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…
Victoria University Kampala, Uganda’s leading transformational university has announced another mega opportunity to enable ‘financially struggling’ Ugandans to further their education. Dubbed post covid-19 district bursaries, potential applicants can now get the opportunity to study at Uganda’s leading private university by simply the following steps; Submit your academic papers Pay UGX210,000 to Victoria University a/c.…
The Electricity Regulatory Authority (ERA) has pledged continued support to the Uganda Electricity Transmission Company Limited (UETCL) . This happened on Tuesday, July 5, 2022 when the Electricity Regulatory Authority (ERA) hosted the newly inaugurated board of UETCL on a courtesy visit at ERA House, Plot 5C-1 Third Street Lugogo, Kampala. The Minister of Energy…
Speke Apartments Kitante, a luxurious apartment in Kampala has in a move to treat its clients to a blissful stay unveiled a special “Home away from Home” crazy package offer that will let its clients discover a world that mirrors them to a sophisticated lifestyle. According to Speke Apartments Kitante Management, to stay in the…
Another massive raid led by the State House Anti-Corruption Unit in liaison with Uganda Police and ISO Anti-Corruption has netted some of the masterminds of the illegal sale of schools land – Spire Road Primary School and Lake Site Primary School all located within Jinja City. The racket in the Jinja City administration that was…
The State House Anti-Corruption Unit working in liaison with the Uganda Police detectives and the ISO Anti-Corruption unit has arrested a number of District officers after an intelligence operation that discovered racket run by the District Chief Finance Officer – Mr. Mutume Godfrey and the Principal Human Resources Officer – Ms. Rebecca Kwagala who are…
“Uganda is following the events in Sudan with keen interest, especially the process of the tripartite framework. Uganda will support whatever the people of Sudan want during the tripartite process of negotiations,” Ambassador Dr. Rashid Yahya Ssemuddu told Gen. Abdel Fattah Al Burhan, President of the Transitional Sovereignty Council of the Republic of Sudan. The…
