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Renowned Journalist Risdel Kasasira Laid To Rest In Emotional Farewell

Prominent journalist Risdel Kasasira was laid to rest on Sunday in his ancestral village of Itara, Rubaya-Kashari, Mbarara District. The 45-year-old, known for his professionalism and humility, passed away following a tragic road accident on January 3 along the Lyantonde-Masaka Road. Mourners from various walks of life, including family, friends, colleagues, and government officials, gathered…

Business

‘Stop Crying For Spilled Milk’-High Court Dustbins Simbamayo Estates Case Against Equity Bank In Loan Dispute

The High Court (Commercial Division department) has dismissed an application by (now ex) administrators of Simbamanyo Estates Limited in which they wanted the auctioning of its prime properties in Kampala which was meant for Equity Bank Ltd to recover outstanding loans worth $10.8 million (Shs40 billion) to be halted. Simbamanyo Estates Limited lost Afrique Suites…

‘Too Late To Revert’- Tycoon Sudhir Responds To Museveni’s Letter On Disputed Simbamanyo House

Property Magnet Dr Sudhir Ruparelia has broken silence on the disputed Simbamanyo House ownership days after the former owner Peter Kamya ran to President Museveni seeking intervention into the sale of their property. Embattled Kamya ran to Museveni contesting Equity Bank’s sale of his property to Tycoon Sudhir in October 2020 for UGX18.5b. However, Equity…

‘Understanding Covid-19 Hardship’-UMEME, ERA Cut Tariffs For Commercial Customers

Uganda’s leading power distributor has announced that Commercial and medium customers will starting January enjoy a slightly reduced power tariff after Electricity Regulatory Authority (ERA) cut the cost while maintaining prices for other customer categories three times in a row. The base end user tariffs valid for the first three months of 2021 are indicating…

‘We’ve More Important Matters To Attend To..’ Supreme Court Dustbins Panicky BoU Case Against Tycoon Sudhir & URSB With Heavy Costs

The Supreme Court has dismissed with heavy Costs Bank of Uganda’s (BoU) case in which Crane Bank Limited (CBL) (in receivership) filed an application against Sudhir and URSB seeking for an interim order preventing the businessman from claiming, taking control, repossessing or in any way interfering with the management of CLB or of its receiver…

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