President Yoweri Museveni has said that democracy begins with dialogue and that anyone who calls himself or herself a democrat, should support dialogue or miss out on the opportunity to be clearly understood and influence opponents to his or her side. President Museveni made the remarks during the Inter Party
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Kampala Capital City Minister, Beti Kamya has warned that street vendors hoping to take advantage of the festive season and flood the streets will be arrested. Kamya issued this warning in a statement on Thursday adding that religious leaders who pollute the city with noise during this festive season will
Read MoreBank of Uganda (BoU) woes continues to deepen. The latest is that owners of Global Trust Bank (GTB) are demanding for over Shs316.5bn the Central Bank over what they call malicious and illegal closure of their bank. The plea was made by the five member team of former owners of
Read MoreKooki Chiefdom is demanding for direct talks with the Kabaka Ronald Muwenda Mutebi II to resolve the hostilities between the two cultural institutions, URN reports. In a statement issued on Wednesday evening, Iddi Ahmed Kiwanuka, the Kooki Chiefdom Prime Minister, says they want to discuss issues of mutual respect between
Read MoreA 20-year-old man has drowned while being baptised by a pastor in a river south of Ghana's capital, Accra. In a video circulating on social media, Yaw Kyeremeh is seen stationed at the banks of River Densu together with a pastor who immersed him in the water. Then after brief
Read MoreBoU Fails To Explain Extent Of Crane Bank Undercapitalization, Auditing Firm PwC Summoned
The Committee on Commission’s Statutory Authorities and State Enterprises (COSASE) has summoned auditing firm, Price Water Coopers (PwC) to appear before the Committee to explain how they arrived at the Shs239bn undercapitalisation figure Crane Bank reportedly faced. This was after Bank of Uganda (BoU) officials failed to explain the extent
Read MoreMost African countries have a positive economic outlook, apart from those with upcoming elections, according to ICAEW’s (the Institute of Chartered Accountants in England and Wales) latest report. In Economic Insight: Africa Q4 2018, launched today, the accountancy body provides GDP growth forecasts for various regions including East Africa which
Read MoreBoU Officials Grilled On How They Spent Shs478bn To Revive Crane Bank Yet It Needed Shs157bn Capitalization
Bank of Uganda officials have come under fire for taking over Crane Bank that needed Shs157bn capitalisation and then going ahead to spend Shs478bn on running it before it was finally sold to dfcu bank. Members of Parliament on the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) are
Read MoreUganda's Ministry of Gender, Labour and Social Development has refuted social media reports that former civil servants are set to receive cash benefits from the ministry. This rebuttal was made on Tuesday after news spread on social media that former workers from 1962 to 2018 stood to benefit from the
Read MoreTanzania's President John Magufuli has signed an agreement for the construction of a controversial hydro-electric power project in one of East Africa's best known game reserves. The power plant on the Rufiji River in the Selous Game Reserve is to be built by two Egyptian firms at a cost of
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