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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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4 Ugandans posing as Energy Ministry officials Steal $5m from Turkish investor

4 Ugandans posing as Energy Ministry officials Steal $5m from Turkish investor

A criminal on handcuffs (internet photo)A Turkish investor has fallen victim to a high-level fraud syndicate in Uganda, losing a staggering $4.95 million in a fictitious chemical supply deal allegedly linked to the Ministry of Energy and Mineral Developme

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Headed for sentencing, Sean ‘Diddy’ Combs’ lawyers aim to show he’s no longer a ‘Bad Boy for life’

Headed for sentencing, Sean ‘Diddy’ Combs’ lawyers aim to show he’s no longer a ‘Bad Boy for life’

 There was a time when summer for Sean “Diddy” Combs meant throwing lavish parties and getting captur

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IGP Byakagaba and South Sudan Police Chief Meet in Kampala to Strengthen Cross Border Security

IGP Byakagaba and South Sudan Police Chief Meet in Kampala to Strengthen Cross Border Security

Inspector General of Police Abas Byakagaba met with South Sudan’s Inspector General of National Police Service, General Abraham Manyaut Peter, on Tuesday at the Police 

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Nottingham Forest rejected me - so I made history at Man City instead

Nottingham Forest rejected me - so I made history at Man City instead

Manchester City are looking to sign a Nottingham Forest player, and they once did amazingly from signing one Forest let goDavid Silva with Shaun Wright-PhillipsOne of the topics of Manchester City's semi-final with Nottingham Forest th

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Kenyan firm Moves to Seize KIU as Embattled businessman Basajjabalaba defaults on Shs. 57B loan

Kenyan firm Moves to Seize KIU as Embattled businessman Basajjabalaba defaults on Shs. 57B loan

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

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Exclusive Intelligence! Squicky Bum Time at Stanbic Bank As DPP Orders Arrest of Top Managers Over UGX 3B Fake Gold Money Laundering Deal!

Exclusive Intelligence! Squicky Bum Time at Stanbic Bank As DPP Orders Arrest of Top Managers Over UGX 3B Fake Gold Money Laundering Deal!

In a shocking case of international fraud, where ruthless Ugandans fleeced an American investor Robert Tunner in a fake gold deal, Stanbic Bank officials are said to be in panic mode as DPP sanctions their files for immediate arrest and prosecution. These top ma

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Kiryowa, Ggoobi names appear in plot to arrest accountant general Semakula

Kiryowa, Ggoobi names appear in plot to arrest accountant general Semakula

An investigation into the recent arrest of accountant general Lawrence Semakula and eight other Finance ministry staff has drawn in the names of Kiryowa Kiwanuka and Ramathan Gggobi as being at the centre of a conspiracy to mudsling and punish Semakula. 

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Cranes qualify for Afcon 2025

Cranes qualify for Afcon 2025

Uganda’s wait for a return to the Africa Cup of Nations is over. The Cranes needed just a point from their game against South Africa at Namboole on Friday to confirm qualification to the 2025 Afcon finals in Morocco. But they didn't have to wait that long as Congo fell to South Sudan

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Uganda inks Shs500b deal to construct major 97km road

Uganda inks Shs500b deal to construct major 97km road

Government and Citibank Uganda have signed a multibillion ten-year financing agreement for construction of the 97km Lusalira-Nkonge-Lumegere-Ssembabule Road, which is scheduled to start before the end of 2025. The financing agreement signed on Friday is for the project expected to cost S

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