The Battle Continues as court trashed ruling in Hamis Kiggundu Vs DTB case

Hamis Kiggundu

The battle is far from over as the Court of Appeal has of today nullified a ruling that was earlier on made in regards to the Hamis Kiggundu, Diamond Trust Bank (DTB) case last year. According to the ruling by Justice Henry Peter Adonyo last October, the bank had violated the Financial Act of 2003 resulting in his judgment that…

Business activities in Uganda on rise

The private sector in Uganda has continued to recover in the April with business conditions, employment and purchasing orders consistently improving. Since February this year, it has secured greater volumes of new orders amidst normal operating conditions. The Purchasing Managers’ Index (PMI) rose to 57.8 in April from 53.2 in March. This has signaled a third successive monthly improvement in business…