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Disparities Cited As DPFU Starts Releasing Deposits For Defunct EFC Microfinance Clients
The Deposit Protection Fund of Uganda (DPFU) has begun compensating depositors of EFC Uganda Limited Microfinance, which was liquidated by the Bank of Uganda in January due to liquidity issues.…
KCCA Snores As Motorists Decry Poor State Of Sir Apollo Kaggwa Road
KAMPALA, UGANDA: The sorry state of the stretch between Caltec Academy school and Hot loaf bakery along Sir Apollo Kaggwa road has irked motorists. Sir Apollo Kaggwa road stretches from the…
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Reason Prevails! Ham, DTB Amicably Resolve Shs120 Billion Legal Battle
The long-standing financial dispute between City Young Tycoon Hamis Kiggundu and Diamond Trust Bank (DTB) has come to an end with all court cases dropped. In a closed meeting held between the two Giant C.E.Os; Hamis Kiggundu Group C.E.O Ham Group of Companies and Nasim Devji, the C.E.O of Diamond Trust BankGroup, the duo reasoned…
Kenyan Dairy Farmers Use Reggae Music To Arouse Milking Cows
The farmers have put into action scientific research that shows music has the same effects on animals as it does in human beings. They play reggae music to the cows to help them relax hence increase their milk production. Besides the good music farmers also ensure the cows have good sleeping conditions – This comes days after President…
OIL AND GAS: Government Finally Agrees To Disclose Agreements
The sticking issue of the secrecy around the oil Production Sharing Agreement has kept Ugandans unable to get the answer to the question of how much the country will get from the oil and gas sector. The failure by the government to disclose the details, especially of how the oil revenues will be shared, has…
Big Story: High Court Stays Execution Of Recent Commercial Court Ruling Of Ham-DTB Case
The Kampala High Court has temporarily blocked the execution of the recent ruling against Diamond Trust Bank by the court’s commercial division. The Commercial court Judge, Henry Peter Adonyo had ruled last week that DTB Kenya (DTBK) acted illegally in lending money to Ham Enterprises owned by businessman Hamis Kiggundu, through Diamond Trust Bank Uganda.…
URA Management Changes Were Inevitable – Keith Muhakanizi
Ministry of Finance Permanent Secretary Keith Muhakanizi has revealed that the Uganda Revenue Authority (URA) board on Thursday made several changes in the management of the entity. “The changes at URA are decisions of the board members and are normal changes and I associate myself with the decisions of the board,” Muhakanizi said on Capital FM’s The Capital…