Search Results

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

Ultimate Uganda

Having Failed to Clear His Shs150Bn Debt, Kampala Emin Pasha Hotel Owner Kenny Losuk Lokule Lands M7 Rescue

Having Failed to Clear His Shs150Bn Debt, Kampala Emin Pasha Hotel Owner Kenny Losuk Lokule Lands M7 Rescue

In 2014, Kampala property mogul/businessman Kennedy Losuk Lokule embarked on construction of the luxurious Emin Pasha Lake View Residence on the rocky terrain of Kampala’s upscale neighbourhood of Muyenga.Reporting by Weekend Vision shows that the 120-r

Ultimate Uganda

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

Ultimate Uganda

Govt Slaps New Taxes on Cigarettes, Beer

Govt Slaps New Taxes on Cigarettes, Beer

The government has announced new tax measures on cigarettes, beer, imports, and agricultural by-product exports in the 2025/26 national budget, in a bid to boost domestic revenue and harmonize with regional tax frameworks.Presenting the budget to Parliament on Thursday, Finance Minister Ma

Ultimate Uganda

Uganda's Treacherous Path: A Shs34tn Gamble on Debt and Unproven Revenue

Uganda's Treacherous Path: A Shs34tn Gamble on Debt and Unproven Revenue

A stark warning has been issued from the corridors of parliamentary oversight, painting a grim picture of Uganda's fiscal health.The Shadow Minister for Finance, Ibrahim Ssemujju Nganda, has cast a critical spotlight on the government's ambitious, and arguably perilous, pl

Ultimate Uganda

Musk turns on Republicans - and gives Trump's big bill a harder path

Musk turns on Republicans - and gives Trump's big bill a harder path

For 130 days, tech billionaire Elon Musk was a "special government employee" working inside the Trump administration to slash what he said were wasteful government programmes and bloated departments.Now, after his exit last week, he is back on the outside. And it is the Tr

Ultimate Uganda

Why getting married abroad could land you with a HUGE bill from the taxman

Why getting married abroad could land you with a HUGE bill from the taxman

Couples marrying abroad could be landed with a huge inheritance tax bill if their foreign wedding is not legally binding, a husband and wife have warned.Antonia Medlicott, 49, and Tim Pindar, 44, tied the knot in 2009 in the wedding of their dreams in&nbs

Ultimate Uganda

Opportunity Bank Basks in Triumph at BoU's Agricultural Credit Facility Awards

Opportunity Bank Basks in Triumph at BoU's Agricultural Credit Facility Awards

It was a night to remember as Opportunity Bank Uganda scooped nine awards at this year's Agricultural Credit Facility Awards(ACF) organised by Bank of Uganda.The awards ceremony was held at the Sheraton Hotel, Kampala to mark 15 years of  the transformative ACF loan scheme,

Ultimate Uganda

Museveni Rallies Kitagwenda on Homestead Income

Museveni Rallies Kitagwenda on Homestead Income

President Museveni, accompanied by the First Lady and Minister of Education and Sports, Janet Museveni, has addressed a rally at Kichwamba Secondary School in Kitagwenda District, thanking residents for their cooperation in maintaining peace and rejecting rebel activities.He credited

Ultimate Uganda

PDM is Part of Our Philosophy From the 1960s- Museveni

PDM is Part of Our Philosophy From the 1960s- Museveni

President Museveni has said that the Parish Development Model (PDM) program is one of the National ResistanceMovement (NRM) government’s deliberate interventions to get people out of poverty.“The program of PDM is part of our philosophy from the 1960s.We didn’t believe th

Ultimate Uganda