Category: Business

High Court upholds Equity Bank’s $10m loan against Simbamanyo, dismisses fraud claims

High Court upholds Equity Bank’s $10m loan against Simbamanyo, dismisses fraud claims

Simbamanyo house which was acquired by tycoon Sudhir Ruparelia.The Commercial Division of the High Court has dismissed a high-profile legal challenge filed by Simbamanyo Estates Limited, ruling that the $10 million post-import loan facility extended to Eq

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Car Dealers Optimistic as ITMS Speeds Up Digital Number Plates Production

Car Dealers Optimistic as ITMS Speeds Up Digital Number Plates Production

The Intelligence Transport Monitoring System (ITMS) has opened its doors to journalists and key stakeholders for a visibility study at its factory in Kawempe-Tula, offering a rare behind-the-scenes look into the production and installation process of Uganda’s

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Makerere Boss Wants Hostels Turned into Holiday Airbnbs to Boost University Income

Makerere Boss Wants Hostels Turned into Holiday Airbnbs to Boost University Income

Makerere University Vice Chancellor, Prof. Barnabas Nawangwe, has proposed a creative idea to boost the institution's revenue—renting out university hostels during holidays. According to him, this approach would not only bring in extra income but also make goo

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KIU celebrates academic excellence as over 60 students graduate with first-class honors

KIU celebrates academic excellence as over 60 students graduate with first-class honors

Graduands at 31st Kampala International University graduation held at Ishaka-Bushenyi Municipality.Ishaka–Bushenyi– Kampala International University (KIU) today marked a significant academic milestone during its 31st graduation ceremo

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4 Ugandans posing as Energy Ministry officials Steal $5m from Turkish investor

4 Ugandans posing as Energy Ministry officials Steal $5m from Turkish investor

A criminal on handcuffs (internet photo)A Turkish investor has fallen victim to a high-level fraud syndicate in Uganda, losing a staggering $4.95 million in a fictitious chemical supply deal allegedly linked to the Ministry of Energy and Mineral Developme

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Global Energy Independence Day: Equity Bank’s Commitment to Energy Sustainability

Global Energy Independence Day: Equity Bank’s Commitment to Energy Sustainability

As the world marks Global Energy Independence Day 2025 on July 10th 2025, Equity Bank Uganda is leading the charge toward sustainable energy access with its bold commitment to clean energy financing.The bank has emerged as a key driver of clean energy access through its transformative Equi

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Africa’s Digital Economy Hits $180 Billion – Here’s What It Means for Uganda

Africa’s Digital Economy Hits $180 Billion – Here’s What It Means for Uganda

Africa’s digital economy is now worth over Shs 680 trillion—and this is just the beginning.But what does that even mean for a typical Ugandan who sells newspapers in the taxi park, owns a boda boda, or simply has a smartphone?The digital economy in itself refers to business

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US tech CEO resigns after Coldplay concert embrace goes viral

US tech CEO resigns after Coldplay concert embrace goes viral

A US tech company says its chief executive has quit after he was apparently caught on a big screen at a Coldplay concert embracing a female co-worker, in a clip that went viral.Astronomer said in a statement: "Andy Byron has tendered his resignation, and the Board of Directors has accepted

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ACCA and Deloitte Uganda Launch 9th CFO Awards to Celebrate Financial Leadership

ACCA and Deloitte Uganda Launch 9th CFO Awards to Celebrate Financial Leadership

The Association of Chartered Certified Accountants (ACCA) Uganda and Deloitte Uganda have launched the 9th edition of the Chief Financial Officer (CFO) Awards.Organised under the theme, “CFO Vision: Creating Impact and Legacy,” the 2025 awards will spotlight finance leaders who are not

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Roke Telkom Champions Local Innovation, Infrastructure at National ICT Summit

Roke Telkom Champions Local Innovation, Infrastructure at National ICT Summit

The second National ICT Summit concluded today at the National ICT Innovation Hub in Nakawa, wrapping up a successful two-day gathering focused on scaling Uganda’s digital economy through innovation and inclusion.Convened by the ICT Association of Uganda (ICTAU), with support from R

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