Uganda’s leading Salt manufacturer, The Kampala Industries and Infrastructure Development Ltd under the brand Kampala Salt wants government to relief them from import tax levied on raw materials. Alok Kala the Company Chief Executive Officer says the tax levied on raw materials is hindering their production capacity, and eating into their profits. “As Uganda’s only Salt manufacturer, our plea to ...
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In the events of the court case between Ham Enterprises and Diamond Trust Bank, here is a quick summary of how everything started, to the last moment of judgement. 1. Ham borrows U$50M and UGX 100B. 2. DTB-Uganda books the facilities in DTB-Kenya books, like many Ugandan banks do because of their limited capital abilities. 3. Ham goes ahead and ...
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Uganda at 58 years since her independence. Obviously so much has been achieved but we still stagger in some areas. The day’s events however, is unlike other years, this time round, there are no public arranged ceremonies and celebrations due to Coronavirus. The president will be speaking to the nation from the state house in Entebbe. The positives Much as, ...
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The founder of Nexus Bar and Restaurant in Najjera, Ivan Kakooza is reportedly dead. This was confirmed by Joan Kaitetsi, the manager of the suburb’s most popular hangout. “Yes, it is true, Ivan is gone,” Kaitesti told reporters early Friday morning. The cause of death is still unknown. However, Kaitetsi said Ivan had been unwell lately. “He has not been coming to ...
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President Museveni has appointed Lt. Col. Charles Oluka as the new Internal Security organization(ISO) Director-General to replace Col. Kaka Bagyenda, Newslex Point has learnt. According to the changes that take immediate effect, Taban Amin has been made the new Deputy Director-General of ISO. On Wednesday, media reports had indicated that former aide to former Prime Minister, Capt.Emmy Katabazi had been ...
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