Property mogul Sudhir Ruparelia Thursday afternoon attended in person the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) sitting as a backbencher as the committee grilled dfcu bank officials over Crane Bank takeover. Clad in his signature white shirt, Sudhir who was accompanied by his son, Rajiv and lawyers
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Police’s Directorate of Criminal Investigation and Crime Intelligence (CID) has summoned five journalists attached to various online publications over ‘defamation and personation’ charges, Business Focus has established. According to the summons, Thespy Uganda’s Andrew Irumba, Spy Reports’ Raymond Wamala and Bob Atwine, John Njoroge of The CEO Magazine and Richard
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Bank of Uganda has maintained the Central Bank Rate (CBR), a benchmark lending rate for commercial banks at 10 percent in February 2019. This is according to a Monetary Policy Statement issued to the press today by Governor Bank of Uganda, Prof. Emmanuel Tumusiime - Mutebile. Mutebile said although inflation
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dfcu Bank officials Thursday afternoon returned to Parliament this afternoon for further engagement with the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE). Yesterday the Board Chairman, Jimmy Mugerwa led a combined Board and Management team to parliament following an invitation from the Clerk of the Committee to have
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Three journalists attached to the British Broadcasting Cooperation (BBC) in Uganda and Vivian Nakaliika, the wife of NBS TV news anchor, Solomon Sserwanja (in featured photo) are in police custody. The journalists are Godfrey Badebe, Kasim Muhammad and Rashid Kaweesa, URN reports. Security operatives are still searching for Sserwanja. Robert
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Uganda's President Yoweri Museveni and Commander-in-Chief of the Uganda Armed Forces has said that the National Resistance Army (NRA) which later became Uganda People’ Defence Forces (UPDF), has managed to grow from strength to strength in the last 38 years because it was founded on the right ideology that emphasized
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By Agencies Sharing a husband may lead to greater wealth and health, study says Children can thrive in polygamous families and are often better off than those from monogamous households in poor communities, researchers said on Monday, calling for greater cultural sensitivity among campaigners seeking to ban polygamy. In Tanzania,
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The Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) that is investigating the controversial closure and sale of seven defunct banks has summoned Uganda’s Auditor General, John Muwanga (in featured photo) to explain the circumstances under which he came to acquire shares in the defunct Cooperative Bank without the
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Former Executive Director- Supervision at Bank of Uganda (BoU) Justine Bagyenda directed owners of defunct Crane Bank Ltd to buy some assets and liabilities of National Bank of Commerce (NBC) that was co-owned by former Premier, Amama Mbabazi, tycoon Sudhir Ruparelia has said. Appearing before Committee of Commissions, Statutory Authorities
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Every year, Business Focus lists top Chief Executive Officers (CEOs) and business personalities that would define events of a new year. This is largely because these top managers are responsible for key actions and decisions taken in their respective entities which feed into the general performance of the economy. In
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