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Court of Appeal Clears Vantage Fund to Enforce $10m Loan Against Bitature’s Simba Companies

Court of Appeal Clears Vantage Fund to Enforce $10m Loan Against Bitature’s Simba Companies

“The mere act of lending money without a physical address in Uganda does not create an obligation for the appellant as a foreign lender to register. The appellant has a right to implement the terms of the agreement in Uganda, including instituting proceedings

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Promoters to announce next move after intense clash with Gen Saleh

Promoters to announce next move after intense clash with Gen Saleh

The group of promoters last weekend travelled to Gulu to meet Gen Saleh, the national coordinator of the UPDF’s Operation Wealth Creation.Ugandan music promoters will this week announce their next course of action following a hot-blooded clash with se

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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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Having Failed to Clear His Shs150Bn Debt, Kampala Emin Pasha Hotel Owner Kenny Losuk Lokule Lands M7 Rescue

Having Failed to Clear His Shs150Bn Debt, Kampala Emin Pasha Hotel Owner Kenny Losuk Lokule Lands M7 Rescue

In 2014, Kampala property mogul/businessman Kennedy Losuk Lokule embarked on construction of the luxurious Emin Pasha Lake View Residence on the rocky terrain of Kampala’s upscale neighbourhood of Muyenga.Reporting by Weekend Vision shows that the 120-r

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Museveni Calls for Household Census in Kampala to Improve PDM Budgeting

Museveni Calls for Household Census in Kampala to Improve PDM Budgeting

President Museveni has directed local authorities in Kampala’s five divisions to conduct a thorough household census to guide equitable allocation of funds under the Parish Development Model (PDM).The directive came during his visit to Kyambogo Complex Parish in Nakawa Division on S

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UEDCL Announces New Electricity Tariffs for Q3 2025

UEDCL Announces New Electricity Tariffs for Q3 2025

The Electricity Regulatory Authority (ERA) has approved UEDCL’s latest power tariffs for July to September 2025.KAMPALA, Uganda — The Electricity Distribution Company Limited (UEDCL) has released its new retail electricity tariff

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Africa’s Richest Four Hold More Wealth Than Half the Continent

Africa’s Richest Four Hold More Wealth Than Half the Continent

Today, just four of Africa’s richest billionaires hold $57.4 billion in wealth — more than the combined wealth of 750 million people, or half the continent’s population, according to a new Oxfam report.The report – 

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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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Ghana’s search for Umeme

Ghana’s search for Umeme

Ghana is considering reform in the energy sector, with Umeme in mind How this West African country is looking to the success Uganda has just destroyed to solve its electricity crisisTH

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Mukono Moneylender Murder Suspect Remanded to Kauga Prison

Mukono Moneylender Murder Suspect Remanded to Kauga Prison

Kabatazi Elvis, aged 26, appeared before Mukono Chief Magistrate Peace Namunu charged with the murder of Hamidah Mutesi Nalule, a 35-year-old money lender.The incident occurred on June 5, 2025, in Namuyenje village, Nakisunga Sub-county, Mukono District, where Kabatazi allegedly stabbed th

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