The Bank of Uganda has taken action to place Mercantile Credit Bank Limited under liquidation, revoked its license, and ordered the winding up of its affairs due to issues such as insolvency, under-capitalization and poor corporate governance. In a statement released by the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, in exercise of…
President Yoweri Kaguta Museveni, has officially renewed the contract of Brigadier Freeman Robert Mugabe as Chairperson of the General Court Martial. Brigadier Mugabe’s contract, which expired on June 9th, was renewed last Thursday, according to a letter dated June 6th, 2024. The renewal comes after a period of inactivity at the Court Martial, as the…
Her Excellency Kate Airey, the British High Commissioner to Uganda, has said the Ugandan theatre industry should be supported and developed to be an integral part of the social economic development programs of the nation. The British High Commissioner made these remarks today while meeting Aganza Kisaka the CEO of Yenze Theatre Conservatoire, in Kampala.…
The Chief of Defence Forces (CDF), Gen Muhoozi Kainerugaba, has welcomed the new Italian Ambassador to Uganda, His Excellency Mauro Massoni, and the two affirmed their commitment to strengthening bilateral relations between the two countries. In a statement by the UPDF Deputy Defence Public Information Officer (DDPIO), Col Deo Akiiki, the meeting between the two…
Mukiza insists this was a justified pay only to be interpreted by Minister Anite in her own way. In a statement to UIA Board dated June 14, 2024, Mukiza explained that upon termination of the owner’s engineer (OE) on August 29, 2022, additional responsibilities were assigned to the project management team (PMT) assisted by some…
The commander in chief of armed forces General Yoweri Kaguta Museveni has appointed Brig. Asaph Nyakikuru Mweteise, deputy commander of the Special Forces Command. Nyakikuru, who was two months ago promoted from the rank of Colonel to Brigadier, will take over from Brig. Charity Bainababo. Brig. Bainababo was recently sent to the National Defence College…
The Anti Corruption Chief Magistrate Joan Aciro has committed the three Members of Parliament (MPs) accused of corruption in a multi-billion budget scandal to the High Court for trial after the Director of Public Prosecutions (DPP) said police had concluded their investigations into the case. The trio, identified as Bunyole East MP, Yusuf Mutembuli, Paul…
Moroto, Uganda — Police in Moroto district have successfully recovered a gun belonging to the Uganda People’s Defence Forces (UPDF) from a Karamojong warrior in Nadunget Town Council. The recovery took place on Friday around 9:00 PM, following a tip-off from the local village chairperson. John Angella, the Local Council (LC1) chairperson of Nachuka village,…
East Africa’s finance ministers on Thursday tabled a raft of measures for expanded expenditure plans for the 2024/2025 fiscal year with a keen eye on debt repayment and reliance on domestic revenues to run government operations. These measures effectively set the stage for increased taxation, which will potentially choke economic growth in the region. East…
The Southern African Development Community (SADC) troops in eastern Democratic Republic of Congo have, unlike their East African predecessors, been involved in armed combat against the M23 rebels, making peaceful negotiations a distant reality. The East African Community Countries (EACRF), whose mandate ended in December 2023, had sought to buffer the frontlines to encourage dialogue.…
