Block 8
Justice Mubiru On Spot For Shielding Centenary Bank In Shs50M Fraud Case
The head of the High Court Commercial Division Justice Stephen Mubiru literally threw under the bus a bank client one Aida Atiku when he absolved Centenary Bank of any liability of fraud occasioned to Ms. Atiku’s account. On July 18th 2022 making a ruling in a case in which Aida Atiku had sued Centenary Bank…
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…
From Grade III & V straight to Bachelors: Victoria University Unveils Upgrade Package For Teachers
Victoria University Kampala, East Africa’s pioneering provider of experiential & authentic learning and the leading technologically-enabled university in Uganda has yet again unveiled a special package targeting teachers who want to upgrade their education levels. This new offer targets teachers from Grade III to V to enroll for the Bachelor Programs the university offers without…
End Of Era! Dfcu Sinks As Major Shareholders Quit Troubled Bank
Commonwealth Development Corporation (CDC) Group, the United Kingdom’s development finance institution recently announced its decision to sell its remaining 9.97% stake in the troubled dfcu bank. The shareholding was sold to IFU, the Danish development finance institution. CDC made its first investment in DFCU in 1964 as a founding partner to the bank and has…
Here Is Why Government Should Punish Ex BoU Officials Over Irregular Closure of Crane Bank, Other Six Commercial Banks
The government of Uganda has not yet taken punitive action against Bank of Uganda (BoU) officials for the closure of seven commercial banks three years after the recommendation was made by Parliament. In 2019, Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE recommended that senior BoU officials be individually held responsible for the…
Delhi Public School International Excels In This Year’s CBSE Board Examinations
Ruparelia Group’s Delhi Public School International has performed excellently according to results released by the Central Board of Secondary Education (CBSE). According this year’s results, Delh toi public School International excelled with a 100% percentage pass with a 78% school average score and all the 46 candidates excelled with high scores between 60%-90% and above.…
Over 1,600 New Voters Registered Ahead Of Soroti East By-election
The Electoral Commission has registered an additional 1,679 voters for the Soroti East by-election. In the 2021 general elections, Soroti City East Division had 34,784 registered voters, but the number has now increased to 36,481 voters. During the update of the National Voters’ Register that was conducted between June 10-14, 2022, the commission recorded other…
Gov’t Earmarks UGX 300M For Installing X-Ray Machine At Buliisa Hospital
The government has through the Ministry of Health earmarked Shillings 300million for the installation of a brand new digital X-ray machine at Buliisa general hospital. The digital X-ray machine has been lying idle for two years since it was procured by the Health Ministry owing to the district’s failure to secure money for its complete…
EUI-UCFR Launches Report On Migration Governance & Migration Diplomacy In Uganda
African Union (AU), Intergovernmental Authority on Development (IAD), East African Community (EAC) and European University Institute (EUI) alumni has launched a Migration Governance and Migration Diplomacy – an Agenda for a Migrant-Centred approach written by Dr Grace Edward Galabuzi of Makerere Institute of Social Research that provides a comprehensive review and a list of recommendations…
Breaking: Museveni Appoints DP’s Nobert Mao New Justice Minister
President Museveni has appointed the Democratic Party’s President Nobert Mao as the new Minister of Justice and Constitutional Affairs. He replaces the Minister of Public Service Muruli Mukasa who has been serving in the acting capacity. The appointment comes a day after Mao together with a delegation from DP met with ruling National Resistance Movement…