By Godfrey Kenneth Gobba Most people acquire property either by saving up enough money to buy it or by using banks money to buy it. Those that choose to borrow money from the bank know that coming up with collateral is definitely not easy. But what if there was a
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A section of Ugandans have taken to social media to express their anger over a proposal by, Evelyn Anite, the country's outspoken State Minister for Investment and Privatization compelling citizens to own Uganda Telecom (UTL) Sim cards. Speaking Tuesday morning at the Uganda Telecom staff blood donation drive at the
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The Directorate of Public Prosecution is blaming the Constitutional Court for the delayed prosecution of Kale Kayihura, the Inspector General Police and seven senior commanders for the alleged torture of the supporters of Dr. Kizza Besigye. Last year, a group of 20 lawyers led by Abdullah Kiwanuka from Lukwago &
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In a bid to expand operations and distribution of their products, ICEA Group which consists of ICEA General Insurance, ICEA Life Assurance Company Limited and ICEA Asset Management Limited Company has officially launched their Mbale Agency office. The agency office will act as a one-stop centre for operations in the
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By Katusiime Kellen Nakumatt’s financial troubles appear to have deepened last month with cash-flow problems delaying payment of salaries for more than two weeks. Kenya’s largest retail chain, which runs the highest number of outlets in East Africa, had by Monday not paid 1,555 employees their May salaries and had
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The Capital Markets Authority (CMA) says it is not aware that KCB Group #ticker:KCB has made a bid to acquire a 70 per cent stake in the National Bank of Kenya (NBK), #ticker:NBK urging investors to exercise caution when trading in the lenders’ shares. The regulator, in a cautionary statement
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The Government of Uganda through the Ministry of Energy and Mineral Development has signed the Memoranum of Understanding (MoU) with the Russian state Atomic Energy Corporation(ROSATOM) on the cooperation in the peaceful uses of atomic energy. A statement issued by Uganda’s energy ministry on Tueday, the MoU was signed on
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Middle East Consultants Ltd ((MEC), a labour exporting agency licensed by the government of Uganda has secured Ugandans over 400 jobs in Abu Dhabi City, United Arab Emirates (UAE), Business Focus reveals. According to Gordon Mugyenyi, the Managing Director at MEC, the company is seeking to recruit over 30 bouncers,
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By Patrick Mweheire, Chief Executive Officer, Stanbic Bank Uganda The 2017/18 National Budget delivered on the 8th June 2017, might have left many Ugandans apprehensive about the state of the economyand curious about some of policy levers the Government is using to uplift the real economy and get the country growing again.
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Prof. Venansius Baryamureeba has revealed shocking secrets how his own University-Uganda Technology and Management University (UTAMU) has been evading taxes, Business Focus exclusively reports. In a letter dated August18, 2017 addressed to the Secretary, the Institute of Certified Public Accountants of Uganda (ICPAU), Baryamureeba a.k.a Barya, the Chairperson, Board of
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