The past five years have not gone particularly well for Uganda’s billionaire class. Once the undisputed symbols of local enterprise and ambition, several of the country’s most prominent businessmen have...
The Court of Appeal has upheld a High Court decision ordering Imperial Royale Hotel, one of Kampala’s flagship luxury hotels, to refund government $1.46 million (about UGX 5.05 billion) and...
Concierge Group Ltd (TMCG)—the company behind Rocket Health—seeking temporary injunctions against its co-founder and former Chief Executive Officer, Dr. Davis Musinguzi Musiimenta. TMCG had asked the court to restrain Dr....
Multiple properties in Kampala, Wakiso, and Lira will be sold unless former Kibanda County MP and proprietor of Otada Bus Services, Sam Amooti Otada, pays his loan obligations to an...
The Supreme Court has handed businessman Patrick Bitature a much-needed pause in his long and bruising legal fight with South African investment firm Vantage Mezzanine Fund II Partnership. In a...
The Court of Appeal will tomorrow (Wednesday) deliver its decision over a case in which DTB Limited is challenging last year’s High Court orders that outlawed the loan advanced to businessman…
The Uganda Registration Services Bureau (URSB) under their Insolvency & Receivership mandate has unveiled a week-long training for Judicial Officers. The training was officially opened by the Principal Judge, Justice…
Telecom firm, MTN Uganda Limited has lost a High Court legal battle in which it was challenging the payment of $14, 140,030 (about Shs50billion) as license fees for the three-year…
The Federation of Uganda Employers (FUE) at its 42nd Annual General Meeting has re-elected National Water & Sewerage Corporation (NWSC) Managing Director Dr. Eng Silver Mugisha as its Chairperson The…
Equity Bank Uganda has revised its prime lending rate (PLR) reducing it significantly from 22% to 20.5% with effect from September this year. “We would like to inform our members…
As major airlines stayed grounded, in the period between April and June 2020, Emirates SkyCargo facilitated the movement of essential commodities and other supplies for individual consumers and businesses across…
MTN Uganda has announced five lucky youth who won the public vote, emerging as the winners of the MTN for Good campaign, that was launched early 2020. Following the story…
The Ruparelia Group Chairman and Meera Investments Managing Director, Dr. Sudhir Ruparelia, has declined to appear before Parliament’s Committee on Statutory Authorities and State Enterprises (COSASE) investigating acquisition of properties…
Parliament early this year approved a loan guarantee of 1.4 trillion shillings to Finasi/ROKO, for the construction of the hospital located in Lubowa, Wakiso district. The two construction companies who…
The idiom “throwing good money after bad money” refers to spending more money on something problematic that one has already spent money on, in the (presumably futile) hopes of fixing…
