The Big Story

Dei Minerals director Magoola gives reasons why Court should quash arrest warrant over UGX268b dispute with ex-minister Musumba

CEO ReporterThe Big StoryMarch 2, 2022March 2, 2022

Mathias Magoola, the managing director of Dei Minerals International, a minerals firm, has appealed against the warrant of arrest issued against him for alleged failure to pay over UGX268b in…

Ugandan economy to bounce back stronger, economists Affirm

CEO ReporterBanking & Financial ServicesThe Big StoryFebruary 15, 2022February 15, 2022

Uganda’s economy will register progressively steady growth in the next 3 to 5 years as the country bounces back from more than two years of battling the Covid-19 pandemic which…

10 Ugandans who made Uganda proud home and away, according to David Bikhado Ofungi, the Founder and CEO, Dero Capital

David Bikhado OfungiThe Big StoryFebruary 14, 2022December 27, 2024

This list includes trendsetters and mavericks who might generally be unknown or may not be as very popular but have eventually burst to fame courtesy of some hard-to-ignore milestones in…

BILLIONAIRE LIFESTYLE: At home with Sudhir Ruparelia- Exclusive hhotos inside the US$10 million and 13,000 sqm Ruparelia Residence

Muhereza KyamuteteraThe Big StoryThe Executive TravelerFebruary 12, 2022December 19, 2024

Dr. Sudhir Ruparelia is undoubtedly Uganda’s richest man and one of East Africa’s top 5 wealthy people. His Meera Investments Ltd is the largest developer of commercial and residential space,…

VIDEO: A victorious Dr. Sudhir hits at BoU: You stole my Bank, but your incompetent and corrupt legal department and expensive-for-nothing external lawyers couldn’t save you

Muhereza KyamuteteraCompany NewsLegal & JusticeNews & AnalysisThe Big StoryFebruary 11, 2022February 11, 2022

Minutes after legally slaying Bank of Uganda, for the nth time, but this time for good, Dr. Sudhir Ruparelia, has hit at certain officials of the central bank for stealing…

New Vision Suspended from Uganda Securities Exchange Trading

CEO ReporterThe Big StoryFebruary 11, 2022February 13, 2022

Uganda Securities Exchange (USE) has instituted a security halt on the New Vision Printing and Publishing Company limited (NVL) activity on the USE market. According to USE, the move comes…

Supreme Court permanently dismisses Bank of Uganda’s case against Dr. Sudhir Ruparelia

Muhereza KyamuteteraLegal & JusticeNews & AnalysisThe Big StoryFebruary 11, 2022February 11, 2022

Five Justices of the Supreme Court have today unanimously delivered the last stroke that has broken the back of Bank of Uganda’s 5-year failed attempt to sue billionaire businessman, Dr…

7 reasons why Uganda declined to join the Extension of the International Coffee Agreement 2007

CEO ReporterNews & AnalysisThe Big StoryFebruary 10, 2022February 10, 2022

A total of 77 Members of the International Coffee Council, meeting in London on 28 September 2007 signed the International Coffee Agreement (ICA) 2007, the seventh Agreement since 1962. The…

SEACOM acquires Africell Uganda Assets to Continue Expanding its East African Footprint

CEO ReporterCompany NewsNews & AnalysisThe Big StoryFebruary 10, 2022February 10, 2022

SEACOM, the pan-African telecommunications service provider, today announced it will acquire selected infrastructure assets from Africell in Uganda. The acquisition marks a significant step for SEACOM and is a testament…

Standard Chartered Bank’s Razia Khan: Even with FID Out, Uganda’s economy will improve only gradually

CEO ReporterBanking & Financial ServicesBusiness & MarketsNews & AnalysisThe Big StoryFebruary 8, 2022February 8, 2022

“While Uganda will become an oil producer in the years ahead, we see only a gradual return to the pre-COVID growth trend of c.6%. We now forecast growth of 5.1%…