Business •
07 Feb '24
The Directorate of Public Prosecution (DPP) has assumed the prosecution of the case involving Ugandan businessman Patrick Bitature and his wife, Carol Nzaro, concerning a $26 million commercial dispute with South African money lender Vantage Mezzanine Fund 11 Partnership. Chief State Attorney Joa
Business •
05 Feb '24
Capt Omara: Does He Want Me to Sell My Children to Get the Shs350m?All is not well for Abim District LCV Chairperson Capt (Rtd) Yuventine Omara after a city lawyer gave him a two-week ultimatum within which to clear his outstanding legal fees amou
Business •
27 Jan '24
We early this week reported about how Internal Affairs Minister had last weekend stormed the Njeru stock farm in a bid to evict government from his land which houses the only diary breeding, research farm in Eastern Uganda which was set up in the late 1960s.When he stormed the farm on a br
Business •
26 Jan '24
The Supreme Court has ordered UMEME to Pay Kampala Businessman $2.5 Million in Damages for unlawful charges leading to equipment loss. Justices Mwondha, Prof. Tibatemwa-Ekirikubinza, Tuhaise, and Chibita rule in favor of Enock William Makubuya, stating UMEME wrongly billed him for energy loss in
Business •
20 Jan '24
Bank of Uganda (BoU) has placed EFC Uganda Limited, a microfinance deposit-taking institution, under liquidation, revoked its license, and ordered for the winding up of its affairs in the country.According to Michael Atingi-Ego, the deputy Bank of Uganda governor, the decision to close EFC