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The Capital Markets Authority has confirmed the arrest of two directors and an employee of “Vetaplan Chicken” following a major two-year investigation into an alleged investment scam that swindled over UGX 757.5 million (approx. $200,000 USD) from unsuspecting members of the public. That investigation reached a head last week with the arrest of Tanzanian national, 42-year-old Lugeleka Eric Talemwa, one of the company’s directors. Talemwa was arrested at the Uganda-Kenya border in Busia on June 30, amid what authorities believe was an attempt to flee the country. Two days later, the second director, 39-year-old Eve Gershom Tania, and 30-year-old Bob Anthony…
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Media entrepreneur and State Minister for Children and Youth affairs, Balaam Barugahara, has applied for the transfer of a license from Radio One Limited to Baitu Group Limited, according to a public notice from Uganda Communications Commission (UCC). The UCC public notice shows Minister Barugahara under his Baitu Group, has applied for the Radio one license with Mbale District being his area of operation. Radio census details from ICT Ministry show, Radio One Limited whose proprietor is former Finance Minister, Maria Kiwanuka, broadcasts in different frequencies in several districts across Uganda, including Radio One 90.0 in Kampala, Radio One at…
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There can’t be too many bankers who choose to leave the hallowed halls of banking for the dusty and gritty world of concrete factories and stone quarries but that’s exactly what Simon Ssekankya, founder of Hardware World, did in 2001. To be fair, he has come a long way since those early days and spends more time now in his office atop Hardware World in Ntinda, plotting the expansion of his empire. From humble beginnings as a small hardware shop in Kalerwe, Mr. Ssekankya is naturally proud of what he boasts is the region’s first Hardware Supermarket which stocks everything…
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