Breaking News
Tycoon Sudhir’s New Kabira Country Club 350 Apartments Redefines Bukoto Skylines
The extension of Kabira Country owned by city tycoon Sudhir Rupaleria has redefined the skylines around Bukoto-Ntinda areas with the new leisure facility imposing a magnificent image in the area. The leisure facility, once complete, will be East Africa’s biggest leisure hotel with more rooms than any other facility. According to sources, City business magnet…
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…
How KCCA Health Director’s Sluggishness Led To The Kiteezi Landfill Tragedy
With the ongoing rescue mission at Kiteezi landfill where several lives have been lost in the strategy, a lot of accusations and counter-accusations have been raised on who didn’t play his role to satisfaction. The latest dossier indicates that the head of the Directorate for Public Health and Environment at KCCA Dr. Daniel Okello acted…
NSSF Saga: Whistleblowers Implore Museveni To Urgently Resolve Workers’ Funds Wrangles
A number of workers who save with NSSF have called upon the President of Uganda to personally and urgently re-pick interest in National Social Security Fund(NSSF) saga before a mafia drains the fund. Our spy and intelligence networks received a voice note from One of the Whistleblowers and insiders, we quote: I think it’s now…
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Govt Must Reduce Unnecessary Expenditure – URA Warns
Uganda Revenue Authority (URA) says the government must reduce unnecessary expenditure to increase the tax-GDP (Gross Domestic Product) ratio. Ibrahim Bbossa, URA’s Assistant Commissioner, of Public and Corporate Affairs, says Uganda’s tax-GDP ratio is low, standing at 14%. He says Uganda must aim at increasing the ratio to at least 20% and to achieve this,…
Job Slots: Premier Recruitment Sources More 500 Jobs for Ugandan Youths To Work In Qatar As Cleaners
In a bid to curb unemployment in the country, Premier Recruitment Limited has yet again secured over 500 job slots for Ugandan youths to work in Qatar as Baggage handlers and cleaners. The company located at Crane Chambers on Kampala Road is therefore inviting all able-bodied Ugandans, both male and female between the age bracket…
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,…
Explosive! Defunct Crane Bank Ghost Haunts Troubled Dfcu Again As 2021 Provisions Continue To Eat Away Shareholder Value
When Dfcu controversially bought Crane Bank Limited (CBL) in January 2017, it immediately became one of the most profitable banks in Uganda as the former owners of CBL cried for the loss of their bank. Dfcu’s Crane bank acquisition boosted its profitability in 2017 with net profit nearly tripling to Shs127 billion, up from Shs46.…
LOLC Finance Uganda Launches Digital APP
The threat of economic downturn caused by the Coronavirus pandemic has forced companies to devise means of survival. One of such company is Light Over Light Capital (LOLC) Finance Uganda which has gone into launching phone applications to alleviate the difficulties faced by farmers and business people in rural areas. The Company yesterday launched this…
Kampala Salt Set To Oust Imported Pearl, Habari Out Of Ugandan Market
A local company named Kampala Salt will start making salt when its manufacturing plant being developed in Lugazi Town, Buikwe District is completed, Evelyn Anite, the State Minister of Finance for Investment and Privatization, said in a statement. The minister said the initiative will help “boost local production” as well as “significantly” reduce the import…
