Guys, if you find Directors and Managers of Diamond Trust Bank (DTB) in hiding, don’t ask why, trouble is looming. A disgruntled client, City Businessman and owner of Ham Enterprises Limited Tycoon Hamis Kiggundu has dragged (DTB) to the Uganda Commercial Court after the bank illegally and fraudulently debited over 100 billion UGX from its…
The Ministry of Finance has asked the Ugandan Embassy in Beijing, China to refund money mistakenly sent to its account. Although Cabinet had direct the ministry to send $61,800, the Ministry of Finance transferred $600,000 on the request of the education ministry. Now, the Secretary to the Treasury, Mr. Keith Muhakanizi has ordered the Embassy…
The Criminal Investigations Directorate (CID) has summoned the Managing Director of Dfcu Mathias Katamba and the Kabale branch Manager Morgan Mutesasira over allegations that the duo are in connection to the theft of over She’s 70m from the customer’s deposits. According to documents this website has landed on, Ms Grace Nyakaishiki Kamuhunda petitioned the director…
The European Union (EU) has banned its officials from travelling over the outbreak of coronavirus that has hit several countries mostly in Asia and Europe. The EU decision comes when Uganda is hosting the first Uganda EU business forum (March 9 to March 10). Officials from the union say the decision was taken as a…
Rwandan President Paul Kagame recently dropped seasoned Ugandan journalist Andrew Mwenda from his list of advisors. Andrew Mwenda who was appointed to the 23-man Presidential Advisory Committee (PAC) in 2011 during one of their annual meetings in NewYork, USA, was dropped over ‘diplomatic reasons’ in the changes by President Kagame that saw six new faces…
If on Monday you meet some agents working on behalf of troubled Dfcu Bank Kabale branch looking for small office space to rent and run their errands, wonder not. Because the hunt is on… and they say when you see monkeys running out of a forest, you will only be a wiseacre to enter the…
Former Deputy Governor Bank of Uganda Dr. Louis Kasekende is in hot soup following the whistleblower petitioning the Inspector General of Government (IGG) with evidence that he has more property than he declared to the IGG. Thecapitaltimes has landed on a document received by the Inspectorate titled confidential notes, corruption against former Deputy Governor Louis…
Fort Portal Municipality MP Alex Ruhunda Akiiki has expressed his disappointments and irregularities in how he lost his MTN dealership, millions of cash, reputation, properties to commercial banks, plus sinking his firm in some parts of western Uganda to controversial veteran journalist cum CEO of the Independent Magazine Andrew Mujuni Mwenda and his sister who…
His Excellency, Slaiman Arabiat, Ambassador of Hasmite Kingdom of Jordan to East Africa has reached out to the Speaker of Parliament, Rebecca Kadaga to establish a bilateral relationships between Jordan and Uganda. The Ambassador paid a courtesy call on the Speaker at Friday, 28 February 2020 was on his maiden visit Uganda aimed at fostering…
The Bill and Melinda Gates Foundation has donated $10m (£7.7m) to help fight locusts in the East African region. The contribution will be given to the UN’s Food and Agriculture Organisation (FAO) that appealed for funds to fight the locust invasion that is threatening food security. FAO Director-General QU Dongyu has thanked the foundation…
