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
Read More
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
Read More
The agreement for the sale of Crane bank to DFCU was shoddy and fraudulent, Former Crane Bank owner, Sudhir Ruparelia has said. According to Sudhir, the Purchase of Assets and Liabilities (P&A) agreement signed between BoU and DFCU did not have details of all assets and liabilities that were being
Read More
By Sylver Kyagulanyi Sylver Kyagulanyi The creative industry is by far one of the most obvious development opportunities in countries like Uganda that are characterized by unemployed youth; unbalanced opportunities in formal institutions; a poor education and family background, ,to mention but a few. The performing arts top the list of
Read More
The Deputy Attorney General, Mwesigwa Rukutana has asked the Commission of Inquiry into Land Matters for more time to explain how government acquired the contested land on Mutungo Hill in Kampala. Government occupies 12 acres of land on Mutungo Hill that was procured from Dr Muhammad Kasasa at 2.4 billion
Read More
By Drake Nyamugabwa Japanese company Kansai Plascon, a subsidiary of the Japanese-based Kansai Paint Company has revealed that after seeing that there will be future growth in sales as a result of the emerging oil and gas sector across East Africa and the construction boom, they have stepped up their
Read More
After twenty years of collective service with dfcu, the curtains finally came down on Juma Kisaame’s two decade illustrious career and leadership at an event that was well attended by customers, industry peers, business associates, friends and family. The Speaker of Parliament Rebecca Alitwala Kadaga who graced the dinner, held
Read More
Uganda’s Opposition has lined up 10 electoral reforms government should capture in the impending electoral reforms culminating from the Supreme Court ruling in 2016. It should be noted that when former Premier, Amama Mbabazi challenged President Yoweri Museveni’s victory on grounds that the elections weren't free and fair, the Justices
Read More
Retired army Major General Kasirye Gwanga is under investigation by the Uganda Police over reports that he shot at the car of singer, Catherine Kusasira. Local reports indicate that the incident happened on Tuesday evening in Makindye on the outskirts of the city, Kampala. Patrick Onyango, the Kampala Metropolitan Police
Read More
The ruling National Resistance Movement (NRM)is considering scraping off presidential elections in favour of Parliamentary democracy where a party with majority MPs elects the President in what is known as Electoral College. This move has irked the Opposition, with Betty Nambooze, Shadow Minister for Information and Communication warning Ugandans to
Read More
