The Commercial Court has pushed to March1, 2019 the hearing of pending applications in the case between city property mogul Sudhir Ruparelia and Bank of Uganda new external lawyers- Sebalu & Lule advocates over conflict of interest. Sudhir sued Sebalu & Lule advocates that were contracted by BoU as external
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The Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) has for the last three months been investigating Bank of Uganda (BoU) over the controversial closure and sale of seven defunct banks. The investigations followed the special audit report by the Auditor General that raised a number of queries
Read MoreWith a significant drop-out rate of girls from primary school to secondary school and college, one new initiative in Ghana aims to improve the country's innovation, competitiveness and productivity by bringing more girls into the formal digital fold. A report by the World Wide Web foundation found that women in
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The proposal by Government to issue promissory note to an Italian investor to a tune of USD379.71m (about Shs1.39 trillion) for the construction of an international specialized hospital in Lubowa along Entebbe road has irked a section of MPs. A promissory note is a financial instrument that contains a written
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The State House Anti-Corruption Unit has picked up two Jinja based Uganda Revenue Authority-URA officers. Hassan Milo and Ferdinand Wamala were caught red handed receiving a bribe of Shillings 45 million from local businessman, Jomo Nkata. The bribe was part of Shillings 50 million meant to help Jomo to evade
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dfcu Customers will, for a limited time only, access personal unsecured loans of up to UGX 150 million at a competitive interest rate as low as 17.5% per annum. According to dfcu Bank’s Head Personal Banking, Miranda Bageine Musoke, customers will be able to apply in minutes and have money
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Uganda doesn’t conduct its diplomatic relations with other countries in the media like the case is with the Rwandan, the Ugandan Government has said. This is after Rwanda President, Paul Kagame attributed the tensions between the two nations on Ugandan government listening to rumors from people who are opposing the
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Another student of Nkumba University has been killed in his hostel room at Nkumba in Katabi Town Council. 26-year-old Godfrey Kateu was found dead in his room at 8.00 am this morning with loud music playing. His neighbor, Paul Ssengonzi told local mews agency, Uganda Radio Network that they decided to
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President Yoweri Museveni has donated 1.3 billion shillings for the construction of the Uganda Local Government Association, ULGA house. This is the second time, Museveni has contributed money for the house project, whose construction started more than ten years ago. In 2009/2010 financial year, the President donated 700 million shillings,
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Cabinet has approved the Physical Planning Bill, paving the way for quacks to be eliminated. The bill was approved during the weekly cabinet meeting on Monday. While addressing the media in Kampala, Government spokesperson, Ofwono Opondo said the bill would help to establish infrastructure for the better look of the
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