Anti Corruption Activists Demand Central Bank Probe Over Crane Bank Collapse

Anti Corruption Activists Demand Central Bank Probe Over Crane Bank Collapse By Stuart Yiga The Anti corruption activists call for an immediate probe into the operations of the central Bank in light of accusations of mismanagement linked to the collapse of Crane Bank and alleged abuse of public funds Some staff in the supervision department of […]

Read More

M7 Urged To Emulate Ethiopia And Kenya On Investment Parks

M7 Urged To Emulate Ethiopia And Kenya On Investment Parks  As Free Zones Authority begins work By John V Sserwaniko Juliet Musoke, the Executive Director for Uganda Flowers Exporters Association (UFEA), has urged President Museveni to prioritize funding the establishment of Agricultural Investment Parks to support floriculture farms like the Ethiopian and Kenyan governments are […]

Read More

Banks Are Killing Us – Investors Cry To M7

Banks Are Killing Us – Investors Cry To M7 By John V Sserwaniko Investors operating in Uganda have used their annual meeting with line minister Evelyn Anite to appeal to President Museveni to help them escape exorbitant interest rates charged by banks by availing them cheaper sources of credit to fund their long term investments. […]

Read More

Amelia Kyambadde Condemns Excessive Force by KCCA Officers

Amelia Kyambadde Condemns Excessive Force by KCCA Officers The Minister for Trade, Industry and Cooperatives Amelia Kyambadde has condemned the manner in which KCCA enforcement officers handle street vendors especially women, saying excessive force is uncalled for. This follows the death of a one Olivia Basemera on Friday August 5th as she tried to escape from […]

Read More

DFCU Summoned Over Crane Bank’s Uncleared Debts

DFCU Summoned Over Crane Bank’s Uncleared Debts The Commercial Court has summoned DFCU bank to file a defence within 15 days explaining why it has refused to pay-off debts that were incurred by the defunct Crane Bank. This follows a suit filed by an advertising company; Premier Advertsing and media Ltd against DFCU bank, claiming […]

Read More

Sudhir Drops Off Africa’s Billionaires List

Sudhir Drops Off Africa’s Billionaires List Africa has 10 billionaires this year down from 12 last year, according to FORBES magazine. Uganda’s Sudhir Ruparelia’s wealth evaporated when his treasured Crane Bank crushed and burned and got sold off to DFCU bank, and he vanishes from the list. Sudhir used to be estimated at net worth […]

Read More

Economic Experts Want Cooperatives Revived

Economic Experts Want Cooperatives Revived Economic experts have hailed the role of cooperatives in economic development arguing that they are still relevant following concerns of a struggling economy. They argue based on their potential to increase vibrancy in economic activity especially in the agriculture sector. Economist, Dr.Fred Muhumuza says all strategies outlined in the budget […]

Read More

Africell Bundles Make Life For Social Media Addicts

Africell Bundles Make Life For Social Media Addicts The past couple of weeks have seen the Ugandan media awash with wars amongst top telecoms on which one was offering the real deal and which one was cheating. Africell emerged the winner in these this as many smartphone users took to social media applauding Africell for, […]

Read More

British American Tobacco Under Investigation Over Corruption

British American Tobacco Under Investigation Over Corruption Britain has opened a formal investigation into suspicions of corruption at British American Tobacco (BAT) and its subsidiaries, nearly two years after allegations of bribery in Africa first surfaced. The world’s largest international tobacco company said in a statement it intended to cooperate with the investigation but did […]

Read More

Pepper Publications Group Impresses Movit Boss

Pepper Publications Group Impresses Movit Boss Movit Products Limited’s Public Relations/Advertising Manager, Robert Kitenda Gobii left the Pepper Publications Group (PPG) Namanve based premises shaking his head vertically in appreciation of the excellent work being done. This was after a courtesy visit on Monday by Kitenda to PPG that was aimed at having a more […]

Read More

How MTN M. Money Is Changing Users’ Lives

How MTN M. Money Is Changing Users’ Lives It’s been eight years since MTN launched MTN Mobile Money (MMM)-the life changing financial service.  Since 2009 no one knew how much of an impact this service would have on ordinary people’s lives and on the economy. It started as a means to remit funds, buy airtime […]

