Block 15
Dubious Sale Of Crane Bank Is The Terrible ‘Financial Game’ Central Bank Will Regret For Lifetime
Bank of Uganda (BoU) had a torrid 2017 as the Crane Bank saga weighed on the country’s central bank. What began as an everyday activity to supervise and regulate the banking sector when they took over and subsequently sold Crane Bank to DFCU turned out to be a big speck in the late Emmanuel Tumusime-Mutebile led…
Big Story: Bank Of Uganda Withdraws Appeal Against Sudhir In Crane Bank Saga, Accepts To Pay Costs!
The Bank of Uganda (BoU) has decided to withdraw a Supreme Court appeal that was contesting the Court of Appeal’s dismissal of the case it filed on behalf of Crane Bank Ltd (in Receivership) vs. Sudhir Ruparelia and Meera Investments Ltd. In a September 15 notice of withdrawal, the Supreme Court Registrar indicates that BoU…
One Scandal Too Many: Former CID Director AIGP Akullo Quits Uganda Police
A contract erroneously fixed in the file of Assistant Inspector General of Police-AIGP Grace Akullo, the former Director of the Criminal Investigations Directorate has led to her ejection from the Uganda Police Force-UPF. Akullo who has been serving as the Director National Central Bureau commonly known as Interpol Uganda handed over office to her deputy,…
Reshuffle: Maj.Magambo Replaces Grace Akullo As CID Boss
Commander in Chief of armed forces, President Yoweri Kaguta Museveni has appointed Maj Tom Magambo who has been in the Internal Security Organisations (ISO) as the new police Criminal Investigations Director. “President Museveni has promoted Private Tom Magambo to the rank of Major and appointed him Director Criminal Investigations of the Uganda Police Force,” the…
Public Service To Streamline Salaries Of Art Teachers By 2027
Teachers of arts subjects in secondary schools will earn the same salary as science teachers by 2027, the Ministry of Public service has said. Recently, Government announced that science teachers with degrees will start earning Shs4 million and diploma holders Shs3 million starting in July 2023 while their counterparts, the art teachers remained at shs900,000.…
Gen. Museveni Orders Allocation Of 15 Acres To Investor For Hospital Construction
President Yoweri Museveni has directed Frank Tumwebaze, the Minister for Agriculture to allocate Turkish firm Beyler Group, 15 acres of land in Entebbe for the construction of a hospital. In his June 20th letter to Tumwebaze, Museveni says the Turkish Investment Group has committed to building a modern private hospital in Uganda. “They intended to…
Foreign, Local Fish Dealers Clash Over Quality Concerns
There is a dispute between foreign and local silver fish dealers at Kiyindi landing site in Buikwe district over quality concerns. The dispute stems from a decision by the foreign traders mainly from Rwanda and the Democratic Republic of Congo-DRC to buy silver fish directly from fishermen citing the poor post-harvest handling methods employed by…
19 Terror Suspects Finally Committed To High Court For Trial
The Buganda Road Magistrates Court has committed 19 people to the High Court to face trial for terrorism. They were committed on Wednesday by Grade One Magistrate Asuman Muhumuza after the prosecution led by Patricia Cingtho informed the court that the investigations into six charges against them are complete. The suspects are mobile money operators…
NEMA, Speke Hotel Ltd Finally Agree On Measures For Sustainable Implementation Of Kitubulu Resort Project
The National Environment Management Authority (NEMA) has finally agreed with Speke Hotel (1996) Limited on measures for safeguarding the ecological integrity of Lake Victoria while implementing the Speke Resort project at Kitubulu, Katabi sub-county, Wakiso District. The approval followed the conclusion to NEMA’s satisfaction of the project design review and adjustments by the developer under…
Judiciary Unveils New Bail Guidelines
The Judiciary has unveiled new bail guidelines aimed at promoting uniformity and consistency by courts while considering bail applications. Launched by Chief Justice Alfonse Owiny-Dollo at the Judiciary headquarters on Wednesday, the new guidelines require courts to consider and dispose of bail applications expeditiously within 30 days from receipt of the application with the intention…