Officials from the Bank of Uganda (BoU) yesterday found a difficult time explaining they hired external lawyers who are directors in different commercial banks as their legal advisors. The officials led by Governor Emmanuel Tumusiime Mutebile and Deputy Governor Louis Kasekende on Tuesday returned before the committee on Commissions, Statutory
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The European Union renewed sanctions on Monday against the ruling coalition’s candidate for presidential elections in Democratic Republic of Congo, Emmanuel Ramazani Shadary, and 13 other senior officials. The decision is likely to worsen relations between the EU and President Joseph Kabila’s government, which has lobbied against sanctions it calls
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One of the International Monetary Fund’s top officials warned on Tuesday that storm clouds were gathering over the global economy and that governments and central banks might not be well-equipped to cope. The Fund had been urging governments to “fix the roof” during a sunny last two years for the
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A debate on Parliament's Presidential Affairs report on the Bulambuli land survivors' resettlement land saga on Tuesday ended up in bribery counter accusations among Members of Parliament. The report presented by the Committee Chairperson Jessica Ababiku recommends the cancellation of the 2,876 acre land transaction by the Office of the
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The Rwandan authorities say a genocide suspect has been extradited from Denmark and will be back in the country in a few hours' time. Wenceslas Twagirayezu is accused of carrying out atrocities during the 1994 genocide in which an estimated 800,000 Tutsis and moderate Hutus were killed. Rwandan prosecutors accuse
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A section of MPs want a Select Committee set up to investigate Foreign Affairs Minister, Sam Kutesa over a bribe he reportedly received from former Hong Kong minister Patrick Ho Chi-ping. The MPs argue that the Attorney General, William Byaruhanga can’t investigate Kutesa because of conflict of interest since the
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The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) Chairperson, Abdu Katuntu has rejected President Yoweri Museveni’s idea of probing Bank of Uganda officials in confidentiality. COSASE is currently investigating BoU officials regarding the controversial closure of the seven defunct banks. Katuntu argues that if the probe is
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The Central Bank of Kenya (CBK) has unveiled Kenya’s new generation coins that will start circulating this Tuesday, Kenyan media reports. The new currency, which was gazetted on Tuesday, contains features that make it accessible to visually impaired people. The new generation coins, whose unveiling was presided over by President
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Early signs suggest that the US-China rivalry will find its way to the African continent in 2019. While the US is multiplying warnings about the perils of Chinese debt-fuelled spending for economic stability, China will continue to broaden its engagement across the continent, with particular focus on East Africa. This
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Franco-Gabonese entrepreneur Nicolas Pompigne-Mognard is the founder of the APO Group, a leading media consulting firm and press release distribution service in Africa and the Middle East. The company, which Pompigne-Mognard founded in 2007, employs close to 80 employees across its offices in Switzerland, Dubai, Senegal and Hong Kong, and has
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