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Crane Bank Shareholders On Cloud9 Again Over UK Court Ruling, Vow To Milk Billions From DFCU Bank Over ‘Fraudulent’ Takeover, Disturbing Their Peace!

Crane Bank and its shareholders are on cloud nine following a Wednesday ruling where the Court of Appeal from the High Court of Justice, Business and Property Courts in England, overturned the lower court’s decision, which had exonerated DFCU bank and its shareholders from accusations of fraudulently taking over Crane Bank. In a statement inked…

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)…

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.…

Refugee Hosting Communities To Get Internet Connections

Refugee hosting districts around the country will soon be connected to high speed internet under the Uganda Digital Acceleration Project (UDAP-GOVNET). According to Dr. Hatwib Mugasa, the Executive Director of the National Information Technology Authority (NITA-Uganda), the move aims at promoting digital inclusion in the 12 districts hosting refugees. “We shall deploy 80 mobile broadband…

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