Block 7
ANDREW MWENDA: Sale Of Crane Bank To DFCU Will Go Down In History As The Most Fraudulent Transaction By BoU
On February 11, businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The central bank closed Crane Bank in October 2016 claiming it was undercapitalised. The latest ruling is a culmination of a running battle between the central bank and Sudhir for four…
UGEFA: Green Businesses Given Last Chance To Grow & Transform Economy With EU Funded Accelerator
The EU-funded Uganda Green Enterprise Finance Accelerator (UGEFA), which provides sustainable Ugandan enterprises with support to scale and contribute to a green and inclusive economy, has today announced that it is accepting applications for its fourth and final cohort to join its programme. UGEFA is seeking high-potential small and medium-sized enterprises looking for debt finance to…
Electricity Players Back Proposal To Fine Power Thieves UGX 400M
Energy Generators and Distributors Association of Uganda have asked Parliament to approve the proposal by Government to fine people who indulge in illegal power connections Shs400M or have culprits jailed for 10years in order to curb rampant illegal electricity connections. The Association made the plea while appearing before Parliament’s Environment and Natural Resources Committee that…
Axed Dr. Baterana Petitions Court To Quash State House Health Monitoring Unit Report On Mulago
The interdicted Executive Director of Mulago National Referral Hospital Dr. Baterana Byarugaba, wants court to throw out the evidence and charges brought against him by the State House Health Monitoring Unit on the basis of lack of jurisdiction. This comes after the hospital director was this week charged with embezzlement, fraudulent accounting, abuse of office,…
Three Remanded Over Theft Of Gov’t Drugs Worth UGX 21 Billion
The Makindye Magistrates Court has remanded three people including employees of Joint Medical Stores on charges related to theft of government drugs worth 21 billion Shillings. The three are: Jane Frances Oling, the Executive Director Women in Development, a community based organization, and two employees of Joint Medical Stores – JMS, Ivan Luswata, a customs…
Human Rights Lawyer Ssemakadde Asks Court To Halt Trial For Lack Of Jurisdiction
Award-winning Human Rights Lawyer Isaac Ssemakadde has asked Buganda Road Magistrates Court to halt hearing of the case in which he was summoned to be charged with offensive communication until the determination of an application where he is challenging the legality of the proceedings. Ssemakadde was summoned to appear before court presided over by Grade…
Private Prosecutor,Judge Ssekaana Conniving Against Me-Ssemakadde Tells Court
Before the hearing of the case in which a private prosecutor accuses award-winning public interest lawyer Isaac Ssemakadde of insulting High Court Judge Musa Ssekaana on Twitter, the accused lawyer has filed a separate application charging the private prosecutor and Judge Ssekaana of conniving to oppress him. Rutaro Robert Muhairwe, a lawyer with Elgon Advocates,…
NSSF To Spend UGX 50 Billion Each Week For Mid-term Access
The National Social Security Fund (NSSF) will pay 50 Billion Shillings every week for the first five months to beneficiaries of the midterm access. This was revealed on Thursday by Betty Amongi, the Minister for Gender, Labor, and Social Development while announcing the guidelines, regulations, and processes of receiving their payments. According to Amongi, since…
Axed Mulago Hospital ED Charged With Embezzlement, Abuse Of Office
Police have preferred charges of fraudulent accounting, abuse of office, embezzlement and causing financial loss to the government against Dr. Baterana Byarugaba, the executive director of Mulago National Referral Hospital. According to the State House Health Monitoring Unit, the above crimes were committed in the last four years and cost the government over 28 billion…
UCC, Private Sector Partner Against Fake Phones
The government of Uganda has partnered with the private sector and civil society to prepare the public ahead of the planned blocking of counterfeit mobile phones and other communication gadgets from the market. After failed attempts to rid the market of sub-standard and counterfeit phones for more than a decade, the government through the Uganda…