Uganda Bankers’ Association (UBA), an umbrella organization for financial institutions licensed and supervised by Bank of Uganda is to join Diamond Trust Bank (DTB) in appealing against court’s ruling in the loans case against Ham Enterprises Ltd, owned by businessman Hamis Kiggundu. Commercial Court head Justice Henry Peter Adonyo on Wednesday ruled that the credit…
President Museveni has sacked Internal Security Organisation [ISO] boss Col. Kaka Bagyenda and replaced by Charles Oluka, according to reports. This website have learnt that Oluka will be deputised by Emma Katabazi who has been heading the ISO media desk. Army spokesperson Brig Gen Flavia Byekwaso told this website that she had not yet confirmed the…
Several bosses in commercial banks in Kampala and other financial institutions are sweating plasma following the October 7th, 2020 ruling by the High Court Commercial Division in a case filed by tycoon Hamis Kiggundu and Diamond Trust Bank, in which caused outlawed syndicate lending. The panic among commercial banks executives arose after High Court justice…
New details regarding Ms Sylvia Muwebwa Ntambi, the embattled chairperson of the Equal Opportunities Commission (EOC), indicate that she is not admitted as per the documents submitted to the court. This website’s investigations show that Ntambi feigned sickness to evade court, where she was expected to appear on Wednesday to respond to corruption charges. Ntambi…
