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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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"For 10 Years, Kalungu Had a Silent MP—But I Became the Voice of My People" – Hon. Joseph Ssewungu

"For 10 Years, Kalungu Had a Silent MP—But I Became the Voice of My People" – Hon. Joseph Ssewungu

Ugandan politicians from different parties shared their thoughts on voter behaviour during a discussion on NTV Uganda’s morning programme.The conversation focused on why people vote the way they do and the challenges facing political leadership.J

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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

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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

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Stanbic Launches New Mortgage Solution to Breaks Financing Barrier to Home Ownership

Stanbic Launches New Mortgage Solution to Breaks Financing Barrier to Home Ownership

Stanbic Bank has introduced a preapproved mortgage financing solution that empowers existing clients with up to shs 500 million—without the need for the traditional loan application process.“Homeownership should not be a privilege for a few—it should be an achievable milestone for ev

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Billionaires' ball! Global tech and media moguls Mark Zuckerberg, Bill Gates and Rupert Murdoch are joined by their wives on the red carpet at prize ceremony in wake of Trump's tariffs

Billionaires' ball! Global tech and media moguls Mark Zuckerberg, Bill Gates and Rupert Murdoch are joined by their wives on the red carpet at prize ceremony in wake of Trump's tariffs

Global tech and media moguls have graced the red carpet with their wives for a glitzy prize ceremony.Mark Zuckerberg, Bill Gates and Rupert Murdoch were all spotted at the 11th Breakthrough Prize awards in Barker Hanger in Santa Monica.The billionaires led the charge on the red carpet, dazzl

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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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NCBA Junior Golf Series Concludes Inaugural Season, Eyes Bigger Future

NCBA Junior Golf Series Concludes Inaugural Season, Eyes Bigger Future

NCBA Bank has successfully wrapped up the first season of the NCBA Junior Golf Series, culminating in a thrilling finale at Uganda Golf Club.The series, which attracted over 100 junior golfers from Uganda and beyond, reaffirmed NCBA’s commitment to nurturing young talent and promoting th

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How wooden houses can transform Uganda's housing crisis

How wooden houses can transform Uganda's housing crisis

Wooden houses can position Uganda for a sustainable future by addressing the housing crisis through cost-effective, eco-friendly construction, reducing carbon emissions, and promoting responsible timber sourcing.  Modern wooden construction is revolutionising the housing market as a sus

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