Business

Latest business reporting and analysis for Uganda.

Ugandan accountant embezzles Shs8 billion from Nick Cannon

Ugandan accountant embezzles Shs8 billion from Nick Cannon

Frank Musoke, a former money manager for high-profile clients, is accused of embezzling over 8 billion UGX from American entertainer Nick Cannon. Musoke, a Ugandan national, worked as an account manager at a top Beverly...

Ultimate Uganda

Ultimate Uganda

Fairway Hotel, Kampala downtown flooded after afternoon downpour

Fairway Hotel, Kampala downtown flooded after afternoon downpour

A heavy Thursday afternoon downpour flooded Fairway Hotel and several parts of downtown Kampala, disrupting businesses and exposing the city’s drainage challenges.Fairway Hotel and several parts of downtown Kampala wer...

Ultimate Uganda

Ultimate Uganda

Unoc starts discharging 100 million litres of fuel

Unoc starts discharging 100 million litres of fuel

Uganda National Oil Company (Unoc) said on Wednesday it had begun discharging nearly 100 million litres of fuel at the port of Mombasa, with the first consignments expected to reach Uganda within days amid rising pump pr...

Ultimate Uganda

Ultimate Uganda

Kamuli traders in tears as 68 lock-ups are returned to council

Kamuli traders in tears as 68 lock-ups are returned to council

Traders and businessmen were left in shock and tears after the Minister of Local Government, Raphael Magyezi, ordered that lock-ups whose leases had expired revert to the ownership of Kamuli Municipal Council.“Your 20-...

Ultimate Uganda

Ultimate Uganda

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