Block 8
Sri Lankan President, PM Agree To Quit After Protesters Storm President’s Residence
Sri Lanka’s president and prime minister agreed to resign Saturday after the country’s most chaotic day in months of political turmoil, with protesters storming both officials’ homes and setting fire to one of the buildings in a rage over the nation’s severe economic crisis. Prime Minister Ranil Wickremesinghe said he will leave office once a new…
Nine Dead, Five Injured In Luwero Road Accident
Eight women and one man have died while five other people sustained serious injuries in a fatal road crash at Sinalya village in Bombo town council, about 38 kilometers into Luweero district along the Kampala-Gulu highway. The crash occurred after two vehicles collided at around 3pm on Saturday afternoon. It involved a commuter taxi, a…
Big-hearted Mogul Sudhir Ruparelia Donates Sh20m, Ambulance To Nsambya & Nsangi Rotary Clubs
Uganda’s richest man, Dr. Sudhir Ruparelia through his giving arm ‘The Ruparelia Foundation’ on Sunday, July 10th donated Shs10 million and a new ambulance worth millions to the Rotary Club of Nsangi towards the construction of a hospital. Sudhir, also the chairman of Ruparelia Group and an Honorary Member of the Rotary Club of Muyenga…
Over 400 Families Face Forceful Eviction In Hoima
More than 400 residents in Hoima are on the verge of being forcefully evicted from their ancestral land. The affected residents are from the village of Ngobye in Buraru parish, Buraru sub county. They are feuding with Neko Isingoma, a prominent businessman in Hoima town over a piece of land measuring approximately 100 acres in…
We Prioritize Co-curricular Activities Because It’s Part Of Learning – Kampala Parents School
Kampala Parents School continues to shine among the best schools in Uganda through its mission of leading in providing world-class education, inspiring and equipping students to be life long learners, to reach their full potential and be responsible global citizens active in shaping the future. The school now says that it sets co-curricular activities a priority…
DAVID MAFABI: Embattled BoU Officials Who Closed & Fraudulently Sold Crane Bank Should Account Individually
The Supreme Court decision directing that Crane Bank Ltd be reverted to its owners has raised a lot of mixed feelings, for it comes with a legal and cost implication which in one way or another will affect the ordinary Ugandan. The costs associated with the case will naturally be forked from the consolidated fund…
Tycoon Sudhir Family Showers Muslim Community With Eid Blessings
Uganda’s richest man Dr. Sudhir Ruparelia and family has joined millions of Ugandans to wish a marvelous Eid al-Adha celebrations for the Muslim fraternity that is celebrated today. Through his social handles, Sudhir on behalf of his family shared, ”Wishing all of you a blessed Eid al-Adha From – Dr Sudhir & Jyotsna Ruparelia, Rajiv, Naiya…
Richest Men In Uganda 2022 – Top 10 List You Should Know
The last two years have disrupted many things including the wealth of the rich class. The 2022 wealthy list favours those who invested in technology, real estate, health, food, logistics etc. Uganda’s new list of the wealthiest, according to sources, has also changed tremendously with big names such as Patrick Bitature, Charles Mbire, among others,…
Explosive! Defunct Crane Bank Ghost Haunts Troubled Dfcu Again As 2021 Provisions Continue To Eat Away Shareholder Value
When Dfcu controversially bought Crane Bank Limited (CBL) in January 2017, it immediately became one of the most profitable banks in Uganda as the former owners of CBL cried for the loss of their bank. Dfcu’s Crane bank acquisition boosted its profitability in 2017 with net profit nearly tripling to Shs127 billion, up from Shs46.…
Deputy Speaker Tayebwa Warns Accounting Officers Against Bribing MPs To Increase Project Funds
The Deputy Speaker of Parliament, Thomas Tayebwa has cautioned Accounting Officers of government Ministries, Departments and Agencies (MDAs) against acts of securing higher budgets than what the Finance Ministry allocates for projects by promising to give out kickbacks to legislators sitting on relevant committees. Tayebwa made remarks on Friday July, 8, 2022 at Hotel Africana…