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

Tragic Murder in Nakiwogo: Jealousy Suspected as Motive in Killing of David and Deborah Mutaaga

Tragic Murder in Nakiwogo: Jealousy Suspected as Motive in Killing of David and Deborah Mutaaga

Tragic details have emerged surrounding the brutal murder of David and Deborah Mutaaga, a couple who had recently returned to Uganda after living in Switzerland for over 30 years. According to police investigations, the attacker is believed to be a close family

Ultimate Uganda

The Rise And Fall Of The Aponye Business Empire: From Agro Giant To Debt Distress

The Rise And Fall Of The Aponye Business Empire: From Agro Giant To Debt Distress

For decades, the name Aponye stood tall in Uganda’s business circles, synonymous with agro-processing success, expansive real estate investments, and strategic government supply contracts.Founded by the late Apollo Nyegamehe, commonly

Ultimate Uganda

Tycoon Sudhir Ruparelia to Headline UK-Africa business Summit in London

Tycoon Sudhir Ruparelia to Headline UK-Africa business Summit in London

Dr Sudhir will share his business success at the UK-Africa investment summit in London after attending the PAP awards in Kampala. (file photo)Uganda’s business magnate Dr. Sudhir Ruparelia will headline the much-anticipated UK-Africa Business Summit set

Ultimate Uganda

Museveni Orders Govt Bailout for Late Aponye’s Business Empire

Museveni Orders Govt Bailout for Late Aponye’s Business Empire

President Museveni has directed Prime Minister Robinah Nabbanja to spearhead a government-led intervention to rescue the ailing business empire of the late tycoon Apollo Nyegamehe, widely known as Aponye, whose death in 2023 left his companies facing severe financial distress.In a letter d

Ultimate Uganda

UEDCL Schedules Saturday Power Outage for Grid Maintenance in Central Uganda

UEDCL Schedules Saturday Power Outage for Grid Maintenance in Central Uganda

The Uganda Electricity Distribution Company Limited (UEDCL) has announced a planned power outage across parts of Central Uganda on Saturday, July 5, 2025, to allow for critical maintenance and upgrade works by the Uganda Electricity Transmission Company Limited (UETCL).The blackout will la

Ultimate Uganda

Tycoon Mbire’s MTN Uganda shares Recover, Rise toward $70 million

Tycoon Mbire’s MTN Uganda shares Recover, Rise toward $70 million

Chairman Mbire earns shs 55 million per day from MTN dividendsBusinessman Charles Mbire’s investment in MTN Uganda is staging a strong comeback, nearing the $70 million mark after rebounding by nearly $5 million in just 51 days. After facing

Ultimate Uganda

UGX 250 Billion Shockwave: Bosco Muwonge Buys Mukwano Mall in Record All-Cash Deal

UGX 250 Billion Shockwave: Bosco Muwonge Buys Mukwano Mall in Record All-Cash Deal

In a historic real estate shake-up, property mogul John Bosco Muwonge popularly known as Ntere Nfune has purchased the iconic Mukwano Mall in downtown Kampala for a staggering UGX 250 billion ($65 million) in an all-cash transaction.The acquisition is now

Ultimate Uganda

Aponye 's Iconic Ugandan Business Conglomerate Faces Auction Two Years After Founder’s Death

Aponye 's Iconic Ugandan Business Conglomerate Faces Auction Two Years After Founder’s Death

The Aponye Group, once one of Uganda’s most formidable agro-processing and manufacturing empires, has collapsed just two years after the death of its founder, Apollo Nyegamehe. The group’s properties are now being auctioned off to recover debts, signaling th

Ultimate Uganda

Meet Jordan Ssebuliba, a man who declared his father mad in order to take over property

Meet Jordan Ssebuliba, a man who declared his father mad in order to take over property

Jordan Ssebuliba, about 50 years old, is an estranged son who has severally dragged his father, city businessman Mohan Musisi Kiwanuka to courts of law over the years.He has also been bonded severally in many police stations in cases that are not related

Ultimate Uganda