Block 7

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)…

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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