jail after being found guilty by a court-martial. AMISOM said the Court Martial which sat from November 1-12 in the Somali capital…
Court Remands Three For Attempting To Grab NSSF Land
Court in Makindye has remanded three people to Kitalya Prison for allegedly attempting to transfer ownership of prime land belonging to the National Social Security Fund (NSSF) in Lubowa to themselves. The Capital Times has learnt that the trio, that were charged are Mr. Mohammed Lubowa, 48, a resident of Ndejje Rubugumu, Makindye Division; Mr.…
Meghan Apologises For Misleading Court
By Phil Hazlewood Meghan Markle has apologised to a UK court after admitting being involved in a favourable biography of her short tenure as a frontline royal in Britain, despite having previously denied it. The apology came as part of a British newspaper group’s appeal against a High Court ruling that it breached the Duchess…
Museveni Attacks MPs, Defends Dr. Musenero On Stealing Covid-19 Vaccine Fund
President Museveni has asked Members of Parliament (MPs) to stop attacking the Minister of Science, Technology and Innovation, Dr. Monica Musenero. Earlier this week, Ntungamo Municipality MP, Yona Musinguzi accused Dr. Musenero of using the president’s name to hide under a private firm in the guise of carrying out research on Covid-19 vaccine to misappropriate…
Business
Why Sudhir’s Lawyers Want Crane Bank Returned To It’s Original Share Holders
In January 2017, Crane Bank was acquired by DFCU Bank at a cost of Shs200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda. Crane Bank whose proprietor is businessman Sudhir Reparelia remained open under statutory management until most of its assets and liabilities would be transferred…
Why The Case Of Ham Enterprises Vs DTB Must Be A Concern To The Wider Business Community In Uganda
By Fred Mwebya All over the world, countries grow and develop as a result of how strong and respected their systems and structures are. There is no doubt that fundamental growth and development depends on the prevailing economic, political and legal structures of a given nation or community. Unfortunately in many African communities little attention…
Why Ugandans Should Praise & Embrace Dr Sudhir Ruparelia As He Moves To Reshape The City With Another Multibillion Swanky Hotel
Uganda is among the few countries with patriotic investors that do not brink when it comes to boosting their countries’ development. Among the few but heavily-loaded tycoons, Uganda is blessed is Dr. Sudhir Ruparelia aka money magnet who is the chairman of Ruparelia Group of Companies. Dr. Sudhir, also Nepal ambassador to Uganda is in…
Why You Should Isolate & Enjoy a Splendid Vacation At Kampala Boulevard Suits During This Covid-19 Era
They say life is too short to live, hence you should live it to the fullest. The best way to enjoy life to the fullest is to always enjoy the best that there is to offer; that is exactly what Kampala Boulevard Suits is offering clients in this Covid-19 era. We’ve learnt that the Management…
Why YY Coaches Have Shut Down Business?
YY coach services following a spate of accidents in just a month have compelled them to first put their hands off as they try to find a solution to the unending causes of accidents on road by their drivers and buses. The company has 50 buses plying different routes in Eastern and Northern parts of…
Women’s Day 2022: Jyotsna Ruparelia To Headline Indian Women Entrepreneur Conclave, Applauds Women For Their Pivotal Role In Economic Transformation Across The Globe
While Celebrating International Women’s day, Businesswoman, entrepreneur, and wife to city tycoon Sudhir Ruperala, Jyotsna Ruparelia has applauded fellow women for their big roles in economic, social, and cultural development not only in Uganda but across the Globe. In her international women’s day message, Jyotsna noted that women should be celebrated for their visionary, courageous,…