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INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures and his country of destination was Canada.He got a breakthrough ten years ago when together with European friends founded Dennis Daniel

Ultimate Uganda

Vision Group's Shs25b share sale explained

Vision Group's Shs25b share sale explained

On September 24, Vision Group, which is listed on Uganda Securities Exchange as New Vision Publishing and Printing Company Limited, told each of its shareholders in a notice that it had reached an understanding with the government about an intervention to take on a new type of shares in addi

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MUBS calls on business community to engage with universities

MUBS calls on business community to engage with universities

Makerere University Business School (Mubs) has called on other private sector players to join the Nation Media Group (NMG) in supporting universities by connecting them with industry players and investors, ensuring that their research becomes more relevant. Speaking on the second day of

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Clearing Agents Convicted Over Fake Government Vehicle Registration

Clearing Agents Convicted Over Fake Government Vehicle Registration

Two employees of Easthood Logistics Limited have been convicted of making a false declaration to the Uganda Revenue Authority (URA) after pleading guilty to charges involving the fraudulent registration of a motor vehicle. Jibril Jimmy Waibale, a director at Easthood Logistics Limited, and Halimah L

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Government Loses Over Shs 1 Billion in Karamoja Stone Dealer Royalties

Government Loses Over Shs 1 Billion in Karamoja Stone Dealer Royalties

Moses Lokiru, Moroto – The Government of Uganda has suffered a significant financial loss due to the failure of stone dealers in Karamoja to remit royalties. Investigations have revealed that over Shs 1 billion was diverted to individuals within the police mineral protection unit deployed in the r

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Vision Group seeks Shs25b in new share sale 

Vision Group seeks Shs25b in new share sale 

Vision Group, which produces newspaper and broadcast titles including New Vision and Bukedde, among others, has told shareholders that it has reached an understanding in which government will acquire more 156.25 million shares to bolster its operating capital. The company, listed on the

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How vegetable farmers can use new digital system to boost global competitiveness

How vegetable farmers can use new digital system to boost global competitiveness

Ugandan farmers and exporters have been urged to adopt a new digital traceability system, to enhance the tracking of fresh produce from farms to Entebbe International Airport. The developers of the system, Re-engineering of Uganda's Sanitary and Phytosanitary Inspection of Horticulture E

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What next after Uganda fails to wake up and smell the coffee?

What next after Uganda fails to wake up and smell the coffee?

Ugandan coffee shipments are overflowing the European Union (EU) as traders scramble to get their hands on beans before the year-end implementation of new environmental regulations. Under the EU's Deforestation Regulation (EUDR), importers into the bloc will have to demonstrate that good

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Income from telecom investments, bonds shore up NSSF assets to Shs22 trillion

Income from telecom investments, bonds shore up NSSF assets to Shs22 trillion

Telecom investments have shored up NSSF’s income, strengthening the Fund’s assets. National Social Security Fund (NSSF)'s earnings in the year ended June increased by 15 percent, from Shs2.2 trillion to Shs2.53 trillion, due to a surge in interest, dividend, and real estate inc

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Yumbe farmers suffer major crop losses due to heavy rains

Yumbe farmers suffer major crop losses due to heavy rains

“When I planted these crops, I never expected the rain would disrupt us; it usually doesn’t. This time, however, the rains were excessive, and my nearly ready crops were submerged by floods,” said Mr Patrick Toko, a resident of Okubani village, Ariwa Sub-county, Yumbe District. Tok

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