Kampala, Uganda | THE INDEPENDENT | Lawyers representing businessman Hamis Kiggundu have petitioned the Chief Justice Alfonse Owiny-Dollo to probe the conduct of the Principal Judge Dr Flavian Zeija in a case involving DTB Uganda and DTB-Kenya. They are complaining about several alleged unjustified circumstances in which Zeija issued directives …
Read More »Fishermen demand common fishing standards across East Africa
Masaka, Uganda | THE INDEPENDENT | Ugandan fishermen are mooting for standard practices across the East African Community region as a way of eliminating illegal fishing. They argue that although Uganda put in place a Fisheries Protection Unit-FPU to mount operations against illegal fishing practices, the plan remains self-defeating in …
Read More »Uganda’s milk production has increased by 8% – Ssempija
Kampala, Uganda | THE INDEPENDENT | Uganda’s milk production has increased by 8% for the financial years between 2018/19 and 2019/20. According to Vincent Bamulanzeeki Ssempija, the Minister for Agriculture Animal Industry and Fisheries (MAAIF), Uganda produced 2.5 billion litres of milk in 2018/19, compared to 2.7 billion litres in …
Read More »‘BOU didn’t have to license DTB Kenya to lend to Ham’
Kampala, Uganda | THE INDEPENDENT | The controversy surrounding a commercial court judgement on the case between Diamond Trust Bank and businessman Hamis Kiggundu has taken a new twist after the Bank of Uganda advised that a foreign bank can appoint an agent to carry our business in Uganda, without …
Read More »Pearl Dairy 5 year growth projection
New markets, increased consumption, and stable EAC economy will boost returns, company executives say Kampala, Uganda | JULIUS BUSINGE | Executives at Pearl Dairy Farms Limited expect a boom in business in the next five years supported by an increase in milk consumption, new markets and the easing of trade …
Read More »URA records huge surplus collections, but quarter two might be hard
Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority has recorded a surprise surplus of more than 1 trillion Shillings in collections for the the first quarter of the financial year 2020/2021. In all the three months July to September, collections were above the target, reversing the high under-performing …
Read More »Mabirizi asks East African court to quash DTB-Ham ruling
Kampala, Uganda | THE INDEPENDENT | Money lenders in Uganda have petitioned the East African Court of Justice asking them to quash a recent commercial Court decision in a case involving businessman Hamis Kiggundu and Diamond Trust Bank Uganda and Kenya. The lenders under their umbrella, Money Lenders Union Limited …
Read More »Court halts execution of orders in DTB case
. Kampala, Uganda | THE INDEPENDENT | The High Court Commercial Division has halted the execution of the orders issued by Justice Henry Peter Adonyo in a case involving businessman Hamis Kiggundu, Diamond Trust Bank Uganda and Kenya. Principal Judge, Dr Flavian Zeija issued the interim orders on Tuesday …
Read More »Bank of Uganda issues statement on loans
Kampala, Uganda | THE INDEPENDENT & URN | Bank of Uganda (BOU) has stated that foreign banks lending deposits held in jurisdictions other than Uganda are regulated and supervised by their home authorities, and it is not mandatory for a foreign bank to establish a representative office in Uganda in …
Read More »Most candidates in 2021 election are just “merchants after money” – Activists
Kampala, Uganda | THE INDEPENDENT | Civil Society Activists Campaigning against commercialized politics say that the will of the people to vote for useful leaders has been distorted by too much money being used by those aspiring for office. The activists called for action against the growing political commerce during …
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