Category: Business

Business
Cryptomining.Farm the alleged bitcoin scam site

CFPAY a cryptocurrency wallet application based in Chaing Rai Thailand is facing various accusations from its clients over fraud. Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reported on Feb. 18. Cryptomining.farm as a new virtual mining company and investment opportunity which […]

5,188 total views, no views today

Business
Kyambogo University sets dates for 2018/2019 private admissions
Kyambogo University calls for eligible bidders

Kyambogo University has allocated funds to be used for the Procurement of the following; Motor Vehicles: Lot 1- 3Station Wagons for DVC-AA, DVC-FA & US Lot 2- 2Motor cycles Road works Kiln (muffle furnace) Bidding will be conducted in accordance with the Open bidding procedures contained in the Public Procurement and Disposal of Public Assets Act, 2003 (as […]

9,582 total views, no views today

Business
How power struggle, Katamba firing led to deportation on MTN CEO Vanhelleputte

MTN CEO Wim Vanhelleputte was Thursday night deported; weeks after three of the company’s expatriate staff were expelled. His deportation documents were signed by Internal Affairs Minister Gen. Jeje Odongo, hours after he had been held and grilled by security. He was briefly detained at Entebbe International Airport before he was taken for an SN […]

9,168 total views, no views today

Business
MTN CEO deported over company’s dealings that are considered “prejudicial to national security”.

MTN Uganda’s Chief Executive Officer – CEO, Win Van Helleput was yesterday deported on orders of the Minister of Internal Affairs Gen. Jeje Odongo. CEO’s deportation came after a 4 hour interrogation by police, Chieftaincy of Military Intelligence (CMI) and Joint Anti-terrorism Taskforce operatives at the special investigations division of Police in Kireka 14th, Fabruary […]

8,528 total views, 1 views today

Business
Army shuts Bobi Wine’s Boxing Day show arrangements at Busabala

It’s a total disappointment to Bobi wine’s funs after receiving news that his busabala beach has been surrounded by army soldiers amidst their arrangements for today’s (boxing Day) show. It can be remembered that Bobi Wine’s shows were cleared by the parliament a few weeks back after confirming that it’s unconstitutional. Bobi wine was first […]

21,039 total views, no views today

Business
Businesses, mobile money transactions pick up after tax cut

KAMPALA- Business appears to be picking up again at different mobile money transaction points weeks after the tax on withdrawals dropped from 1 percent to 0.5 percent. Cyclone Times  has visited different mobile money points in Kampala and has established that transactions have risen after the telecom companies put into effect the amended Excise Duty […]

9,577 total views, no views today

Business
MTN introduces new OTT data bundles

Ever since the government introduced OTT tax few month back, the processing of paying for  OTT ihas been a  challenge to many people, since it requires one to first dail *165*2*8# to pay which many users failed to master. The new MTN data bundles simplifies the payment of OTT tax as it carries both data […]

7,905 total views, no views today

Business
“Amazon will fail” CEO Jeff Bezos confesses to employees

If we start to focus on ourselves, instead of focusing on our customers, that will be the beginning of the end Amazon CEO Jeff Bezos says his company will fail, eventually. The American electronic commerce and  cloud computing company based in Seattle, Washington, was founded by Jeff Bezos on July 5, 1994. The tech giant is the largest Internet retailer in […]

6,393 total views, no views today

Business
URA wins bigger case against Rock petroleum

Uganda Revenue Authority (URA) legal team has won another precedent setting victory in highest court in the land against Rock Petroleum (U) Ltd, and the lawyers that had represented it. It should be noted that in 2009, the Rock Petroleum sued URA in the High Court, to recover excise duty collected in excess. Court ordered […]

5,041 total views, no views today