Category: Business

Tycoon Meddie Ssebagala’s Electronics Empire Faces Collapse Over Shs 1.2 Billion DTB Loan

Tycoon Meddie Ssebagala’s Electronics Empire Faces Collapse Over Shs 1.2 Billion DTB Loan

Prominent businessman Muhammed Ssebagala, proprietor of Ssebagala & Sons and owner of the Light of the World Electrical Shops in Kiyembe, is staring at the collapse of his once-thriving electronics empire as financial troubles deepen.Court bailiffs, a

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dfcu shareholders receive 121% dividend boost as profits surge to Shs 72.1bn

dfcu shareholders receive 121% dividend boost as profits surge to Shs 72.1bn

dfcu Annual General MeetingShareholders of dfcu Limited are set to earn a 121 per cent increase in dividend payout for 2024, rising to Shs 20.09 per share from Shs 9.10 in 2023, following a remarkable turnaround in the bank’s financial performance.

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Scammed and Stranded: Family Faces Land Loss After Don Chris Travel Fraud

Scammed and Stranded: Family Faces Land Loss After Don Chris Travel Fraud

One of the many victims affected by the travel scam involving Don Chris has come forward with a heartbreaking story. The young woman, who preferred to remain anonymous, revealed the extent of her family's financial sacrifice to fund her dream of traveling abroad

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The Rise And Fall Of The Aponye Business Empire: From Agro Giant To Debt Distress

The Rise And Fall Of The Aponye Business Empire: From Agro Giant To Debt Distress

For decades, the name Aponye stood tall in Uganda’s business circles, synonymous with agro-processing success, expansive real estate investments, and strategic government supply contracts.Founded by the late Apollo Nyegamehe, commonly

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Ghana’s search for Umeme

Ghana’s search for Umeme

Ghana is considering reform in the energy sector, with Umeme in mind How this West African country is looking to the success Uganda has just destroyed to solve its electricity crisisTH

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NSSF collects shs1.7 billion as savings on jobs through Hi-Innovator program

NSSF collects shs1.7 billion as savings on jobs through Hi-Innovator program

NSSF Managing Director, Patrick AyotaKampala, Uganda | The National Social Security Fund (NSSF) has collected at least 1.7 billion Shillings in savings from new contributors employed through its Hi-Innovator program.This comes in after five years of this enter

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Tycoon Sudhir Ruparelia to Headline UK-Africa business Summit in London

Tycoon Sudhir Ruparelia to Headline UK-Africa business Summit in London

Dr Sudhir will share his business success at the UK-Africa investment summit in London after attending the PAP awards in Kampala. (file photo)Uganda’s business magnate Dr. Sudhir Ruparelia will headline the much-anticipated UK-Africa Business Summit set

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Top Tallest Buildings in Uganda for 2025

Top Tallest Buildings in Uganda for 2025

NSSF Pension TowersUganda is witnessing a dramatic shift in its urban landscape. Kampala, the nation’s capital, is rapidly expanding, with modern skyscrapers increasingly defining its skyline.Among the most prominent structures is the NSSF Pensio

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Farewell USAID in Uganda

Farewell USAID in Uganda

USAID road localisation show. USAID had embarked on funding locally lead initiatives across Uganda. PHOTO URNKampala, Uganda | USAID has been present in Uganda for over sixty years. It has funded development in agriculture, education

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Uganda Overtakes Ethiopia as Africa’s Top Coffee Exporter

Uganda Overtakes Ethiopia as Africa’s Top Coffee Exporter

Uganda overtook Ethiopia to become Africa’s leading coffee exporter, marking a major milestone for the country's agriculture sector and export economy.According to the latest export figures for May 2025, Uganda exported 47,606.7 tonnes of coffee—surpassing Ethiopia’s 43,481 tonnes in

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