The legal battle between dfcu Bank and the defunct Crane Bank over mortgages worth billions of shillings shows no signs of abating, this website can reveal. As case filing enters the latter stages, clients who took out mortgages with Crane Bank before it went under the central bank’s hammer find themselves condemned to a life…
By Babirye M. Babalanda Last week, President Yoweri Museveni, embarked on the second leg of his countrywide Wealth Creation tour by heading to West Nile subregion. The first leg was last month in Acholi. The President has, in every term in office, embarked on such tours. The last such tour was in 2019 when I…
Dfcu Bank has registered a decline of Shs11.9 billion in operating income, the audited financial results for the year that ended on December 31, 2022. The results indicate that the bank registered a loss of Shs4.8 billion in net interest income whereas the operating expenses grew from Shs179.6 billion to Shs299.4 billion in the last…
The Senior Presidential Advisor & Personal Assistant Office of the NRM National Chairman Kyambogo & National Coordinator, Bazzukulu Movement Hajjat Hadijah Uzeiye Namyalo has purchased 1500 kits worth Thirty Million Uganda Shillings (UGX 30,000,000) for the Kabaka Birthday Run scheduled for this Sunday, 16th April 2023. Accompanied by a group of Bazzukulu donning Jajja Tova…
The former permanent secretary and secretary to the treasury (PSST), Keith Muhakanizi, has died. Muhakanizi, who at the time of death was the permanent secretary in the Office of the Prime Minister (OPM), died in Italy Thursday evening according to a family source. The exact cause of death is yet to be established. More details…
By Hannington Mbabazi Kampala: The minister for the presidency Milly Babalanda has inaugurated a new board of Uganda Printing and Publishing Corporation (UPPC) with a strong warning to the members not to ashame the president and the ministry. “Please don’t ashame us because the president knows you and has trust in you. Go and work,”…
Nairobi: I&M Foundation has signed a KES 6.25M grant to enable over two dozen students living in informal settlements in Nairobi to learn software development. This grant is in partnership with Moringa School to support the Access Program that seeks to build a pipeline of young technology talent between 18 to 35 years of age;…
Uganda Police with sister security agencies in Bundibugyo district have kick-started a hunt for a yet-to-be-identified woman who is suspected to have stolen a newly born baby from the maternity ward at Bundibugyo main hospital, in western Uganda on Thursday morning. The baby’s mother, Ms Daphne Kabugho, 24, a resident of Ngamba One village, Ngamba…
The Minister of State for Sports, Hon. Peter Ogwang has revealed that the renovation and upgrade of the Mandela National Stadium in Namboole to international standards has been affected by delays in the release of funds. Ogwang said whereas Parliament approved the budget in the 2021/2022 financial year, the money was released late. “Parliament appropriated…
President Yoweri Kaguta Tibuhaburwa Museveni yesterday concluded his tour in the West Nile sub-region. He intensified the Parish Development Model “All people above 18 years and want to join wealth creation should join the parish SACCO. For us, we shall bring Ugx 100m each year to your SACCO and we need 100 families to benefit.…
