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“Banks Are a Good Source Of Start-Up & Expansion Capital But Not For Long-Term Sustainable Progress” – Businessman Hamis Kiggundu Tips Ugandans

Uganda’s prominent businessman Hamis Kiggundu alias Ham has advised upcoming Ugandan entrepreneurs not to fear using banks for growth and starting up businesses. He, however, cautioned them not to ever rely on such loans as a long-term sustainable muscle of their business expansion because banks will always feast on their businesses since they are driven…

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Uganda Airlines Records Increase In Passenger Numbers As World Economies Open Up After Two Years Of Lockdown

Uganda Airlines has registered an increase in the number of passengers as economies across the world fully open up. According to Shakila Rahim Lamar, the Corporate Affairs & Public Relations Manager at Uganda Airlines has revealed that following the reopening of the Ugandan economy in January 2022, the response has been encouraging, noting that passengers…

DTB Vs Ham Case: Controversial Principal Judge Delays Compensation Of Businessman Ham, Reveals One Of The Parties Tried To Bribe Him

The Principal Judge, Dr. Flavian Zeija has revealed that one of the parties in the Diamond Trust Bank vs Hamis Kiggundu Shs120bn case tried to bribe him to influence his decision. “I was flabbergasted by one of the parties sending emissaries to me with financial proposals in order to influence my decision. This is disgusting,…

City Businessman Obadia Ntebekaine Sweats Plasma As Court Orders For His Re-arrest Over Failure To Pay Shs11bn Prime Finance Loan

High Court in Kampala has ordered for the re-arrest of businessman Obadia Ntebekaine for failure to pay Prime Finance 304,595 US Dollars and Damages of 12Million shillings. Businessman Obadia Ntebekaine was dragged to the High Court by Prime Finance Company over his failure to pay $3.2million (sh11.8billion) in a case dating way back in 2008.…

MP Abdul Katuntu Welcomes Constitutional Court’s Stripping Of Legal Immunity From Bank of Uganda Officials

Bugweri County Member of Parliament Abdu Katuntu has welcomed the ruling by Constitutional Court stripping of legal immunity from Bank of Uganda saying it was long overdue. Mr. Katuntu is a seasoned legislator who chaired the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) of parliament that investigated Bank of Uganda on the issue…

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