Daily Archives: August 1, 2023

OP-ED: Addressing Neo-Colonialism: African Leaders Must Unite For a Prosperous and Self-Sufficient Africa

During the concluded African-Russian summit, many African leaders spoke ill of neo-colonialists – the West, accusing them of having an appetite for controlling them. Some praised Russia for being there for them during colonialism and post-colonialism. They appealed to Russia to support them in achieving their economic agenda, adding value to their raw materials, etc.…

Big Story: London Appellate Court Orders Embattled Dfcu Bank, Its Former Managers To Cough Over UGX8.8 Billion In Costs To Crane Bank Shareholders

A London Court of Appeal has ordered dfcu Bank, its holding company, dfcu Limited, as well as dfcu Bank’s former board chairman, Jimmy Mugerwa (now dfcu Limited Chairman), Juma Kisaame and William Sekabembe, the bank’s former Managing Director and Executive Director respectively, to pay shareholders of the former Crane Bank Limited (CBL), £1,875,000 (UGX8.8 billion)…