Category: Business

South Sudan Gold Dealer Malong In More Trouble Over Fraud, Money Laundering As Court Freezes His Bank Accounts, Multibillion Properties Caveated…

South Sudan Gold Dealer Malong In More Trouble Over Fraud, Money Laundering As Court Freezes His Bank Accounts, Multibillion Properties Caveated…

Justice Micheal Elubu of the Anti-Corruption Division of the High Court has issued a Court order freezing bank accounts opened in the names of General Trading Limited registered in Stanbic Bank, land titles and documents connected to controversial South Sudan gold dealer Henry Ochown alias Malong

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Rwandan national jailed over botched Shs725 million Stanbic Bank fraud

Rwandan national jailed over botched Shs725 million Stanbic Bank fraud

Elizabeth Mbabazi, a Rwandan National who has been Convicted testifying Against her co Accused at Buganda Road Court.Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrate’s Court has convicted a Rwandan national, Elizabeth Mbabazi, for her role in the attempted theft of 7

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Collin Hotel, Mukono Bookshop Tycoon Kasozi In Tears As Court Allows Auctioning Of His Multibillion Empire Over Shs778m Loan..

Collin Hotel, Mukono Bookshop Tycoon Kasozi In Tears As Court Allows Auctioning Of His Multibillion Empire Over Shs778m Loan..

Justice Joyce Kavuma of the Civil Division of the High Court has dismissed with costs the application filed by Mukono based businessman Augustine Kasozi the proprietor of the famous Collins Hotel and Mukono Bookshop seeking to stay the auctioning of his multibillion empire over Shs778m unpaid loa

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City tycoon Ruparelia loses millions of shillings in land dispute case

City tycoon Ruparelia loses millions of shillings in land dispute case

KAMPALA: The High Court in Kampala has awarded Shs81.4 million in compensation to Dr. Peter Musoke Gukiina in a long running land dispute involving businessman Sudhir Ruparelia and Speke Hotel 1996 Limited.In her judgment delivered on Wednesday morning, Justice Patience Basaza Wasswa ruled

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Mobile money taxes reversing digital financial inclusion in Uganda

Mobile money taxes reversing digital financial inclusion in Uganda

Uganda’s mobile money tax policy is threatening to reverse years of digital financial inclusion by driving low-income users back to cash. With 43 million accounts processing 326.3 trillion shillings annually, experts warn that excise duties on withdrawals and service fees are making digital pay

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SHELL SHAKE-UP! With 600 Stations On Sale in S. Africa — Uganda Not Spared as Two Prime City Petrol Sites Hit Market

SHELL SHAKE-UP! With 600 Stations On Sale in S. Africa — Uganda Not Spared as Two Prime City Petrol Sites Hit Market

A quiet but significant ripple from the global oil industry is now being felt in Uganda after Vivo Energy Uganda announced plans to sell two of the most strategically located Shell-branded petrol stations in the heart of Kampala.The move comes as the multinational energy giant Shell plc co

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M7’s Son-In-Law Claims Stake in Thriving Spiro Boda Boda Business

M7’s Son-In-Law Claims Stake in Thriving Spiro Boda Boda Business

When rows of young Ugandans report for work on the assembly line of electric boda boda motorcycles, Presdeitn Yoweri Museveni’s son-in-law Odrek Rwabwogo says he sees more than machines and tools. He sees a future where Uganda builds more of what it uses.Odrek Rwabwogo, the husband of Pa

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Kireka 14Bn Market Project Cleared As IGG Brings Stakeholders Together

Kireka 14Bn Market Project Cleared As IGG Brings Stakeholders Together

Deputy IGG Anna Muhairwe greets an old man after the Kireka market redevelopment-related meeting at Kira Municipal Council headquarters. Deputy IGG Ann Muhairwe arrives to tour the Kireka market. Having existed since the early 1970s, Kireka main market is one of Uganda’s oldest ye

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Over 7,000 illegal gaming machines worth Shs8.8 billion seized across Uganda

Over 7,000 illegal gaming machines worth Shs8.8 billion seized across Uganda

Kampala, Uganda | THE INDEPENDENT | More than 7,000 illegal gaming machines worth Shs8.8 billion have been seized across Uganda over the past five years in operations aimed at curbing unlicensed gaming and protecting the public from exploitation. The enforcement operations, conducted from the 202

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Toto Wolff and Rory McIlroy's £450m investment after Man Utd talks with Sir Jim Ratcliffe

Toto Wolff and Rory McIlroy's £450m investment after Man Utd talks with Sir Jim Ratcliffe

Mercedes Formula 1 boss Toto Wolff held talks with Sir Jim Ratcliffe about potentially taking part in a Manchester United takeover alongside the billionaire back in 2023. Ratcliffe's takeover was confirmed by the club on Christmas Eve that year, but Wolff has since shifted his focus toward anothe

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