Shocking details continue to emerge about how commercial banks were sold off by the central bank in Uganda. The latest we have gathered on the acquisition of seven defunct banks indicates that Nile River Acquisition, a company that is said to have bought Green Land Bank, ICB, Co-operative Bank at
Read More
Makerere University Research Fellow Dr Stella Nyanzi has asked to be sent back to Luzira after pleading not guilty to charges of cyber harassment and offensive communication, reports URN. Nyanzi was arrested after posting a loutish birthday poem to President Yoweri Museveni on September 16, 2018, a day after President
Read More
By AFP Soaring birth rates in developing nations are fuelling a global baby boom while women in dozens of richer countries aren't producing enough children to maintain population levels there, according to figures released Friday. A global overview of birth, death and disease rates evaluating thousands of datasets on
Read More
Uganda Revenue Authority (URA) legal team has won another precedent setting victory in highest court in the land against Rock Petroleum (U) Ltd, and the lawyers that had represented it. It should be noted that in 2009, the Rock Petroleum sued URA in the High Court, to recover excise duty
Read More
The Education and Sports Committee of Uganda’s Parliament Thursday started considering a petition challenging high tuition and non-tuition fees charged by government aided schools. Appearing before the Committee, officials from Initiative for Social and Economic Rights (ISER), a Civil Society Organisation appealed to MPs to expedite the inquiry to inform
Read More
Johnson& Johnson Thursday launched the Champions of Science Africa Innovation Challenge 2.0, the second continent-wide competition calling on African innovators to submit ideas for innovative technologies, products and solutions that have the potential to create positive impact for African communities. The challenge focuses on identifying scalable and sustainable solutions to
Read More
The former executive director Bank of Uganda in charge of supervision, Justine Bagyenda (in featured photo), has been excluded from the new board of the Financial Intelligence Authority. Bagyenda was scheduled to appear before the Appointments Committee of parliament in September for vetting but she skipped the event. She claimed
Read More
Police has spoken out on the reported kidnap of members belonging to a youth group, Youth Power Research Uganda that has been at the centre of fighting corruption in Uganda. Below is a statement from police about their arrests; Police has arrested two suspects in connection to various allegations and
Read More
The Directorate of Ethics and Integrity officials Thursday failed to account for multi-millions spent in two financial years. Officials led by Ethics Minister Fr. Simon Lokodo were appearing before the Public Accounts Committee (PAC) to provide responses to queries raised in the June 2016 and June 2017 audit reports, but
Read More
By Reuters Uganda, which is developing oil deposits but has yet to begin production, will launch its next bidding round for oil exploration licenses in May 2019, a government official said on Tuesday. Uganda discovered 6.5 billion barrels worth of hydrocarbon deposits 12 years ago in the Albertine rift basin
Read More
