The Speaker Of Parliament, Rt. Hon. Rebecca Kadaga has petitioned the Finance Minister Matia Kasaija to explain why the Ministry is keeping silent and taking long to appoint a new deputy Bank Of Uganda (BoU) Governor following the departure of Dr. Louis Kasekende. Furious Kadaga has called upon Mr. Kasaija to appear before Parliament on…
It has emerged that Dfcu bank shareholders plan to approach President Yoweri Museveni on their fact-finding travel to Uganda causing panic to DFCU Top Management. According to an insider, the meeting with President Museveni will trigger an investigation into DFCU troubles that are believed to have caused millions of losses to the Bank. DFCU in…
Uganda has started to spray swarms of desert locusts that invaded over the weekend, posing a major threat to livestock and key crops such as coffee, a government officials has confirmed. The plague of locusts has already caused extensive damage to pastures and crops and threatened food security in several countries in the east and…
The joint Business Rescue Practitioners (BRPs) of South African Airways (SAA) has announced further initiatives to support the airline’s transformation into a sustainable and profitable business. The BRPs, Les Matuson and Siviwe Dongwana, have worked closely with key stakeholders including industry specialists, government, creditors and executive management to develop a comprehensive restructuring programme which will…
Pressure arose within top Bank of Uganda officials after learning that the Speaker of Parliament, Rt. Hon. Rebecca Kadaga has given Igara East MP, Michael Mawanda only one extra month to table before Parliament the Constitution Amendment Bill seeking to introduce sweeping changes in the governance of Bank of Uganda. The Speaker told the legislator,…
High Court has dismissed with costs an interim application seeking to block the government and Uganda Revenue Authority (URA) from implementing and enforcing the Digital Tracking Systems (Tax Stamps). Justice Musa Ssekaana of Civil Division of High Court on Tuesday dismissed the application filed by Alcohol Association of Uganda and 38 companies led by Nile…
By Daily Monitor A High Court judge in Kampala has sued businessman Bob Kabonero for alleged noise pollution. In his suit filed before the High Court Civil Division, Justice Andrew Bashaija is seeking orders of a permanent injunction against the businessman, his bar and restaurant Ponsiano Kwizera trading as Green Lounge for continuously causing excessive…
The Dfcu Bank was on Monday February, 3, 2018 thrown out of Meera Investment Limited Properties – starting with Crane Chambers at Kampala Road something which has made many of it’s clients run to withdraw their money due to fear of what would come next. Trucks carrying dfcu bank belongings including chairs, teller tables among…
Parliament has approved a request by government to borrow Euros 20.6 million (equivalent to Shs83.6 billion) for the implementation of the airborne geophysical survey and geological mapping of Karamoja. The loan will be secured from the Corporate Internationalization Fund of Spain. Presenting the committee report to Parliament sitting on 30 January 2020, the Chairperson of…
The Speaker of Parliament, Rebecca Kadaga has met a group of Indian Investors based in the UK, and interested them in establishing industrial parks in the country. She said that government’s plan is to establish 13 Industrial parks, but so far, only three are under construction in Mbale, Namanve and Kapeka. “There are another eight…
