Legal
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Lira receives Shs1b for PDM SACCOs
LIRA – The Lira district Commercial Officer, Santos Olade has cautioned people planning to mismanage the government’s programme of Parish Development Model [PDM] saying whoever is found will not be spared. He says,…
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Centenary Bank gross profit surge 33.6 percent
KAMPALA- Centenary Bank earned gross profit of about Shs 288.5 billion in 2021, which was 33.6 percent growth when compared to about Shs 216 bln earned in 2020. The bank’s Managing Director…
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KCCA opens court to receive property rate cases
KAMPALA – Kampala Capital City Authority (KCCA) Council has approved a new Valuation Court. The court will be responsible for receiving complaints from the landlords aggrieved by the property tax valuations. Samuel…
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Katakwi RDC directs police to arrest wetland encroachers
KATAKWI– The Katakwi Resident District Commissioner [RDC] Godfrey Katamba has directed the police to arrest and prosecute in courts of law people cultivating in wetlands. This comes as a section of members…
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Elegu Market: Land owners demand relocation of vendors
ELEGU– The owners of pieces of land on which hundreds of vendors at the Elegu border market have been operating are demanding that the vendors should go off their land to pave…
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FBI warns US farm co-ops of cyber threats in planting and harvest seasons
US – Cyber attacks on agricultural co-ops are higher in the planting and harvest seasons, the FBI has warned. The US crime agency says ransomware actors will choose these crucial seasons because…
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UVCCL coffee deal: Investors want to mortgage govt land at Namanve
KAMPALA– Even though President Yoweri Museveni and NRM caucus Members of Parliament [MPs] have agreed to review the controversial coffee export deal signed between the government and Vinci Coffee Company Limited [UVCCL], the…
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Indian businessman killed in Kikuube lodge
KIKUUBE– Police in the Albertin region are investigating the circumstances under which an Indian businessman based in Hoima Municipality was murdered in Kikuube district by unknown suspects. The deceased, identified as Mike Sultan,…
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KCB suffers 58.3 percent fall in gross profit
KAMPALA– Kenya Commercial Bank [KCB] Uganda saw its gross profit plummet by 58.3 percent in 2021 to about Shs 12.3 billion from about Shs 19 bln recouped in 2020, its financial statements…
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Finance Trust Bank sees gross profit rise of 61.9 percent in 2021
KAMPALA– Finance Trust Bank has released a summary of financial statements for the year ended December 31, 2021, showing its profit before tax curve going up by 61.9 percent to about Shs 13.6…
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