City Lawyer Isaac Ssemakadde says Bank of Uganda and its legal advisors are wrongly interpreting the financial institutions Act by moving ahead illegally to liquidate Crane Bank Limited. According to him, there are two court rulings already from the High Court commercial division and the Court of Appeal which all pin Bank of Uganda for…
Have you ever wished to go basking in the sun or play soccer at your favourite beach only to find it submerged in water? Lake Victoria has burst its shoreline and the impact of the ever rising water levels is bringing more trouble for beach owners and goers than before. Many commercial facilities on the…
As, promised, City Tycoon Dr. Sudhir Ruparelia through the Ruparelia Foundation has delivered two brand new Tata Xenon Pickups to the National Taskforce as they execute their duties in the fight against Coronavirus. By presstime, Ruparelia Foundation is waiting for the Taskforce, led by Hon. Min. Karooro Okurut and Prime Minister Dr Ruhakana Rugunda to…
The management of Meera Investments Limited has petitioned finance minister opposing some of clauses in the proposed Tax Amendments Bill, 2020. The Ministry of Finance, Planning and Economic Development tabled before Parliament five bills, which include; Excise Duty Amendment bill 2020, Value Added Tax bill 2020, Income Tax Amendment bill 2020, Stamp Duty Amendment Bill…
In response to President Yoweri Kaguta Museveni’s appeal to all factories and companies in Uganda to donate at least one brand new vehicle that will help the National Taskforce in their efforts to combat the deadly Coronavirus (COVID-19), City Mogul, Tycoon Sudhir Ruparelia through the Ruparelia Foundation has donated two brand new Tata Xenon pickups,…
