Daily Archives: August 1, 2022

Cannabis & Money: An Inside Look At How Other African Countries Are Happily Minting Trillions From The Multi-Dollar Business That Sleepy Uganda Has Failed To Legalize

A growing number of countries in Africa are looking to cannabis as the ticket out of poverty, and foreign investment for this sector has flooded in. Voices in the global industry are increasingly anticipating a cannabis boom on the continent. There are now seven legal producers in Africa. South Africa, one of the continent’s economic…

MS MARGARET KAGGWA KASULE UNDER FIRE: Here Is Why Bank of Uganda Legal Boss Must Be Held Responsible For The Court Gamble

The landmark victory for billionaire Sudhir Ruparelia against Bank of Uganda in the battle for the ‘Crane Bank’ was expected. The ruling however left many asking who was advising the Bank of Uganda on legal matters. This follows the assessment of several accountability and legal agencies in the country including the Auditor General’s office and…

Deep Trouble: Equity Bank Bosses At It Again As CEO Mwangi Secures Court Order To Escape Arrest

Equity Bank chief executive officer James Mwangi has secured a court order blocking his possible investigation or arrest over a disputed multi-billion shilling property in the high-end Muthaiga estate in Nairobi. Mwangi, who has served Equity Bank for 32 years, faces arrest over allegations that he fraudulently grabbed a multibillion property in Muthaiga, a plush…

‘It Was Very Gruesome’- 20 Students Injured In Rival School Clashes

At least 20 students are nursing injuries following clashes between students of Daystar secondary school and Nyarilo secondary school in North division, Koboko municipality. The clashes which occurred on Saturday night, also left the deputy headteacher of Nyarilo secondary school, Yahaya Atibuni nursing injuries. The students vandalized the perimeter wall fences, classrooms, and dormitory windows…

Museveni Appoints Sandor Walusimbi New Spokesperson As Nabusayi Quits State House

President Museveni has appointed Sandor Walusimbi as his new senior press secretary. He replaces Lindah Nabusayi who has been retired. Walusimbi has been the head of communication at State House Anti-corruption Unit was appointed on Sunday, July 31. Nabusayi replaced Don Wanyama after he was appointed the managing director/chief executive officer, Vision Group, Uganda. Lindah…