Simbamanyo Estates Limited has lost another property, Afrique Suites Hotel over a $10.8 million loan acquired from Equity Bank. Recently, the Estate lost Simbamanyo House located on plot 2 Lumumba Avenue after it failed to service the loan. The building had been mortgaged by its owners with Equity Bank but after failing to pay, the…
Equity Bank Uganda denied having ever facilitated or engaged in facilitating any illegal cover to have Equity Bank Limited and Bankone Limited engage in financial institutions business in Uganda. Peter Kamya, an architect, has asked Justice Boniface Wamala to disqualify himself from hearing Simbamanyo House cases, citing bias. “The judge has not conducted himself in…
Kira Road Police Station has rescued a five-year old child, who was about to be sacrificed by his father using a machete over unknown reasons. During the rescue, the officer discharged a bullet to disable the father, Suleiman Male, 28, but it fatally injured him. The incident happened on Saturday at around 11am in Kyebando,…
Student leaders from public and private universities have called on government to pay salaries for teachers in private schools for at least a year after re-opening academic institutions for only finalists due to Covid-19 pandemic. The guild student leaders from Makerere University, Kyambogo University and Uganda Christian University who presented a joint petition to Speaker…
Sacked Internal Security Organisation (ISO) Director General, Col. Frank Kaka Bagyenda has been appointed Uganda’s Ambassador to Angola, this website has learnt. According to sources at Ministry of Foreign Affairs, Col. Bagyenda was posted to Luanda as the pioneer diplomat after Uganda decided to open an embassy in the central African country previously occupied by…
By Nayebale Syrus Sheema Municipality National Resistance Movement (NRM) Frag bearer Dickson Kateshumbwa has called upon his supporters double efforts in hunting Elections upto the last voting day. Kateshumbwa made a call on Thursday October 15, 2020 at Sheema District Electoral Commission headquarters after being nominated as a contestant in the 2021 Parliamentary race. Kateshumbwa…
By Nayebare Syrus The Sheema Municipality Member of Parliament and Minister of Science, Technology and Innovation Elioda Tumwesigye who lost in the National Resistance Movement (NRM) party primaries have described the process as a sham and vowed to return as an independent candidate. The dissatisfied Minister was recently defeated by former Uganda Revenue Authority customs…
By Musaazi Namiti Kampala: The governor of the Bank of Uganda (BoU), Emmanuel Tumusiime-Mutebile, has a dazzling array of awards to his name, and enumerating them requires a fair bit of time. I will take a quick look at the awards and then pose the million-dollar question: How can an award-winning governor be the same…
