Category: Business

Umeme Says It’s Been Compelled to Hand Over Electricity Distribution; Considers Arbitration in London

Umeme Says It’s Been Compelled to Hand Over Electricity Distribution; Considers Arbitration in London

Umeme insists that the government’s audit undervalues the company’s investment and has formally notified authorities of a dispute under Section 9.1 of the Support AgreementInside and outside the Ntinda substation in Kampala, where Umeme r

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The likely future of UEDCL

The likely future of UEDCL

FILE PHOTO: A Umeme worker sorts a problem. March 31st is a turning point for Uganda in the electricity distribution sectorHow this well-structured and managed organization may turn into a political battlefield, leaving Ugandans in th

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Umeme Official Leaks a Fresh Massive Scandal Among MPs & Umeme Management

Umeme Official Leaks a Fresh Massive Scandal Among MPs & Umeme Management

A major controversy has erupted after revelations that Parliament initially approved USD 190 million for the Umeme buyout, despite the actual cost being USD 127 million.The shocking disclosure was made by Jonan Ki

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Court Orders Sale of Emerald Hotel over ABSA Loan

Court Orders Sale of Emerald Hotel over ABSA Loan

Kampala, Uganda – The Court of Appeal has directed the appointed receiver to audit and sell Emerald Hotel in Kampala within six months under court supervision.This decision overturns a prior High Court judgment

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	What Will Happen to 90% of UMEME Staff Amid UEDCL Takeover

What Will Happen to 90% of UMEME Staff Amid UEDCL Takeover

Big changes are happening in Uganda’s electricity sector as UMEME’s 20-year concession officially comes to an end on March 31. With this shift, many people have been concerned about what will happen to UMEME workers.

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Centenary Bank Staff Shocks Nation, Caught on Camera Reporting to Work Drunk

Centenary Bank Staff Shocks Nation, Caught on Camera Reporting to Work Drunk

A shocking video has emerged of a Centenary Bank staff member, identified as Bernard, reporting to work in a drunken state.The video, which has been circulating on social media, shows Bernard slumped over his desk

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Meet the Ugandan Ministers Who Own Multi-Million Dollar Homes Abroad

Meet the Ugandan Ministers Who Own Multi-Million Dollar Homes Abroad

Several Ugandan ministers have amassed significant wealth, allowing them to own multi-million dollar homes abroad. These luxurious properties reflect their status and success, often sparking public interest and scrutiny.One notable example is Captain George Mike Mukula, the National Resist

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Charles Mbire pays Shs 5 million in Taxes per Day  to URA

Charles Mbire pays Shs 5 million in Taxes per Day to URA

Ugandan businessman and investor Charles Mbire has emerged as one of the country’s highest individual taxpayers, with a staggering UGX 5.4 million deducted daily in taxes from his MTN Uganda dividends alone.Foll

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Absa expands card portfolio with launch of exclusive Visa infinite, signature, business cards

Absa expands card portfolio with launch of exclusive Visa infinite, signature, business cards

Absa Bank Uganda, in partnership with Visa, has launched three new premium card solutions—Infinite, Signature, and Business Credit Cards—designed to cater to the unique needs of affluent and business customers.The Infinite Card, a globally recognized ultra-premium debit or credit card,

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Spiro partners with Airtel Money to ease electric motorcycle financing

Spiro partners with Airtel Money to ease electric motorcycle financing

Spiro , one of Africa's largest EV players working with partners like Gnugrid CRB and Airtel Money have introduced the country's first AI electric motorcycle market.Under this new initiative, anybody connected to Airtel will be in position to initiate the whole process of obtaining a new m

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