Business News
Man Nabbed With Firearm & Explosives At Kisenyi Bus Terminal
Security personnel at Kisenyi Bus Terminal in Kampala arrested a man carrying a sub-machine gun and other dangerous items during a routine search on December 4, 2024. The suspect, identified as David Tumwine, was detained after security found a firearm, ammunition, pangas, petrol, and ropes in his luggage. The incident occurred around 9:00 AM when…
Cultural Crisis: Artistes Petition Speaker Among Over Deteriorating State Of The National Theatre
The Uganda National Cultural Centre (UNCC) has sounded an alarm over the declining state of the National Theatre, calling on Parliament to take urgent action to revitalize the facility. The appeal was presented to Speaker Anita Among on December 3, 2024, by UNCC’s leadership, led by Board of Trustees Chairperson, Prof. Okaka Opio Dokotum. During…
Wanted : Court Issues Criminal Summons Against Former Rubaga RCC Burora Over Hate Speech
The Buganda Road Chief Magistrates Court has issued criminal summons against Herbert Anderson Burora, the former Deputy Resident City Commissioner (RCC) for Rubaga Division, following his failure to appear in court on Tuesday. Burora faces allegations of spreading defamatory information. The summons, signed by Chief Magistrate Ronald Kayizzi, were issued after State Attorney Ivan Kyazze…
ULS President Ssemakadde Files Motion To Dismiss DPP’s Private Prosecution Case
The President of the Uganda Law Society (ULS), Isaac Kimaze Ssemakadde, SC, has filed a motion seeking the dismissal of a private prosecution case brought against him by two lawyers, Byamazima Joshua and Tonny Tumukunde. The case, scheduled for hearing tomorrow at 9:00 am before His Worship Ronald Kayizzi, Chief Magistrate of Buganda Road Court,…
Drama In Court As Besigye Trial Stalls Over Licensing Battle For Defense Lawyers
The trial of opposition figure Dr. Kizza Besigye and his co-accused, Hajj Obeid Lutale Kamulegeya, has been postponed to December 10, 2024, by the Makindye General Court Martial after a heated debate over defense counsel preparations and licensing. The adjournment follows a request by lead defense lawyer Erias Lukwago, who sought time to finalize the…
Business
African Banker Awards 2021: Equity Named Best Regional Bank in East Africa
Equity demonstrated a strong and consistent financial performance in the 2020 financial year The Group continues to pioneer technological innovations that have led to more convenient banking and transaction cost reduction for customers The Group distinguished itself for its role in safeguarding and cushioning the lives and livelihoods of its host communities Nairobi, 02nd August…
Africell Confirms End Of Road For Ugandan Market After 7 Years
Stiff competition and high indebtedness have forced Uganda’s third largest telecom service company by subscriber base, Africell, to quit the country. The company say its services will stop on October 7, this year, according to a letter circulated to its employees, who will continue to be in employment until November 30. Africell Uganda says its…
Africell Customers Stranded As Company Halts Mobile Money Withdrawals
With only days left its planned exit from the Ugandan market, Africell customers are left stranded as the telecom operator is not allowing customers to make any mobile money withdrawals. According to New Vision, an officer at the Africell Service Centre said all mobile money transactions are suspended for now as the company continues to…
After Sponsoring Summit On Fighting Illicit Trade, BAT Now On Spot For Smuggling Cigarettes Into Ugandan Market And Evading Billions In Tax
British American Tobacco (BAT) Uganda and BAT Kenya are on the spot following an investigation which reveals that the companies may have taken advantage of the loopholes in tobacco control governance systems and control the illicit trade of Tobacco products to dump illicit cigarettes into the country. A spot check market survey has since established…
After Sudhir Exposing Rot, Defunct Greenland Bank Sues BoU Over Liquidation
The shareholders of Greenland Bank Ltd have petitioned the Commercial Division of the High Court over liquidation of their bank that is yet to be concluded after more than two decades. The 27 aggrieved shareholders, led by Mr Sulaiman Kaweesi, state that their bank was placed under liquidation 21 years ago, but the process is…
Again: Crane Management Services Outshines Other Arcade Owners In Observing Covid-19 SOPs
Crane Management Service Limited, a company that manages all building under Ruparelia Group has again Outshined other archade owners in observing all the Standard Operating Procedures (SOPs) that were issued by the Ministry of Health and Kampala Capital City Authority (KCCA) to all city arcade owners before the re-opening of their buildings in order to…