Category Archives: Buisness
On the matter of Ham Kiggundu Vs Diamond Trust Bank – Julius Galisonga
Reading Time: 8 minutes
Every once in a while, courts make decisions that upset whole industries and realign the way the industry operates, causing wholesale changes right up to for example, the agreements operational in such industry, even the wording of such documents.
In Uganda, these cases are many, including Frederick J.K Zaabwe Vs. Orient Bank Ltd and 5 others, Sinba (K) Ltd and 4 others Vs. Uganda Broadcasting Corporation, Sam Kuteesa and others Vs. Attorney General, etc. The salient feature among these cases is that they stated the obvious, but which obviously had long since been abandoned by the losers, yet just a little caution would have prevented such gross implications of the decisions. If I must add, the decisions led to loss of colossal sums of monies.
Money Heist: North Korea’s Beagleboyz behind Airtel & MTN Mobile money loss hysteria
Reading Time: 2 minutes
Money Heist: North Korea’s Beagleboyz behind Airtel & MTN Mobile money loss hysteria. Whisper Eye Reports
Uganda financial institutions were targeted by notorious North Korea team known as Beagleboys and walked away with billions without even stepping in Uganda.
Since February 2020, North Korea has resumed targeting banks in multiple countries to initiate fraudulent international money transfers and ATM cash outs. The recent resurgence follows a lull in bank targeting since late 2019. Notes a warning by the cybersecurity & Infrastructure Security Agency.
Fire Outbreak : Jinja Vita foam factory on fire
Reading Time: < 1 minute
Fire Outbreak : Jinja Vita foam factory on fire. Whisper Eye Reports
Vita Foam factory, a mattress manufacturing factory located in the newly created City of Jinja.
Our source from the site has informed Us that the cause of the fire is not yet known.
They are the manufacturers of mattresses, pillows, baby cots and other foam products.
Airtel uganda opens up a Airtel shop in Nateete
Reading Time: < 1 minute
Airtel Telecommunications opens up a Airtel shop in Nateete. Whisper Eye Reports
Uganda’s leading Telecom giants Airtel Uganda has opened up a shop in Nateete to help their customers in the locality.
The shop is located at God with Us Plaza near Centenary Bank, Nateete branch, room number BO11.
KACITA strongly oppose Second Lockdown on Kampala Arcades
Reading Time: 2 minutes
Kacita strongly oppose Second Lockdown on Kampala Arcades. Whisper Eye Reports
Kampala Capital City Traders’ Association (KACITA) Board members and the entire business community oppose the roaming second Covid-19 lock down to business community.
Given the prevailing Covid-19 situation at hand, the business community and the general public is going through un-normal and unplanned situations.
Terrible: Kampala demands more 300 millions litres of water per day
Reading Time: 2 minutes
Terrible: Kampala City demands more 300 millions litres of water per day. Whisper Eye Updates.
The National Water and Sewage Cooperation (NWSC) has embarked on a project to increase water supply in Kampala Capital to meet the water shortage of estimated 300million liters.
NWSC to serve more 400million litres of water to Kampala city.
Currently NWSC produces 240million litres of water per day from Ggaba water works.
Road to 2021: NRM cream, former VP Bukenya, Prof. Kyabayinze and Minister Eng. Galabuzi lock horns for Busiro North Parliamentary seat
Reading Time: 2 minutes
Road to 2021: NRM cream, former VP Bukenya, Prof. Kyabayinze and Minister Eng. Galabuzi lock horns for Busiro North Parliamentary seat. Whisper Eye Reports
Busiro county North constituency has attracted the finest brains from the ruling National Resistance Movement (NRM) to fight for the seat.
Former vice president Gilbert Baalibaseka Bukenya made an abrupt U-turn to active politics when he declared to contest for the seat in the forthcoming coming general elections.
World Lions Day: World Animal Protection calls for Lions protection to avert it’s extinction
Reading Time: 2 minutes
World Lions Day: World Animal Protection calls for Lions protection to avert it’s extinction. Whisper Eye Reports.
As the world marks World Lions Day today, World Animal Protection a local Ngo in Uganda warns that the King of the Jungle may soon be extinct if urgent measures are not taken.
The World Animals Protection has called for urgent intervention from authorities to protect the king of jungle.
Exclusive : Soroti Fruit Factory in crisis mismanagement as sexual harassment , corruption , illegality over 10 USD fund take centre stage.
Reading Time: 2 minutes
Exclusive : Soroti Fruit Factory in crisis mismanagement as sexual harassment , corruption , illegality over 10 USD fund take centre stage. Whisper Eye Reports
Uganda Development Corporation’s Soroti fruits factory faces Mismanagement outburst. Whisper Eye Reports.
Whisper Eye has learnt that Soroti Fruits Factory that was launched by president Museveni last year , 2019 in April is facing nepotism , poor governance ,unending illegalities amounting from Sexaul Harrasment of workers.
Impunity and corruption at Bank of Uganda – Andrew M. Mwenda
Reading Time: 5 minutes
Impunity and corruption at Bank of Uganda
Last week, Bank of Uganda (BOU) issued a press statement in which it promised to appeal a ruling by the Court of Appeal in a case against businessman Sudhir Ruparelia over Crane Bank. Yet the statement did not deal with the reason why the court rejected all the grounds of appeal by BOU. Instead, BOU sought to win public support, and perhaps even morally bribe Supreme Court judges, on fictitious claims that somehow Sudhir stole money from Crane Bank. Yet this is not a matter that was before the court.
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