Breaking News
Uganda: Indian Businessman Shot By Police Officer
The territorial police in Kisoro district have launched investigations surrounding the shooting and injuring of 24-year-old, Indian. ASP Elly Maate, the Kigezi region police spokesperson has identified the victim as Kunjaj Patel a businessman along Main Street in Kisoro municipality dealing in hardware items and an MTN main agent in Kisoro District. It’s alleged that…
Tycoon Sudhir Family Showers Muslim Community With Eid Blessings
Uganda’s richest man Dr. Sudhir Ruparelia and family has joined millions of Ugandans to wish a marvelous Eid al-Adha celebrations for the Muslim fraternity that is celebrated today. Through his social handles, Sudhir on behalf of his family shared, ”Wishing all of you a blessed Eid al-Adha From – Dr Sudhir & Jyotsna Ruparelia, Rajiv, Naiya…
Another Bomb Blast In Nakaseke Kills Two Children
Two children have died after a suspected bomb exploded at Ssegalye village in Nakaseke district. The deceased have been identified as Pius Kiwuwa aged 12 years and Micheal Kiyingi aged 14 years whereas a child aged nine months identified only as Odong has been injured in the explosion that occurred at Ssegalye village in Semuto…
Panic! Two Concerned Citizens Demand For IGG Report On Ex BoU Officials Kasekende, Bagyenda
Two concerned citizens have petitioned the Inspector General of Government demanding for a report into the investigation and prosecution of former Bank of Uganda Deputy Governor Louis Kasekende and former director of commercial banks supervision Justine Bagyenda. The report that is being demanded for also looked into the conduct of Benedict Kasekende, the BoU Director…
News
Tycoon Sudhir’s Lawyers Blast BOU ‘Uncultured’ Statement After Court Of Appeal Defeat
The Kampala Associated Advocates (KAA) five man team representing and Defending City Businessman Dr. Sudhir Ruparelia in the USD106 million suit against Bank Of Uganda (BoU) has dismissed an “inaccurate and false,” the contents of the media statement made by BoU regarding it’s intended appeal against their two-time loss to Dr. Sudhir most recently in…
OP-ED: Employ Benefits Like NSSF Can Make Your Business Resilient In Post Covid
By Ben Ssebuguzi Kampala: As business executives are scampering to cut costs in order to stay clear of the COVID-19 economic effects, some are making grave mistakes of evading retirement savings for their employees which makes them demotivated at workplaces hence less productivity. Employee motivation is defined as the level of energy, commitment, persistence, and…
Over 700 Jobs in Jeopardy As Namayingo’s Billion-Dollar Sugar Factory Stalls
Namayingo, Uganda – The recent suspension of the CN Sugar Factory, a multi-billion shilling investment, has thrown its future into uncertainty and left over 700 workers jobless. This decision, issued by the Minister of Trade, Industry, and Cooperatives, Francis Mwebesa, has stirred significant unrest in the district. In November 2022, CN Sugar Limited received a…
‘You Cannot Make Money Alone & Call That Success’ – Dr. Sudhir Tips On How He Defines Success
Uganda’s business magnate and investor Dr. Sudhir Ruparelia, possibly the country’s most charismatic businessman is the chairman of Ruparelia Group, one of the top taxpayers in Uganda. The Nepal consul in Uganda and a symbol of financial success on the East African land has been sharing tidbits of his success journey, which is peppered with…
Meet Sentongo Haruna, The Ugandan Slum Youth Who Earns $26 Million A Year In Rent and Factory Sales
The Success Journey of the Youthful, C.E.O of Haruna Enterprises (U) Ltd In 2005, with accumulated personal savings, Sentongo Haruna Segawa acquired a furniture store on Ben Kiwanuka Road, in Kampala and started importing furniture from China and would distribute it to homes, offices and hotels in the entire great lakes region. In 2007 he…
BOU Winds Up Mercantile Credit Bank Due To Insolvency
The Bank of Uganda has taken action to place Mercantile Credit Bank Limited under liquidation, revoked its license, and ordered the winding up of its affairs due to issues such as insolvency, under-capitalization and poor corporate governance. In a statement released by the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, in exercise of…
