DFCU bank has announced that shareholders of former Crane Bank Limited have filed a claim in the English High Court over its takeover of some assets and liabilities of the bank in 2017. This website understands that DFCU Bank is a subsidiary of DFCU Limited. Arise BV, and the majority shareholder in DFCU Limited is…
Uganda’s paradise resort, Munyonyo Commonwealth has unveiled a luxurious event dubbed ‘Romantic Indulgence’ meant to thrill couples with millions of lavish goodies. In this offer, the hotel says its accommodation rooms have been brought at only UGX79,5000 which will see a couple receiving a romantic night, and in the next day be served a delicious…
Equity Group Holdings Plc has announced a 98% growth in half year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year. Speaking while releasing the results, Equity Group Managing Director and CEO Dr James Mwangi said, “The defensive and offensive strategy adopted by the Group at the onset of the Covid-19 pandemic to…
One person has died on the spot and 16 others are nursing severe wounds from an accident in Bubanzi village, Buvuma town council. The deceased has been identified as Julius Kwanya, an employee of Buvuma Oil Palm Uganda. Kwanya and the injured who are also employees of Buvuma Oil Palm Uganda were on Saturday night…
Members of Parliament from Kyotera district have queried the criteria used to spend more than one billion Shillings under Emyooga, a presidential initiative aimed at wealth and job creation. The scheme was launched in 2019 to enhance the entrepreneurial capacity of selected enterprises and groups through sensitization, skilling and tooling as well as access to…
A teenager has drowned in River Nyamwamba in Kasese district. The Capital Times has learnt that Elias Masereka, a 17-year-old student at Kilembe secondary school drowned on Sunday while trying to repair a makeshift bridge weakened by flooding on Saturday evening and his fellows narrowly survived. Nelson Tumishiime, the Rwenzori East Police Spokesperson said that…
SERERE: At least Uganda shillings 90 Million meant for Emyooga Program in Serere District has gone to the Hands of the wrong beneficiaries. President Yoweri Kaguta Museveni in August 2019 launched Emyooga Program, a poverty eradication programme meant to transform 68% of Ugandan homesteads from subsistence farming to market-oriented production. The Finance Ministry initially allocated UGX…
Zambia’s opposition leader Hakainde Hichilema has emerged as the winner in the Aug. 12 presidential election, beating incumbent President Edgar Lungu. Electoral Commission of Zambia Chairperson Justice Esau Chulu declared the result in the early hours of Monday after full and thorough scrutiny of the votes from 155 out of 156 constituencies. The Capital Times…
Kawempe North legislator honourable Ssegirinya Muhammad has yet again come up with another project for his constituents dubbed ‘The Bus Project’. Through his social media handles, the legislator has revealed that before the end of September, Kawempe North bus will be in place operating. He further thanked Ugandans who live in Amsterdam and it is…
The Government of Uganda through ministries of Internal Affairs and Gender, Labour and Social Development has announced the suspension of 11 external labour recruitment agencies, citing gross forgeries and other abuses such as human trafficking and extortion. The Ministry said some companies had their licences terminated after expiry and over forged documents, while others were…
