The Uganda National Bureau of Standards (UNBS) has confirmed that its long serving Executive Director, Eng. Dr. Ben Manyindo has retired from the standards agency with effect from 1st November, 2020. “Accordingly, Mr. David Livingstone Ebiru, the Deputy Executive Director in charge of Management and Financial Services at the Bureau has been appointed as the…
Ugandan disgruntled journalist Arnold Mukose has dragged Bank of Uganda and the Attorney General to court over the fishy appointment and confirmation of Dr. Tumubweine Twinemanzi as the Executive Director in charge of supervision at the Central Bank. In February 2018, Twinemazi was appointed by Governor Emmanuel Mutebile to replace troubled Justine Bagyenda as the…
Business man Hamis Kiggundu of Ham Enterprises Limited has petitioned the Judicial Services Commission (JSC) calling for thorough investigation of Principal Judge, Dr. Flavian Zeija. Ham further wants the commission to investigate Zeija’s interests in the Ham Vs Diamond Trust Bank (DTB) case. On Monday, Dr. Flavian Zeija blocked the payment of Shs120 billion to…
The Constitutional Court has dismissed an application filed by city businessman Amos Nzeyi in which he challenged the winding up and sale of former Minister Amama Mbabazi’s National Bank of Commerce (NBC) by Bank of Uganda, which later sold it to tycoon Sudhir Ruparelia’s now defunct bank. Nzeyi, who was a shareholder in the bank…
The Principal Judge, Dr. Flavian Zeija has revealed that one of the parties in the Diamond Trust Bank vs Hamis Kiggundu Shs120bn case tried to bribe him to influence his decision. “I was flabbergasted by one of the parties sending emissaries to me with financial proposals in order to influence my decision. This is disgusting,…
The labour externalization sector is unsettled after the commissioner of labour at the Ministry of Gender, Labour and Social Development (MGLSD) Lawrence Egulu on behalf of the permanent secretary issued a job order to Saliwa Recruitment Agency Uganda Limited allowing them to export labour despite the existing ban on labour export. The letter dated 26th…
The Court of Appeal in Kampala has dismissed with costs, an application in which the proprietors of Simbamanyo Estates Ltd had sought to halt the auctioning of its prime properties in Kampala which was meant for Equity Bank Ltd to recover outstanding loans worth $10.8 million (about Shs40 billion). Justice Christopher Madrama ruled that Simbamanyo…
The Association of Real Estate Agents (AREA) has welcomed the move by government to introduce a new legislation to regulate land and property dealers in a quest to streamline all sector operations. According to AREA, the law will spell out clear terms of engagement in real estate transactions, thereby getting rid of fraud and eliminate…
Airtel Uganda has appointed Manoj Murali as its new Managing Director to replace V.G Somasekhar, who resigned at the beginning of March 2020. Manoj has been the Chief Executive Officer for Kerala & Tamilnadu Division in at India’s Bharti Airtel Limited. Somasekhar, who was supposed to leave at the end of March but was caught…
The Managing Director Air Tanzania Mr Ladislaus Matindi has said the resumption of flights after six months of closure of Entebbe International Airport due to Covid-19 will help promote investment in the region. “We continue to extend the wings of Kilimanjaro over Africa and beyond so that the investment, trade and tourism opportunities presented by…
