Lawyer Timothy Masembe of MMAKS Advocates finally appeared before MPs on parliament’s Committee on Commission, Statutory Authorities and State Enterprises (COSASE) on Tuesday afternoon after snubbing the Committee in the morning. He was supposed to give details concerning the sale of Crane Bank Limited (CBL) where his firm played the
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Uganda is set to host a strategic Leaders summit under the theme, “Innovation, leadership and entrepreneurship development in times of uncertainties”. Organized by Human Capital International (HCI) a human capital development company based in the UK with offices in Ghana and here in Uganda, the Summit, which is going to
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The merged CBA and NIC bank will count among its top owners some of Kenya’s most renowned billionaire investors and political figures, shareholder information on the two lenders has revealed. Records from the Registrar of Companies have revealed the underlying ownership of the privately-held CBA bank, whose investors will control
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Passion fruit is a perennial vigorous vine, which grows to give oval or round shaped fruit. This vine is native to tropical regions of southern Brazil; this succulent fruit is also grown in Uganda and mainly in Masaka and Kasese districts. However, passion fruits can be grown in many parts
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How much is Kenyan Deputy President William Ruto worth? That question took about two minutes of an interview Dr Ruto did with the BBC that was aired on Tuesdayand Kenya’s second-in-command just fell short of saying he would not reveal the extent of his wealth. In a wide-ranging conversation with
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Lawmakers on the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) were on Tuesday shocked to learn that Bank of Uganda (BoU) closed a ghost bank in the name of Cooperative Banks. This is after it emerged that two banks had been registered in the same name yet the
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dfcu bank has spoken out on an attempted robbery and assault of employees at its Bwaise branch in Kampala. In a statement dated February 12, 2019, dfcu bank says several armed men ambushed the bank’s staff as they were closing up to leave the branch after work. “Unfortunately, during the
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It is abright morning on Thursday10, 2019 with no signs of rain visible in the skies. I and a colleague embark on a journey to Katindigo, a village located in Mpigi district about 15 kilometers off Kayabwe town along the Kampala–Masaka Road. Kayabwe, a town where the Equator line passes
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Shocking details have emerged of the man who claims he performed black magic for the Speaker of Parliament. According to sources, Damian Akuze, a resident of Buwala, Kamuli District in Eastern Uganda has never been a Witchdoctor. Two weeks ago, Akuze shocked the nation when he dragged Speaker Rebecca Kadaga
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Uganda's President Yoweri Museveni has lectured African leaders gathered for the 32nd Ordinary Summit of the African Union Heads of State and Government in the Ethiopian capital, Adis Ababa. The lecture took place on Monday morning and focused on the need for Africa to integrate economically and politically. "However, political
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