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How Dr. Sudhir Ruparelia Slaughtered & Exposed Staggering Bank Of Uganda’s Fraudulent Scheme
In February this year, business magnate Sudhir Ruparelia left Bank of Uganda (BoU) nursing wounds after slaughtering it in a 5yr court battle which ended in his favor. Now, due to readers’ demand, we summerize for you the entire saga and what ignited this battle that has seen economic pundits ranking BoU as most fraudulent…
Big Story: Equity Bank Sells Simbamanyo House To Tycoon Sudhir After Borrower Defaults On Shs11.5Bn Loan
Kampala mogul Dr. Sudhir Ruparelia is the new landlord of the expansive Simbamanyo House, which is situated on Lumumba Avenue opposite CPS building, after his Meera Company bought the building from Equity Bank. Simbamanyo House originally belonged to city businessman Peter Kamya, who staked it as collateral security to Equity Bank in 2017 for a…
Mini Grids for Rural Electrification: Gov’t Partners With Germany, EU to Increase Electricity Access To Ugandans
The German government and the European Union (EU) have launched the GET ACCESS Mini-grid Solar Programme, a 35 million Euro initiative to help electrify Uganda’s rural areas and contribute to the country’s transition to renewable energy. In collaboration with Uganda’s Electricity Regulatory Authority (ERA), the Ministry of Energy and Mineral Development (MEMD) will be in charge of program implementation which will see over 110,000 people…
Uganda Escaped From Presidential Tyranny & Ended Up In Legislative Tyranny
By Matua Job Richard The history of our Country summarized in the preamble of 1995, is something that can only be comparable to hell or the days Israelites are said to be walking in the wilderness with lots of challenges. It is true that Tyranny meted on Citizens by former Presidents caused real suffering to…
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MTN Uganda To Cut Mobile Money Fees Over Coronavirus Epidemic
Mtn Uganda has proposed to waive fees on its on-net mobile money transactions below Shs. 30,000 Thursday, 19th March 2020. This comes amid the looming coronavirus pandemic which has ravaged most of the neighbouring countries among them; Kenya, DR Congo and Tanzania. MTN CEO Wim Vanhellepute says the decision that will last 30 days follows…
Ham Enterprises Shs120Bn Case Exposes Diamond Trust Bank’s Litany Of Fraud Scandals; Bank Turns Into Village Sacco, Faces Closure Due To Undercapitalisation
The days of Diamond Trust Bank Uganda (DTBU) and Diamond Trust Bank Kenya (DTBK) in the banking sector are numbered! This is because the case that was filed by city tycoon Hamis Kiggundu of Ham Enterprises Limited, in which he accuses the bank of illegally deducting over Shs120Bn from his company accounts has exposed several…
Dr Entingi-Ego Officially Takes Over As New Bank of Uganda Deputy Governor
Dr. Atingi-Ego has assumed his role as the Deputy Governor, Bank of Uganda on August 03, 2020 following his appointment by His Excellency Yoweri Kaguta Museveni on 23 April, 2020. He replaces Dr. Louis Kasekende, whose contract expired in January and wasn’t renewed. Dr. Atingi-Ego is a seasoned Economist who has served in several capacities…
Go & Make Money: Gender Ministry Approves Premier Recruitment To Export Over 200 Workers
The Ministry of Gender, Labour and Social Development has approved Premier Recruitment Limited’s request to export labour hence providing employment opportunities to Ugandans who want to work abroad. According to a letter from Lawrence Egulu, on behalf of the ministry’s permanent secretary, they have evaluated and approved Premier Recruitment Limited to export 200 workers to…
‘You’re Now Safe’- Goldstar, Hisense Announce Insurance Cover For Appliances
Goldstar Insurance Limited, has announced their partnership with Hisense Uganda in a move aimed at improving the customer experience between the two entities. With it’s electronics appliances policy, Goldstar will in the new partnership cover accidental damages and theft of Hisense brand products for up to three years. The partnership was announced on Thursday April 29,…
M7’s Orders To Close Public Institutions,Should Teach Us To Stimulate Economy And Build More Local Industries-Tycoon Nzeyi
First of all, I would like to thank you and your cabinet- for the courageous leadership thus far- especially the decisions announced on March 18th 2020 which among others include the decision to temporarily disperse areas of population concentrations such as school, religious, political and social gatherings as well as travel restrictions on certain high-risk…
