Supreme Court set to hear arguments on activists’ bid to recover UGX 169 Billion from four commercial banks “The Constitutional Court failed in its duty to provide an effective remedy which, in our view, would comprise a refund of taxpayers’ money by the foreign banks, interest, damages and costs,” said advocate Isaac Ssemakadde, who is…
Former Simbamanyo House owner Peter Kamya is in more trouble after move evidence reveal that he kept on collecting rent from the Ministry of Gender, Labour and Social Development despite mortgaging the building to Equity Bank when acquiring a loan. In August 2012, Equity Bank Uganda and Equity Bank Kenya extended a loan worth $10…
I like her. A free spirit who takes each day as it comes and lives by the moment. So confident of herself she lives by the ‘take it or leave it’ principle. She never asks to be loved, admired or appreciated – she loves herself enough not to worry about who else loves or believes…
Sports activities spice up a guest’s stay at a hotel as there are more engaging and provide a platform for networking. It is even more fun if the sports facilities are at an international level and competitive. In Kampala, the capital of Uganda, Kabira Country Club has cut a niche as the hotel with the…
Bank of Uganda has defended the decision by Equity Bank to auction Simbamanyo House and Afrique Suits saying the transaction was done under the law. BoU says Simbamanyo and Mr. Kamya failed to respect their loan obligation when they (Kamya) failed to payback the loan as agreed by parties as he continued receiving money from…
Dolphin Suites, a luxury hotel located on Princess Anne Drive, Plot 36 Bugolobi, Kampala, has opened its fitness center following government’s allowance of the reopening of gyms, saunas, massage parlours and general wellness centres in the country. These have been banned from operating due to COVID19 pandemic. But now with a commitment that they will…
Belgium will deliver 153,900 vaccines to Uganda. These vaccines will contribute to stepping up the vaccination campaign for teachers and reopening schools to more than 10 million pupils and students. With this, Belgium is responding to the Ugandan government’s request to receive COVID-19 vaccines. On August 2, government addressed an official request for assistance from…
In a letter which was recently circulated to its employees ,Africell Uganda said it was ceasing operations on 7 October, although staff employment will end on 30 November. The letter to its staff says that Africell will no longer accept new customers. The remaining period will allow existing customers to migrate to other networks. A…
Information reaching our desk reveals that former Director General of the Internal Security Organisation (ISO) Col. Frank Kaka Bagyenda could be under house arrest. According to our sources within the security revealed that Col Kaka Bagyenda was placed under house arrest after a thorough search was carried at his home last night (on Wednesday), although…
The recent mishap in the on-line Banking software have raised more questions than answers regarding the true ownership of the banking software. The banks especially Stanbic and dfcu experienced issues in the agency/mobile banking whereby those who had taken loans using their mobile banking app and paid using the same platform found themselves maintained as…
