Business •
08 Apr '25
WASHINGTON (Reuters) - American families of victims of the October 7, 2023, attacks on Israel filed a lawsuit on Monday against a prominent Palestinian-American businessman, Bashar Masri, charging that he provided assistance in constructing infrastructure that allowed Hamas militants to carry out th
Business •
30 Mar '25
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
Business •
30 Mar '25
Mbarara, Uganda — The Uganda Revenue Authority (URA) has called on landlords across the country to voluntarily declare their rental properties and register for rental income tax, warning of steep penalties for non-compliance.
Business •
28 Mar '25
A storm is brewing over the true cost of buying out Umeme Limited, Uganda’s electricity distributor, as discrepancies in the numbers come to light.The Auditor Genera, Edward Akol has advised the government to pa
Business •
12 Mar '25
Rebecca Kadaga, a prominent Ugandan politician and lawyer, has built an impressive portfolio of assets over the years.Her lifestyle reflects her success and influence in Ugandan politics. Kadaga's wealth is evident in her properties, luxury cars, and various investments.Kadaga owns
Business •
12 Mar '25
Kizza Besigye, a prominent Ugandan politician, physician, and former military officer, has amassed a notable amount of wealth over the years. His net worth is estimated to be between $100,000 and $1 million.Besigye's journey to wealth began with his education at Makerere University, where
Business •
12 Mar '25
Several Ugandan ministers have amassed significant wealth, allowing them to own multi-million dollar homes abroad. These luxurious properties reflect their status and success, often sparking public interest and scrutiny.One notable example is Captain George Mike Mukula, the National Resist
Business •
12 Mar '25
President Yoweri Museveni of Uganda, one of Africa's longest-serving leaders, has amassed significant wealth over his decades in power.His wealth is reflected in his luxurious properties, extensive business ventures, and substantial investments.Museveni's most notable property is hi
Business •
12 Mar '25
City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the High Court in Kampala ruled in favor of Housing Finance Company Limited in a high-stakes financial dispute.The ruling, whi
Business •
03 Mar '25
[He who hides his wealth invites suspicion], and this seems to be the case for hundreds of civil servants who have failed to declare their assets as required by law, raising concerns about transparency and accountability in public service.