When Dfcu controversially bought Crane Bank Limited (CBL) in January 2017, it immediately became one of the most profitable banks in Uganda as the former owners of CBL cried for the loss of their bank. Dfcu’s Crane bank acquisition boosted its profitability in 2017 with net profit nearly tripling to Shs127 billion, up from Shs46.…
The Deputy Speaker of Parliament, Thomas Tayebwa has cautioned Accounting Officers of government Ministries, Departments and Agencies (MDAs) against acts of securing higher budgets than what the Finance Ministry allocates for projects by promising to give out kickbacks to legislators sitting on relevant committees. Tayebwa made remarks on Friday July, 8, 2022 at Hotel Africana…
The Vice Chancellor of Victoria University Dr Lawrence Muganga and the University senior management team have today met the Speaker of Parliament Anita Among to discuss possible ways of improving Uganda’s education sector. Dr Muganga was accompanied by his Deputy Vice Chancellor Prof. Augustine Osamor Ifelebuegu, the University’s Head of Marketing Mr.Businge Conan Daniel and…
The Permanent Secretary for Ministry of Finance, Planning and Economic Development Ramadhan Ggoobi has kicked out of offices 110 Local Government Accounting Officers for ‘disobeying his commands.’ Ggoobi announced the above action in his letter dated 7th July 2022 stating that following approval of the Budget for FY2022/23 by Parliament, the Ministry uploaded the Approved…
