Breaking News
Bobi Wine In Bloomberg ’15 People To Rock 2020′
Bloomberg has listed Kyadondo East MP Robert Kyagulanyi aka Bobi Wine among its 15 people to watch in 2020 across the globe. Bloomberg is a global leading agency in business and financial data, news and insight. Each year, they list the 50 most influential figures world over, and name a few other people to watch…
Good Gesture! Min. Janet Museveni Orders UNEB To Set Special Paper For ’23 PLE Candidates’ Who Missed Paper
First Lady and Education Minister Janet Kataaha Kainembabazi Museveni has directed the Uganda National Examinations Board (UNEB) to set a special Mathematics Primary Leaving Examinations (PLE) paper for the 23 P7 candidates of St. Christine Primary School who missed the exam over transport challenges. The PLE set of national exams, comprising four examination papers, was…
Three Security Guards Arrested Over Theft Of Arua Hospital Ambulance
Police in Arua has arrested three security guards of Arua Referral Hospital in connection with the theft of Hospital Ambulance-UG 6821M. The arrest of the three (names withheld) follows a case of motor vehicle theft, reported by the Hospital head of security-Avaga Johnston Norman at Arua Central Police Station. Dr. Gilbert Aniku, the Deputy Director…
Four Arrested For Defying M7’s Directives On Covid-19 Relief Food
Police alongside other team agencies carried out an operation and arrested four men over alleged for defying President Yoweri Kaguta directives on coronavirus by decampaigning the government relief food distribution for vulnerable people affected by the COVID-19 lockdown in Kampala and Wakiso. The four suspects were nabbed at Mackay road, Natete, Kampala for inciting members…
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‘Start Small & Work Hard. Don’t Borrow For Real Estate Development Until You Have Four Properties’ – Dr Sudhir
Property Mogul Dr Sudhir Ruparelia has shared from his wealth of experience in real estate development, advising potential developers not to rush into borrowing until they are able to finance their loans. Sudhir made remarks earlier this morning while appearing on Uganda Revenue Authority’s e-Bomba Business Summit as one of the key note speakers on…
I&M Signs Agreement to Acquire 90% of Orient Bank Uganda
I&M Holdings PLC has issued a cautionary announcement advising its shareholders of a proposed transaction between the bank and Uganda’s Orient bank Limited, which may affect the value of its shares. In the proposed transaction, I&M plans to acquire 90% of the ownership of the Ugandan bank. “Shareholders of I&M Holdings Plc are advised that…
BoU Issues Guidelines On Covid-19 Crisis, Warns Banks Against Levying Extra Fees
The Bank of Uganda (BoU) has warned financial institutions against levying extra charges or fees when restructuring loans for borrowers as the country grapples with the coronavirus pandemic. In the guidelines issued by the acting Deputy Governor, Dr Adam Mugume, on Tuesday, April 14, the banks must also desist from demanding that some borrowers clear…
Adverse Macroeconomic Factors Bite, Compel ERA To Approve New Power Tariffs
The Electricity Regulatory Authority (ERA) has approved new Electricity End-User Tariffs to be charged by Umeme Limited for the supply of Electrical Energy in the Billing Period from October to December 2022. According to documents seen by this website, the hostile economic environment in Uganda compelled the Electricity Regulatory Authority (ERA) to revise increase tariffs…
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…
Ham Vs DTB Case: Troubled DTB Admits To Committing Illegalities, Ham Slaps, Files & Awaits Judgment
Business man Hamis Kiggundu, is awaiting judgment following Diamond Trust Bank’s admissions in court that it committed illegalities in thd ongoing, DTB HAM case. Ham Enterprises (U) Limited (The company) and Diamond Trust Bank (The Bank) had a 10 Year long term Banking relationship where Ham Enterprises (U) Limited as the client made transactions on…
