Court has once again dismissed the suit in which one of the former owners of the liquidated National Bank of Commerce (NBC) sued Bank of Uganda, Crane Bank, and former owner Mr Sudhir Ruparelia as well as Kenyan tycoon Rasiklal Chhotal Kantaria. Mr Amos Nzeyi ran to court to challenge the takeover of NBC by…
The Parliament of Uganda has secured office space for new MPs at the Kampala Kingdom building as a business for the 11th Parliament takes shape. The 11th Parliament has 529 MPs who were all sworn in last week and are ready to transact Parliament business with immediate effect. According to Helen Nanteza Kawesa, the assistant…
The case in city tycoon Hamis Kiggundu of Ham Enterprises accuses Diamond Trust Bank of illegally debiting over USD34M from his company’s accounts has taken another twist after the Financial Intelligence Authority (FIA) grilled officials of the bank on Monday, about their roles in the matter. According to a letter seen by this website dated…
The Ruparelia Group of Companies, a privately-owned conglomerate in Uganda has joined a couple of other organizations, companies, and Ugandans to congratulate Omoro County MP Rt. Hon. Jacob Oulanya upon being elected as the speaker of the 11th parliament. Mr Oulanyah was declared winner of the heavily contested speakership race trouncing his former boss Hon.…
By Sam Evidence Orikunda On Sunday evening, I watched the Right Honorable Rebecca Kadaga addressing the media and declaring to run as an independent candidate. I immediately started making an audit of the NRM’s strength in the 11th parliament but the results I was getting were giving me headache and stomache at the same time.…
Residents of Kagongo division in Ibanda municipality, Ibanda district are in shock following the abrupt death of their LC3 chairperson, Aggrey Mushabe. Mushabe was involved in an accident on Kashuku Road in Bufunda division on his way from Ibanda University at 11:00 am on Monday and died on spot. The 44-year-old was sworn in on…
The Military in Mali on Monday arrested the country’s interim President and his Prime Minister in the latest mutiny after a mini cabinet reshuffle. Reports said President Bah Ndaw, Prime Minister Moctar Ouane and Defense Minister Souleymane Doucoure were arrested and taken to Kati, a centre outside Bamako. It was, however, not clear under what…
Omoro County legislator, Rt. Hon. Jacob Oulanyah has been elected Speaker of the 11th Parliament after garnering the required 290 votes from fellow MP. The vote about 310 constituting 60% for Oulanyah and 197, 37% votes for Kadaga ultimately means that Hon. Rebecca Kadaga has been relegated to the backbench unless President Museveni appoints her…
President Yoweri Kaguta Tibuhaburwa Museveni is on a warpath in his renewed fight against corruption, warning that whoever is involved is going to ‘face my full force’. A tough-talking Museveni said corruption was failing the country’s development agenda and asked the newly elected Members of Parliament to support the fight against corruption over the next…
The NRM second top organ Central Executive Committee (CEC) on Sunday morning declined to support Rebecca Alitwala Kadaga as the Party’s flag bearer in race for Speaker due Monday 24th. CEC favored former Deputy Speaker Oulanyah Jacob for the coveted job, and it it is reported CEC based on the following 6 grounds to kick…
