Uganda Tea Prices Rebound 21 Percent at Mombasa Auction
MOMBASA, Kenya – Uganda’s tea sector is showing renewed signs of recovery, with auction prices rebounding 21% and absorption rates strengthening.Sector players say th...
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“auction”
Collin Hotel, Mukono Bookshop Tycoon Kasozi In Tears As Court Allows Auctioning Of His Multibillion Empire Over Shs778m Loan..
Justice Joyce Kavuma of the Civil Division of the High Court has dismissed with costs the application filed by Mukono based businessman Augustine Kasozi the proprietor of...
South Africa Bond Rally Builds Ahead of February 25 Budget
South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could re...
Friends move to raise Shs 650 million to save late Cedric Babu Kololo home
The appeal comes after Kenya Commercial Bank (KCB) Uganda threatened to sell the prime condominium unit at Plot 1, Fumu Lane unless $182,709 (about Shs 655 million) is cl...
Aponye Empire crumbles as banks list properties for auction over debt
The business empire of the late tycoon Apollo Nyegamehe, popularly known as Aponye, has been listed for public auction after failure to clear billions in outstanding loan...
Centre auctions 3 coal blocks, likely to attract Rs 7,350 crore investment
Centre auctions 3 coal blocks, likely to attract Rs 7,350 crore investmentlokmattimes.com55minNew Delhi, Nov 25 The Ministry of Coal on Wednesday successfully completed t...
Treasury bills auction attracts Shs567b as investor demand surges.
Uganda’s domestic debt market continues to heat up, with the latest Treasury Bills auction attracting overwhelming investor interest and confirming growing confidence i...
Muntu pledges to revive tea sector, fight corruption.
The Alliance for National Transformation (ANT) presidential candidate, Rtd Maj Gen Mugisha Muntu, has pledged to revitalise Uganda’s struggling tea industry if elected...
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...
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�...