Lamu, Kenya — Thousands of high-end vehicles destined for Dubai have been offloaded at Kenya’s Lamu Port due to disruptions caused by ongoing conflict in the Middle East, officials confirmed. Port authorities said over 4,000 cars, including luxury Porsches shipped from Japan, were unloaded from two vessels after shipping routes through the Strait of Hormuz…
KAMPALA — Mukono-based businessman Augustine Kasozi is facing stress after a Ugandan court refused to halt the auction of his assets over an unpaid loan of Shs778 million. Kasozi, known for owning the Colline Hotel and Mukono Bookshop, had sought a court injunction to stop the sale of his properties, arguing that the execution of…
KAMPALA — Norland International Uganda has launched a new tea and coffee franchise business aimed at expanding entrepreneurship opportunities in Uganda and East Africa. This was unveiled during the company’s 7th anniversary celebrations held at UMA Show Grounds Lugogo, Kampala, on Saturday. Speaking at the event, Johnny Chen, President of Norland International and Vice…
KAMPALA — A 31-year-old housewife, Elizabeth Mbabazi, has been sentenced to six months in prison after pleading guilty to her role in an attempted Shs725 million fraud targeting Stanbic Bank, before turning state witness against her co-accused. Mbabazi was convicted by the Buganda Road Chief Magistrate’s Court after entering a plea bargain with the prosecution,…
KAMPALA, Uganda — The Commercial Court has dismissed a lawsuit filed by Entebbe Mayor Fabrice Brad Rulinda against Stanbic Bank Uganda over a disputed Shs273 million ($73,262.50) transaction linked to rebel activity in eastern Congo. In a ruling delivered electronically on Monday, Justice Stephen Mubiru held that Rulinda could not sustain his claim, citing the…