Two people have been arrested for alleged hacking into accounts of Centenary Bank and transferring millions of shillings. The two identified as Denis Etumu and Shalih Ajuna were picked from different areas of Kampala after being trailed by intelligence personnel from Central Police Station (CPS) Kampala. Etumu was the first
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The Deputy Speaker of Parliament Jacob Oulanyah has reiterated that legislators should not discuss the Presidential Age Limit. Oulanyah who was chairing the house on Wednesday stated that discussion of things outside of the parliament is misguided and uncalled for. His statement came after Mukono Municipality MP Betty Nambooze questioned
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A North Korean state agency threatened on Thursday to use nuclear weapons to “sink” Japan and reduce the United States to “ashes and darkness” for supporting a U.N. Security Council resolution and sanctions over its latest nuclear test, Reuters reports. Pyongyang’s Korea Asia-Pacific Peace Committee, which handles the North’s external
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Dangote Cement Plc has approached PPC Ltd. about a takeover deal, signaling the start of a possible bidding war for South Africa’s biggest cement maker after an earlier offer led by Canada’s Fairfax Financial Holdings Ltd. Dangote told PPC’s board that it’s interested in buying “the entire share capital,” the
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Kenya borrowed KSh430.6 billion (over UShs15 trillion) in the five months to June, highlighting the Jubilee administration’s appetite for foreign money to finance mega infrastructure projects. The Daily Nation reports that the Treasury signed a total of 29 new loans involving bilateral, multilateral and commercial creditors. “The proceeds from all
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By Godfrey Kenneth Gobba Wealth and financial freedom are acquired by owning assets that not only appreciate in value, but also generate a dependable income stream. These could be both physical and financial assets but the most important asset in the wealth creation process, is the business asset. A business
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The high profile case between property mogul, Sudhir Ruparelia and Bank of Uganda (BoU) kicked off on Wednesday at Uganda’s High Court, Commercial Division. It is being heard by Justice David Wangutsi. BoU sued Ruparelia and his Meera Investments two month ago, accusing the tycoon of fleecing the then Crane
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Tanzania and Uganda are among several African countries being investigated by the United Nations for violating sanctions imposed on North Korea. A report on the investigations was released by United Nations panel of experts dated September 9, reports the Daily Nation. The report was issued two days prior to the
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Do you remember the indomitable NRM ‘rebel’ MPs that gave President Yoweri Museveni and his ruling party hard times in the run up to the 2016 elections? While they had reconciled with Museveni and somehow went silent in criticizing government, on Wednesday, they showed their true colours when the y
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The Bill & Melinda Gates Foundation Wednesday launched an inaugural annual report showcasing the remarkable progress that has been made in reducing extreme poverty and disease in recent decades, but issuing a stern warning to the world that future progress is in jeopardy. Goalkeepers: The Stories Behind the Data, co-authored
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