Members of Parliament want Bank of Uganda (BoU) top bosses fired and punished for the mess in handling the closure and sale of seven defunct banks. Prof. Emmanuel Tumusiime-Mutebile, BoU Governor, his deputy, Dr. Louis Kasekende, former Executive Director Supervision, Justine Bagyenda and Benedict Ssekabira among others are the names
Read More
AS Monaco have had to endure a bumpy ride for the better part of this season after a poor string of results. The former French champions sacked Leonardo Jardim for underperforming and appointed former Arsenal hotshot Thierry Henry in a move that was expected to halt the club’s fall from
Read More
The Speaker of Uganda’s Parliament Rebecca Kadaga has warned Benedict Ssekabira, the Director Financial Markets and Development at Bank of Uganda (BoU) against blackmailing Parliament. Kadaga made the remarks i her communication to parliament this afternoon, noting that Ssekabira wrote to her raising concerns on some of the key findings
Read More
Kenya’s Central Bank Governor (CBK) Patrick Njoroge (in featured photo) on Tuesday revealed that 99.3 percent of bank accounts in Kenya have less than Ksh.1million (about UShs37 million), Citizen TV reports. Njoroge, appearing before the Parliamentary Committee on Finance and National Planning on Tuesday, said most Kenyans willingly report on
Read More
Makerere University joint staff associations have asked Parliament to intervene in the affairs of the institution, saying the current environment has infringed on their God-given freedoms. They are calling for autonomy of staff associations. The members of the staff associations led by the leaders of the Makerere University Academic Staff
Read More
The Uganda National Meteorological Authority (UNMA) has released the March To May 2019 seasonal rainfall for Uganda indicating that most parts of the country will have heavy rains. In a statement dated Febraury22, 2019, Dr. Festus Luboyera, the UMNA Executive Director says overall, there is an increased likelihood of near
Read More
Police in Kenya say they have a busted a seven-man syndicate which allegedly impersonated President Uhuru Kenyatta and other government officials to defraud local business tycoon Naushad Merali of a huge sum of money. One of the men phoned Mr Merali, the chairman of Sameer Africa, mimicking the president's voice
Read More
Uganda's Minister of Trade, Industry And Cooperatives has praised the country's progress on the Buy Uganda Build Uganda (BUBU) policy saying its the highest form of patriotism. Amelia Kyambade made the remarks while addressing the media on Tuesday in preparation for the BUBU Expo slated for next month. "Buy Uganda
Read More
The Kenya Revenue Authority (KRA) has obtained orders freezing 11 accounts associated with businessman Humphrey Kariuki over alleged tax evasion amounting to KSh3 billion (UShs109.9bn), Daily Nation reports. The accounts are scattered in seven banks, including Equity, National Bank of Kenya and Kenya Commercial Bank (KCB), and are linked to
Read More
Officials implicated in the controversial closure and sale of seven banks are in trouble after the Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) report advised the Inspector General of Government (IGP) and Uganda Revenue Authority (URA) to take action on them. COSASE investigations into BoU followed the
Read More
