Category: 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 […]

8,270 total views, 9 views today

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 […]

20,808 total views, 3 views today

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 […]

9,486 total views, 2 views today

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 […]

7,573 total views, 6 views today

“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 […]

6,206 total views, 2 views today

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 […]

4,925 total views, no views today

Housing Finance Bank managing director quits

Housing finance Managing Director Mathias Katamba has tendered in his resignation letter as scandals continue to bit banking sector. Mr Katamba handed in his resignation board after four years at the helm of the bank. Katamba took charge of Housing Finance Bank in March 2014he has he since been praised for his policies that improved […]

14,901 total views, 2 views today

KFC shuts after failing to get money for buying chickens

Zimbabwe’s KFC have closed until further notice as the country’s currency worsens – right after two months since President Emmerson Mnangagwa won elections. According to report focus news, KFC put up notices at its branches in the capital, Harare, and the second city, Bulawayo, saying they would remain closed “during these difficult times” until further […]

3,099 total views, 1 views today