Stanbic Uganda Holdings Limited (SUHL), a member of the Standard Bank Group, has announced Shs 154.9 billion in Profit After Tax (PAT), representing an impressive 21.5% growth in the last six months. The strong performance has largely been driven by Stanbic Bank Uganda Limited, the anchor subsidiary. According to Stanbic’s
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The government has asked over 70 arcades in Kampala to close until they fulfill Standard Operating Procedures- SOPs aimed at stopping the spread of COVID-19. While lifting the 42 days lockdown he announced in June to contain the second wave of COVID-19, allowed arcades to resume operations on condition
Read MoreA 23-year-old man has revealed how security arrested him and forced him to reveal the whereabouts of his ‘Uncle” Sheikh Abu Ubaida Badir Diin Bukenya, the prime suspect in the attempted assassination of Works and Transport, Minister, Gen Katumba Wamala. The young man, who only preferred to identify himself as
Read MoreEfforts by City lawyer, Male Mabirizi to access the academic documents of 16 cabinet ministers from parliament have hit a snag. They are Minister for Education Janet Kataaha Museveni, Prime Minister, Robinah Nabbanja, Minister for Internal Affairs, Kahinda Otafiire, Minister for Foreign Affairs, Abubakar Jeje Odongo and Minister for Tourism,
Read MoreUganda's Leading flower exporter, Rosebud Ltd, Friday donated 2000 mattresses to 10 villages in Namulanda. The company is owned by businessman, Dr Sudhir Ruparelia, and exports about 150 million roses annually, according its Managing Director, Rajiv Ruparelia. While handing over the mattresses and other household items to 10 villages employed
Read MoreThe construction of Mutukula East African Market has stalled, two years since its launch in July 2019. The private project worth over two trillion Shillings is jointly implemented by Rural United Business Association Network (RUSBA) Ltd and Digitech Energy Company Ltd from the Republic of South Africa, for the benefit
Read MorePostBank Uganda has admitted that they failed to recover Shs235m double payments from the beneficiaries meant to receive COVID-19 relief funds.Government contracted Airtel, MTN and PostBank Uganda to disburse the Shs1000,000 COVID-19 relief funds to the select vulnerable Ugandans impacted by the pandemic and the lockdown. The revelation was made
Read MoreFinance Minister Kasaija (L) appearing before MPs on Parliament’s Trade and Tourism Committee The Minister of Finance, Matia Kasaija has urged owners of private schools that are losing their schools to bank loans to sell part of their assets and repay the loans. Kasaija made the remarks while speaking to journalists
Read MoreUganda most decorated runner Joshua Cheptegei has today scooped a Gold medal in the 2020 Tokyo Olympics after outsprinting Canadia Mohammed Ahmed and American athlete Paul Chelimo. Chepetegi finished first in 12:58:15 Jacob Kiplimo comfortably spent most of the laps leading the race with Joshua Cheptegei covering him in the
Read MoreInvestigation Reveals How Sanlam Boss, City Land Mafia Landed Top Police Officers Into Jail After Shs3.5bn Insurance Fraud
Sanlam Chief Financial Officer, Anthony Gitonga Kirima By Richard Kintu Five top police detectives attached to Kira Division Police Station have been jailed after a racket of city fraudsters framed them up as they (cops) closed in on a Shs3.5bn money laundering scam at Sanlam Insurance Company. The unfortunate detectives
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