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May 2020 - Page 9

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Broke BoU To Borrow USD500M For Recapitalization

The President of Uganda Gen. Yoweri Kaguta Museveni has endorsed a request by the Ministry of Finance to borrow up to USD500M to recapitalize Bank of Uganda (BoU) and Uganda Development Bank (UDB), following the effects of Coronavirus (COVID-19) on Uganda’s economy.
May 14, 2020
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Opinion: The Rise, Crush & Fall Of Hon Kadaga

By Mbabazi Hanning Gonzaga In the land of bonanzas, the Pearl of Africa where wonders never cease, a poor powerless woman crosses the red line by attempting to confront the Sabalwanyi of Uganda, Gen Yoweri Museveni. The poor woman who knows no
May 14, 2020
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Omoro Man Who Flogged Grandmother Jailed 7 Years

Brian Okello , the man who was caught on camera battering his grandmother in Ongako Sub County, Omoro district has been sentenced to seven (7) years in prison. The accused person was captured on video canning his grandmother, Lucy Anek 83, the
May 13, 2020
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You’re Crossing The Limits – Museveni Warns Kadaga

President Yoweri Museveni is uncomfortable with the way MPs decided to apportion to themselves part of the supplementary budget meant for the covid19 fight. Museveni in an April 28 letter to the Speaker of Parliament expressed that MPs were trying to challenge
May 13, 2020
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