Company News

Asset financing platform M-KOPA Expands to Nigeria, Appoints Babajide Duroshola New Country General Manager

CEO ReporterCompany NewsNews & AnalysisJuly 12, 2021July 12, 2021

M-KOPA,the leading connected asset financing platform, has expanded to Nigeria and named Babajide Duroshola as the new General Manager. In a statement, the company says the move into the Nigerian…

Bidders resort to blackmail as KCCA selects contractors for $288m AfDB road projects

CEO ReporterCompany NewsNews & AnalysisJuly 12, 2021July 12, 2021

As the team at Kampala Capital City Authority (KCCA) enters the final stage of evaluating contractors for upcoming road projects, some bidders, afraid of the process, have resorted to blackmail….

UNRA appeals against dismissal of Shs21 billion case against Dott Services

Ephraim KasoziCompany NewsLegal & JusticeNews & AnalysisJuly 12, 2021July 12, 2021

The Uganda National Roads Authority (UNRA) has appealed against the dismissal of a case in which it was seeking to recover more than Shs21 billion from contractor, Dott Services Limited….

Tax Appeals Tribunal permits URA to collect over UGX 21 billion from Game Discount World

CEO ReporterCompany NewsLegal & JusticeNews & AnalysisJuly 12, 2021July 12, 2021

The Tax Appeals Tribunal (TAT) awarded Uganda Revenue Authority (URA), also referred to as the Respondent, the right to collect a tax liability of UGX 21,485,110,040 from Game Discount World…

Private sector tasks government on favorable post-Covid-19 recovery policies

CEO ReporterCompany NewsNews & AnalysisJuly 11, 2021July 12, 2021

Private sector players have charged government to implement policies that support recovery of businesses especially in the midst of the pandemic. The second wave of the COVID-19 pandemic in Uganda…

Court orders Stanbic to pay UGX230m to businessman for declining to extend a UGX500m loan that it had already approved

Ephraim KasoziCompany NewsLegal & JusticeJuly 10, 2021July 10, 2021

Hon. Justice David Wangutusi of the Commercial Division of the High Court has ordered Stanbic Bank to pay over UGX230 million to an Iganga businessman, Mr Isanga Dauda, for illegally…

HOW SAFE IS YOUR MONEY IN THE BANK? 18 things that you need to know about the Deposit Protection Fund of Uganda (DPF)

Muhereza KyamuteteraBanking & Financial ServicesBusiness & MarketsCompany NewsPolitics & GovermentJuly 10, 2021July 10, 2021

A bank or deposit-taking institution should be the most secure place to keep your money away from any risk. But from time to time, even these institutions fail, and the…

Alan N. Lwetabe quits Bank of Uganda to head investments Directorate at the Deposit Protection Fund of Uganda

CEO ReporterCompany NewsJuly 10, 2021July 10, 2021

Alan N. Lwetabe, CFA, CAIA, CIPM; has joined the Deposit Protection Fund of Uganda (DPF) in the capacity of Director of Investments from 1 July 2021. He joins the DPF…

MEGA PROJECT: Ruparelia Group’s Meera Investments, breaks ground for USD15 million office and retail tower at Kitante, Kampala

CEO ReporterCompany NewsNews In PicturesThe Big StoryJuly 10, 2021September 23, 2022

Meera Investments Limited, the property development arm of the Ruparelia Group, this month broke ground for the construction of Tower 1, a 12-storied retail and office property, in Kitante, in…

Hostalite Founder Dickson Mushabe Appointed to the Board of Makerere Innovation and Incubation Centre

CEO ReporterCompany NewsNews & AnalysisThought LeadershipJuly 9, 2021July 9, 2021

Hostalife founder Dickson Mushabe has been appointed to the board of the Makerere Innovation and Incubation Center (MIIC).“This appointment is in recognition of the key roles you play in the…