The Bank of Uganda (BoU), the regulator of Uganda’s banking sector is increasingly being put under scrutiny. With the ongoing legal battle between BoU and real estate mogul and founder of the defunct Crane Bank, Sudhir Ruparelia, Amos Nzeyi, one of the shareholders and former chairperson of National Bank of
Read More
Kampala Capital City Authority (KCCA) officials were on Wednesday grilled for deducting National Social Security Fund (NSSF) money on staff salaries without remitting it to the Fund. The officials led by KCCA, Deputy Executive Director, Sam Serukuuma were appearing before the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises
Read More
By Godfrey Kenneth Gobba Millions of people are busy toiling day and night so that they can save enough money to buy land. The average individual tends to look at a land title with their name on it as a sign of financial accomplishment even if most of the time
Read More
Coca-Cola Co (KO.N) reported a 60.2 percent drop in quarterly profit, as the beverage maker incurred a charge of $653 million related to refranchising its North America bottling operations. Reuters reports that net income attributable to Coca-Cola's shareholders fell to $1.37 billion, or 32 cents per share, in the second
Read More
Dr. Frank Sebbowa, the former Uganda Investment Authority (UIA) retired from public service last year. In April 2017, Jolly Kaguhangire replaced Sebbowa as UIA’s substantive Executive Director. Sebbowa has since joined the private sector; he is the Chief Executive Officer at Frank Energy Consultants, a company he co-founded early this
Read More
Uganda's President Yoweri Museveni has mastered the art of using young talent to cement his leadership in the East African nation. Today we present part II of the list of youths who work for Museveni to achieve this goal. The article below has been circulating on social media platforms and
Read More
Tea brewer Gold Crown Beverages has filed an insolvency petition against retail chain Nakumatt seeking to recover a KSh60 million debt it says has remained unpaid since January last year, reports the Daily Nation. The suit comes barely two months after another firm—African Cotton Industries—filed a similar application before the
Read More
Uganda Cranes captain and goalkeeper Denis Onyango has confirmed that national coach Milutin 'Micho' Sredojevic told him he was quitting. The reigning African Football of the year (African based) told local news agency, URN on phone from his base in Pretoria, South Africa on Tuesday that when he met Sredojevic
Read More
Betting firm SportPesa is set to meet Uganda President Yoweri Museveni as it inches closer to setting shop in the neighbouring country following its Tanzania entry on March 9. Mr Museveni last week sent a high-powered government delegation, led by Youth minister Nakiwala Kiyingi, to Nairobi to meet Sportpesa Kenya
Read More
A well-known South Sudanese politician who a few months ago had called on government soldiers to lay down their weapons saying that would leave President Salva Kiir with no power, said Monday she has reconciled with the president. Rebecca Nyandeng, widow of South Sudan founding father John Garang and former
Read More
