After buying Warid, VG Somasekhar returns to finish Airtel job

After buying Warid, VG Somasekhar returns to finish Airtel job

Astute business leader Mr. VG Somasekhar is returning to Kampala as Airtel Uganda Managing Director, the country’s second biggest telecom service provider has announced. Mr. Somasekhar is widely remembered for leading Airtel from December 2010 to February 2014, during which period he oversaw the Airtel-Warid merger – the first telecom merger in Uganda and the […]

mVisa gives Ugandan traders free mobile money alternative

mVisa gives Ugandan traders free mobile money alternative

Since introduction of mobile money in Uganda by Bank of Uganda (BoU) in 2009, there has been financial inclusion with millions of people acquiring mobile money accounts. Today, transactions this year hit Shs44 trillion and like in the neighbouring Kenya, mobile money is playing a key role in Uganda’s economy in terms of financial inclusion and […]

Uganda’s Sadolin finally lost to Japanese for Shs314 billion

Uganda’s Sadolin finally lost to Japanese for Shs314 billion

Jinja firm Sadolin group, the largest paint manufacturing company in Uganda, with more than 50% market share will now take on the new brand name Kansai Plascon – of a Japanese company. This follows a recent acquisition of Sadolin East Africa by Kansai Plascon who have been on an acquisition spree in developing markets shifting […]

The case for cursing tycoon Hamis Kiggundu

The case for cursing tycoon Hamis Kiggundu

In 2015, tycoon Hamis Kiggundu popularly known as Ham received a green light from President Yoweri Kaguta Museveni to redevelop land on which Nakivubo stadium sits. To many, this sounded like loose talk. But former Nakivubo Park Yard vendors have started accessing loans from money donated to them by the city businessman. Mr. Kiggundu donated […]

Roofings’ Oliver Lalani Leads New Generation of Brainpower at Chamber of Mines and Petroleum

Roofings’ Oliver Lalani Leads New Generation of Brainpower  at Chamber of Mines and Petroleum

The Uganda Chamber of Mines and Petroleum (UCMP) has reelected Hon Dr Elly Karuhanga for a new 2-year term as Chairman, following a June 30, 2017 annual general meeting (AGM). But the appointment of Uganda’s emerging force in business – Oliver Lalani from Roofings Group on the state body’s nine-man council Advisory Committee has stood out. […]

Tirupati tycoon Miraji loses multibillion properties to Kampala debt sharks

Tirupati tycoon Miraji loses multibillion properties to Kampala debt sharks

As Bank of Uganda continues to corner one of Africa’s richest men, Kampala property mogul Sudhir Ruparelia, the world has crumbled on his apprentice, Barot Miraji, the managing director at Tirupati Development Uganda Ltd, another big real estate dealer, adding impetus to their business empires’ free fall that began late last year. TheUgandan has landed […]

Minister Amongi faults private valuers over hurting government undertakings

Minister Amongi faults private valuers over hurting government undertakings

The Minister for Lands Betty Amongi has said that private valuers have slowed and stalled many government undertakings to due to their unscrupulous conducts. Ms Amongi who was the guest of honour at the one-day Surveyors Registration Board workshop held on Wednesday at Hotel Africana acknowledged that overvaluation is hurting government projects. “Sometime last year […]

URA takes over East & Central Africa customs leadership

URA takes over East & Central Africa customs leadership

Uganda Revenue Authority has climbed the ladder in the World Customs Organisation (WCO) hierarchy. Commissioner General URA Doris Akol’s Customs team leader, Mr. Dicksons Kateshumbwa on Monday received instruments of power from his South African counterpart, SA Revenue Services Chief Officer Customs & Excise, Jed Michaletos as the World Customs Organization East and South African […]

dfcu Bank introduces big Savings & Investment challenge

dfcu Bank introduces big Savings & Investment challenge

dfcu Bank, in partnership with NTV Uganda and Price Waterhouse Coopers (PwC) have launched a nationwide campaign targeted at driving a savings and investment culture in Uganda. The campaign, whichwill run – in part as a TV show competition dubbed ‘Battle for Cash’was launched at the Kampala Serena Hotel with the media fraternity having the […]

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