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Businessman Defends Shs 427m Loan Recovery Suit Against Stanbic Bank

Businessman Defends Shs 427m Loan Recovery Suit Against Stanbic Bank

Kampala, Uganda | The High Court’s Commercial Division has granted city businessman Dalaus Katongole, trading as Ngoleda Stores, permission to defend a suit filed by Stanbic Bank Uganda Ltd seeking to recover Shs 427 million. Justice Patience T.E. Rubagumya ru

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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

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Court Orders Shoprite Uganda to Pay Shs 1.3bn in VAT Arrears

Court Orders Shoprite Uganda to Pay Shs 1.3bn in VAT Arrears

Shoprite Uganda was acquired by CarrefourKampala, Uganda | The Tax Appeals Tribunal (TAT) has ruled that Shoprite Checkers (U) Limited is liable to pay Shs 1,354,624,690 in Value Added Tax (VAT) to the Uganda Revenue Authority (URA),

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Gulu University Officials Arrested Over Sh530 Million Financial Loss

Gulu University Officials Arrested Over Sh530 Million Financial Loss

Four officials from Gulu University, among them Accounting Officer David Obol Otori, have been arrested on the orders of the Public Accounts Committee (PAC) of Parliament after being implicated in a Sh530 million financial loss to the Government.The arrests were made at Parliament followin

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COSASE Grills Electoral Commission Over Nalukoola By-Election Failings

COSASE Grills Electoral Commission Over Nalukoola By-Election Failings

Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has faulted the Electoral Commission for its handling of the Kawempe North by-election, which was nullified by the High Court over electoral violence.MPs questioned the Commission’s failure to a

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Legislators Raise Alarm Over Police Land Scandal

Legislators Raise Alarm Over Police Land Scandal

Police officers across the country could soon face displacement and potential homelessness following revelations by the Public Accounts Committee (PAC) of Parliament that critical police land remains unprotected, undocumented, and in some cases, has been handed over for commercial use.Duri

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Tororo Councillors Storm District Offices Over Shs596m Property Tax

Tororo Councillors Storm District Offices Over Shs596m Property Tax

A delegation of angry councillors from Kayoro Sub-county in Tororo District on Monday stormed the district local government offices, demanding urgent action over what they described as persistent tax evasion by major private firms operating in their area.Led by Andrew Opio, the secretary f

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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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Parliament summons Finance, AG over Roko’s Shs260b bailout

Parliament summons Finance, AG over Roko’s Shs260b bailout

Two years after government voted to invest more than Shs266 billion in Roko Construction Company, concerns are growing that if not closely monitored, this may turn into another huge loss to the taxpayer. Parliament now wants the government through the Ministry of Finance, Planning and Ec

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KCCA labourers dance to the tune of Kisaka’s exit

KCCA labourers dance to the tune of Kisaka’s exit

Casual workers at Kampala Capital City Authority (KCCA) have welcomed the sacking of three top officials, accusing them of being behind their salary delays. KCCA Executive Director Dorothy Kisaka, her deputy, David Luyimbazi, and the Director of Public Health and Environment, Dr Daniel O

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