Tag Archives: TYCOON

Swiss-Indian billionaire Pankaj Oswal’s industrial empire is under fire after Ugandan authorities accused his flagship ethanol factory in the East African country of choking protected wetlands with toxic waste — a crime that could land company bosses behind bars for up to 12 years, RedPepper can report. The storm centres on PRO Industries Pte Limited, a massive ethanol and extra-neutral …

City tycoon Sadat Muhinda is reportedly living large in the bedroom even as storm clouds gather over his SMS construction business empire. RedPepper snoops have exclusively learnt that Sadat recently conducted a nikah ceremony, quietly taking yet another wife—pushing his alleged number of women to more than five. The ceremony was tightly guarded. Sadat Muhinda and his new Stanchart babe …

By Our Reporter Kampala: City tycoon Mukesh Shukla, popularly known as Mukesh, is once again at the centre of a long-running legal storm as alleged property mafias intensify efforts to frustrate his multimillion-dollar business empire through protracted court battles dating back to 2009. At the heart of the dispute is Shumuk House, a prime commercial property on Colville Street in …

Big-hearted President Yoweri Museveni has forgiven Swiss-Indian billionaire Pankaj Oswal, whose family in 2024 launched an international smear campaign accusing Uganda of abducting and torturing their daughter. Oswal and his kin – wife Radhika Oswal, daughter Riddhi Oswal ran to every media house—local and international—plus the United Nations Working Group on Arbitrary Detention (WGAD), painting Uganda as a rogue state …

Business mogul Hassan Basajjabalaba has revealed he spent a jaw-dropping USD 6million ( about Sh20 billion) on medical treatment for his late 86-year-old mother, Hajjati Azida Basajjabalaba, as he renewed calls for Uganda to urgently introduce a National Health Insurance Scheme. Speaking emotionally at her burial in Katungu, Ishaka–Bushenyi on Sunday, Basajjabalaba said he made over 20 international medical trips …

Post Views: 5 Tycoon Hassan Basajjabalaba By Wilber Muhwezi KasibanteIn Bushenyiwww.mknewslink.comThe chairman entrepreneurs’ league and member of CEC NRM and also the party chairman for Bushenyi District, tycoon Hassan Basajjabalaba has warned government against spending money in PDM with a hope of alleviating poverty is not possible.Basajjabalaba said this today November 15, 2025 at Katungu Ishaka during the sendoff …

The High Court in Kampala has issued a temporary injunction stopping City Oil Uganda Limited and its associates from dealing in a disputed piece of land in Entebbe, ruling that the property must remain untouched until the conclusion of a pending suit. In her ruling, Deputy Registrar Josephine Kabasinguzi Kayondo of the Land Division said the injunction was necessary “to …

A fresh storm has hit Uganda’s investment scene after government quietly allocated 150 acres of Kitubulu Central Forest Reserve in Entebbe to Chinese billionaire Paul Zhang, the man behind the controversial Luzira Prison hotel proposal. The deal — worth a staggering $500 million (about Shs1.7 trillion) — will see Zhang’s Tian Tang Group erect a mega government complex, five-star hotel, …