Business

DEVKI Group, the force behind National Cement Limited, has disclosed its intention to establish a second plant in Mbarara District, reinforcing its commitment to serving clients in Uganda and East Africa. The new plant, boasting a capacity of 1.5 million tonnes per annum and an investment of $60 million, is …

As part of its strategic expansion to bring banking services closer to customers in the Busoga region, Diamond Trust Bank (DTB) has officially opened a new branch in Jinja City. The inauguration ceremony, attended by DTB Uganda Chairman Board of Directors Azim Kassam, DTB Group CEO Nasim Devji, and senior …

In a bid to enhance road safety, betPawa has introduced the ‘betPawa Boda-boda Road Safety Campaign’ in Kampala. This initiative is specifically designed to tackle the critical issue of road accidents, with a focus on boda boda riders who are particularly vulnerable to traffic incidents in Uganda. betPawa, a well-known …

Oil marketing companies (OMCs), represented by the Sustainable Energies and Petroleum Association (SEPA), are advocating for amendments to the Petroleum Supply Act to accommodate the import and supply of special petroleum products. While supporting the proposal to designate the Uganda National Oil Company (UNOC) as the sole importer of petroleum …

Hon. Denis Ssekabira, the Member of Parliament for Katikamu North Constituency on the National Unity Platform ticket, is currently under scrutiny for alleged involvement in forgery and the issuance of fake academic documents in his medical schools. The implicated institutions, Luwero Nursing School and St Denis Paramedical School, both situated …

Arsenal manager Mikel Arteta has set his sights on securing the services of 23-year-old Juventus striker Dusan Vlahovic, making him a priority target for the Gunners in the upcoming transfer window. According to reports from Football Transfers, Arsenal has been monitoring Vlahovic for several years, and Arteta is determined to …

Manchester United is reportedly prepared to make a significant move in the January transfer window, targeting Iranian striker Mehdi Taremi from FC Porto. The Red Devils are rumored to offer a lucrative package of €30 million, including an annual after-tax salary of €4.5 million, to secure the services of the …

French striker Kylian Mbappe, whose contract with Paris Saint-Germain is set to expire, has been the subject of transfer speculations, with Liverpool expressing interest. Initially expected to join Real Madrid next summer, recent reports from Spanish publication Sport suggest that Real Madrid has now abandoned the pursuit, leaving Liverpool in …

Axiom Zorn, an AgriTech startup specializing in Information Synergy, Data Mastery, and Credit Scoring to revolutionize Agriculture, Health, and Education for last-mile users in Uganda, secured victory at the Alpha Pitch Competition held at the 10th Africa Fintech Summit in Lusaka, Zambia. The Alpha Pitch Competition, renowned in the startup …

In the wake of a High Court ruling on October 24, 2023, that declared dfcu Bank’s illegal transfer of 48 properties belonging to Meera Investments, the Lands Ministry has nullified all corresponding land titles. These properties were acquired by dfcu Bank after it took over Crane Bank from tycoon Sudhir …