Dott service limited may not manage to construct DRC roads

The Ugandan government (Parliament) has just approved sh200b as part of Uganda’s contribution towards the DRC Roads construction project whose cost is estimated to be $334.5m (sh1.2tn). A Ugandan local company will construct the 223km roads connecting Uganda to the Eastern part of the DRC, the media reported recently. It has also been reported in some media […]

Another baby gorilla is born at Bwindi Impenetrable

Great news from the Bwindi Impenetrable, yet another gorilla baby birth. The new born was observed in Kutu family named after the silver back of the group located in southern sector at Rushaga. The family is relatively new. The baby was born on 21st of October 2020. This is the second baby from this adult […]

URA registers 135% overall tax growth as revenue from services sector drop by 58.8%

Uganda Revenue Authority Commissioner General John Musinguzi has revealed that the tax body registered net revenue collections of UGX4T against a target of UGX2.9T reflecting a performance percentage of a whopping 135.69% during the first quarter of the FY2020/21 from July to September 2020. He made this revelation yesterday while launching the tax payer appreciation […]

Lira City to host 3rd Annual Media Conference 2020

Annual Media Conference is the initiative of and its subsidiary digital newspaper, TND News.  Started in September 2016 as an informal media conference, Milton Emmy Akwam, the event’s chief initiator and his team in 2019 attached the event to GLCSMS. Over the last years, the conference has brought together close to 300 participants who […]

Ham Enterprises and lawyer:Fred Muwema respond to Uganda Bankers’ Association

There is no reason why the Government of Uganda which is a sovereign juridical person should be blackmailed and taken hostage in its own sovereign jurisdiction just because it is the largest beneficiary of syndicated lending for various projects. Following a Commercial Court head Justice Henry Peter Adonyo ruling that the credit facilities DTB-Kenya offered […]

Excellence: Dr. Eng Silver Mugisha scoops African Leadership Business Award

Hard work pays; Again The National Water and Sewerage Corporation (NWSC)  Managing Director Dr. Eng. Silver Mugisha has been given an award for Leadership Excellence in public service and also recognized for his contribution to Africa’s socio-economic development. The ward was announced during the recently concluded African Leadership magazine’s US – Africa Investment Forum, policy […]

Ham wins sh41b court case against Diamond Trust Bank-Kenya

UGANDA- KAMPALA – Businessman Hamis Kigundu a.k.a Ham has won the sh41b loan case against Diamond Trust Bank (DTB-Kenya). Commercial Court head Justice Henry Peter Adonyo on Wednesday (October 7, 2020) ruled that the credit facilities DTB-Kenya offered to Kiggundu are illegal since it is not licenced by Bank of Uganda as required under the […]

HAM vs. DTB BANK loan case: ruling set for 7th october

The case in which Hamis Kiggundu of Ham group of companies and Higgs international is challenging the legality of Diamond Trust Bank Kenya doing business in Uganda has been adjourned to 7th October 2020. In his 31st August petition before commercial court, businessman Hamis Kiggundu petitioned the commercial division of the high court through his […]