Diamond Trust Bank Loses Clients Over Tycoon Ham’s Shs120Bn Scandal

Diamond Trust Bank

There is pandemonium at Diamond Trust Bank (DTB) Uganda! As you read this, sources reveal that several of their clients are withdrawing their savings citing loss of trust and integrity in the bank’s senior executives, after they were accused of illegally siphoning over Shs120Bnn from businessman Hamis Kiggundu aka Ham’s accounts. Senior executives of both DTB Uganda and DTB Kenya…

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US Entrepreneurs Tip Ugandan Youths on Building Strong Business Enterprises

Youthful Entrepreneurs form Chicago in United States of America have called upon Ugandan youths to always surround themselves with good mentors if they are to build strong business entities. These who included Moore Alyse Ashley and Ascenyo Carson had come to Uganda to attend President Museveni’s inauguration ceremony upon invitation by the Senior Presidential Adviser on Diaspora Affairs, Amb. Abbey…

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Uganda’s Business Activities Register Arise amidst COVID-19 Pandemic- Stanbic Bank Report

A report issued by Stanbic Bank has revealed that Uganda’s private sector has continued to recover in the month of April with an improvement in business conditions, employment and purchasing orders since February. The headline Stanbic Purchasing Managers’ Index (PMI) rose to 57.8 in April from 53.2 in March, signaling a third successive monthly improvement in business conditions since the series began with an average…

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ULGA Launches LED Pilot Project to Boost Revenue Collection by Local Governments

  The Uganda Local Government Association (ULGA) has launched the Local Economic Development (LED) as a pilot project aimed at boosting local revenue collections. The launch was held in Kampala presided over by the State Minister for Local Government, Jennifer Namuyangu who noted that the project is one of the avenues through which local governments can provide better services to…

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US Automotive Investor Commends Akoin Cryptocurrency

Ashworth Barnes the Chief Executive Officer (CEO) of 713 Motoring a leading automotive company in US has welcomed the Akoin cryptocurrency initiative as a measure to boost business and investment in Africa. Akoin is a cryptocurrency powered by the blockchain eco-system of tools and services designed for entrepreneurs in rising economies of Africa and beyond. The Akoin was created by global…

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Ashworth Barnes Meets Museveni, Talk Setting up Automotive Technical Institute

President Museveni has held talks with Ashworth Barnes, the Chief Executive Officer (CEO) of 713 Motoring company on boosting automotive industry in Uganda. Ashworth who is in the country upon invite by the East African Partners met President Museveni at his country home in Rwakitura last week. During the meeting, the US entrepreneur and investor tabled his idea of setting up…

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Museveni, Akon Talk Boosting Uganda’s Tourism Sector

President Museveni has today welcomed Senegalese-American business tycoon and music star Aliaune Thiam aka Akon at his upcountry home in Rwakitura. Akon’s coming into the country follows an official trip to the US by the Senior Presidential Advisor on Diaspora Affairs, Amb. Abbey Walusimbi which was aimed at enticing potential business investors to come into the country. During the meeting,…

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Amb. Walusimbi Meets URA Bosses, Roots for Tax Incentives to Diasporas

The Senior Presidential Advisor on Diaspora Affairs, Amb. Abbey Walusimbi has called upon Uganda Revenue Authority (URA) to come up with packages that offer tax incentives to Diasporas. This he noted while officiating at a meeting held at URA attended by officials from the Ministry of Foreign Affairs, Ministry of Gender, Post Bank Uganda, Office of the President and URA.…

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