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Buganda Road Court Withdraws Summons Against DTB Directors in The Ham Saga

Buganda Road Magistrates Court has rescinded the criminal summons it had given out to a number of DTB directors in the 120 billion shillings case filed by city businessman Ham. The same Court had on the 14th of September 2021 issued summons to several DTB Directors on a number of charges. These included theft, faking documents and conspiracy to commit…

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DTB Bank Doomed As Clients Withdraw Their Savings Over Tycoon Ham’s Shs120Bn

DTB Bank Doomed As Clients Withdraw Their Savings

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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NOT OVER! Court serves criminal summons to Aga khan Boss, DTB Officers in Ham’s case

NOT OVER! Court serves criminal summons to Aga khan Boss, DTB officers in Ham’s case

Turning into an electronic fraud case, Ham’s DTB case has once again escalated swallowing the Aga Khan Founder and Chairman, and more three (3) Diamond Trust Bank Officers in the new criminal summons issued by the Buganda Road Magistrate Court as of 13th September 2021. Those summoned include; Prince Karim, Nassim Muhamed Devji- Group Chief Executive Officer and Managing Director…

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US Electronics Company Frauded By Non Existent Ugandan Company

A US based electronic company known as Voltech dealing in transformers has run to the commercial court seeking the Court’s intervention in a deal where it was scammed. The company is therefore looking to obtain it’s transformers from URA according to the petition in the Commercial division of the High Court. According to the application in court, Voltech supplied the…

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Role Of Block Chain In The Business Sector

With the imminent arrival of block chain technology in the global economy, it’s set to promote a number of benefits that the cash economy has failed to effectively make. These include some of the following below. Transparency of Crowd funded capital Crypto currency will help to make crowdfunding more easier and transparent. Nobody really likes to donate their money and…

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Africell follows other giant companies, expected to exit Uganda

The Ugandan economy continues to suffer major blows after another giant company, Telecom company Africell announced that it will be exiting the Ugandan economy. The telecommunication company entered the Ugandan market in 2014 after buying the stake of French Telecom company, Orange. The exit will be ending a seven year stint in Uganda that has proved rather fruitless than the…

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How to make smart investments in Crypto Currency

Crypto currency is one of the new financial fields that seem quite lucrative for investment. It has attracted quite numerous mixed reactions over the world. Most people don’t understand the topic generally and may well look through our previous articles or others on the web to understand what crypto currency is all about. And like any other indigenous business field,…

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