Read More

MPs Want Bank Of Uganda In­ves­ti­gate over Crane Bank Saga

MPs Want Bank Of Uganda In­ves­ti­gate over Crane Bank Saga Bu­dadiri West MP Nathan Nan­dala Mafabi has asked Par­lia­ment to in­ves­ti­gate al­leged cases of negligence by the Bank of Uganda, in re­la­tion to the col­lapse of Crane Bank. Mafabi, in a mo­tion tabled to Par­lia­ment on Thursday, con­tended that the Cen­tral Bank only turned a […]

Read More

The end of Stuttafords: After 159 years, ‘Harrods of South Africa’ shuts Shop

The end of Stuttafords: After 159 years, ‘Harrods of South Africa’ shuts Shop Department store Stuttafords, the 159-year-old “Harrods of South Africa”, is closing down, victim of a global shift to online retail and a domestic economic slump that has put brands such as Ted Baker and Gap beyond its customers’ reach. Mirroring the fortunes […]

Read More

Sudhir Ventures Into Kyeyo Recruitment Biz

Sudhir Ventures Into Kyeyo Recruitment Biz Having lost Crane Bank to DFCU, city tycoon Sudhir Ruparelia has turned to labor export as another option. Last week, the embattled businessman advertised Premier Recruitment Limited in a local daily, as it is requirement so as to acquire license. Information available indicates that Premier Recruitment Limited, which he […]

Read More

Photos: Excitements As Dwon Luo Newspaper Launches

Photos: Excitements As Dwon Luo Newspaper Launches By Milton Emmy Akwam The Pepper Publications Limited finally launched its long awaited regional vernacular newspaper on Monday in Lira and Acholi regions, amid excitement from the communities. Dwon Luo becomes the latest brand of the Pepper Group, covering Lango, Acholi and West Nile regions. The regional launch […]

Read More

UTL Recovery: The Inside Story

UTL Recovery: The Inside Story M7, Anite and Bemanya role revealed By John V Sserwaniko With a monthly saving of over Shs1.5bn being made every month on the company’s operational expenses, there are indicators Uganda Telecom (UTL) is steadily recovering. The UTL crisis was highlighted in Parliament’s report of May showing the company had an […]

Read More

Housing Finance Bank Seeks 30bn Capitalization From Government

Housing Finance Bank Seeks 30bn Capitalization From Government Hous­ing Fi­nance bank of­fi­cials ap­peared be­fore the Na­tional Econ­omy com­mit­tee this week to re­quest for capitaliza­tion of the bank to the tune of UGX 30 Bil­lion. The team from the bank led by Michael Mugabi, Ex­ec­u­tive Di­rec­tor – Op­er­a­tions was ac­com­pa­nied by the David Ba­hati, State Min­is­ter, […]

Read More

UIA’s Jolly Kaguhangire’s 1st 100 Days Audited As Top Tax Payers’ List Leaks

UIA’s Jolly Kaguhangire’s 1st 100 Days Audited As Top Tax Payers’ List Leaks By John V Sserwaniko On April 1st, Jolly Kaguhangire Kamugira took office as the Executive Director Uganda Investment Authority (UIA), a body charged with policy advisory roles, attraction and retention of credible investors to Uganda. On expiry of her first 100 days […]

Read More

Middle East Consultants Sees Off 91 Youths to Work in Oil and Gas Company

Middle East Consultants Sees Off 91 Youths to Work in Oil and Gas Company By Serestino Tusingwire The leading labor export firm, Middle East Consultants Limited on Monday, 17th July, 2017 sent another bunch of 91 youths to work for heavy salaries abroad. The youths were taken to work in the biggest Oil and Gas […]

Read More

UNFFE’S 25th National Agricultural Show Opens Today

UNFFE’S 25th National Agricultural Show Opens Today By Joshua Besigye The Uganda National Farmers’ Federation has today opened its 25th National annual agricultural show at the source of river Nile in Jinja town. The show will be on between today, 17th and 23rd September, 2017. The show which they have branded the silver jubilee is […]

Read More

News From The Rest Of The Wold

Loading...