SPICL is represented by Fred Muwema Commercial Court has made a huge say in an on-going Court battle between Simba Properties Investment Co. Ltd (SPICL) and Vantage Mezzanine Fund II Partnership. This matter arises from Miscellaneous Application No. 0414 of 2022. On December 11, 2021 Simba Properties executed
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Simba Group Chairman, Patrick Bitature Vantage Capital Fund Managers Proprietary Limited has said the behavior of Simba Group and its Chairman Patrick Bitature in borrowing money from international lenders and failing to meet repayment and contractual obligations does not reflect well on Uganda’s international image as an investment destination, “nor
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URA CG John Musinguzi while addressing the media on Tuesday. Uganda Revenue Authority (URA) has announced revenue collections for the period July 2021 to March 2022. Addressing the media at the URA headquarters in Nakawa, Kampala on Tuesday, Commissioner General, John Musinguzi, said “From July to March, the actual net
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State Minister for Agriculture, Fred Bwino Kyakulaga (4th Right) is joined by UCDA staff and Mukono district officials led by LCV chairperson, Rev. Peter Bakaluba Mukasa (3rd Left) to launch the fertilizer distribution programme in Greater Mukono Uganda Coffee Development Authority (UCDA) has distributed organic fertilizers to farmers in Central
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PSFU Executive Director, Stephen Asiimwe Private Sector Foundation Uganda (PSFU) acknowledges that businesses were hit hardest during the two- year Covid-19 lockdown. However, with the recent full reopening of the economy, PSFU Executive Director, Stephen Asiimwe (SA), says that there is hope with discussions going on to have businesses supported. In an
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Ambassador Fred Mugisha (3rd right) and David Katungi (2nd left), the Director of Strategy and Business Development at UCDA in a photo moment with exporters Uganda coffee exporters have met with Uganda’s Deputy Head of Mission to Beijing, China, Amb. Fred Mugisha, to strategize on how to penetrate the China market. The
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The new board members of Uganda Airlines in a group photo The new Board of Directors of Uganda Airlines Company Limited has been inaugurated. The inauguration happened this morning at Hotel Africana in Kampala The board members that include Priscilla Mirembe Serukka (Chairperson), Samson Rwahwire, Herbert Kamuntu, Patrick Ocailap, Barbara
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DFCU Chief Executive, Mathias Katamba DFCU Limited has announced a net profit of Shs 9.3 billion in 2021, down from Shs24.07bn recorded in 2020. According to figures released Thursday morning at Serena Hotel in Kampala, dfcu's total assets reduced to Shs3.13 trillion, down from Shs3.49 trillion recorded in 2020. The
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Stanbic Bank Uganda Chief Executive, Anne Juuko Stanbic Uganda has announced 11% growth in 2021. Announcing 2021 figures at Sheraton Hotel in Kampala on Wednesday, Ronald Mataka, the Ag. Chief Finance Officer, said that despite the tough business environment, Stanbic managed to post a “decent profit after tax which grew
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Julius Nkwasire (L), the URA Assistant Commissioner Enforcement speaking at the workshop as other officials look on Key stakeholders have committed to fight illicit goods in Uganda. Uganda Breweries Limited, Uganda Revenue Authority (URA), British American Tobacco (BAT), Kampala City Traders Association (KACITA) and the Criminal Investigations Directorate (CID) of Police among
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