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News
Bitature accepts USD10mln loan, says negotiations with Vantage ongoing well
KAMPALA– Kampala businessman, Patrick Bitature has finally accepted that he indeed borrowed US$ 10 million from Vantage Mezzanine Fund in December 2014 and is willing to pay, as negotiations, including arbitration, as agreed…
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News
Vantage lawyers insist on selling properties of Bitature to recover U$34mln
KAMPALA– The battle to attach and sell some of the properties belonging to business mogul Patrick Bitature continues, Robert Kirunda whose law firm represents South African lenders- Vantage Mezzanine Fund II Partnership,…
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News
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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News
Shocking: Italian Enrica Pinetti signed Shs284b coffee deal as witness
KAMPALA – It has emerged that Italian Enrica Pinetti in February 2022 only signed as a witness as the Government of Uganda inked Shs 284 billion controversial coffee agreement with Uganda Vinci Coffee…
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Development
House urges gov’t to cancel illegal leases on Uganda Railways land
KAMPALA– Parliament’s Committee on Commissions Statutory Authority and State Enterprises (COSASE) has advised government to cancel illegal leases on Uganda Railway Corporation (URC) land with immediate effect since the right procedures were…
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Cooperatives & Communities
India cautions people not to deposit funds with three Sahara co-operatives
NEW DELHI – India’s Ministry of Cooperation has asked depositors to be aware of a Delhi High Court judgment, whereby the court has asked three co-operatives (co-ops) under the Sahara group not…
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Performing Artistes SACCO Leaders Arrested
NEBBI – Police in Nebbi are holding two leaders of Nebbi Municipality performing artistes Savings and Credit Cooperative Organization (SACCO) over theft of Shs 9.5 million Emyooga cash from the SACCO account.…
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East Africa
Transport Paralyzed As Kangema Matatu SACCOs Strike
Commuters using Kangema-Murang’a town road were on Monday left stranded after local matatu SACCOs staged a demonstration. Four SACCOs which ply the road were protesting what they termed as intrusion of their…
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