Business News
Court Issues Warrant Of Arrest Against Somali President Hassan Sheikh Mohamud
A judge in Somalia’s Jubaland State has issued an arrest warrant for President Hassan Sheikh Mohamud, citing a series of grave charges including human rights abuses, corruption, and alleged ties to the Al-Shabaab terrorist organization. The warrant, signed by Dr. Muse Osman Gedi, a judge in Kismayo, follows a case filed by the Attorney General…
Forensic Evidence Bill To Regulate DNA Use To Enhance Criminal Justice-HamsonObua
The Ugandan government has introduced a new piece of legislation aimed at modernizing and regulating the use of forensic science in criminal investigations. The Forensic Evidence Bill, 2024, presented by Government Chief Whip Hon. Denis Hamson Obua, seeks to establish a framework for better management and oversight of forensic practices, with a particular focus on…
In Hot Soup: Ex-Kyengera Mayor Kiyimba Ordered To Compensate 150M To Torture Victims
The High Court in Kampala has directed Hajji Abdul Kiyimba, the former mayor of Kyengera Town Council, along with the town council, to compensate 20 individuals who suffered torture during the 2020 Covid-19 lockdown. Justice Douglas Singiza ruled that each victim should receive UGX 7.5 million, with the amount covering both general and exemplary damages,…
Amb.Barbara Nekesa: A Visionary Leader Driving Uganda’s Growth Agenda
Hon. Barbara Nekesa Lumolo, the National Treasurer of the National Resistance Movement (NRM), has been acknowledged as a trailblazer in Uganda’s development efforts. Honored by Public Opinions as one of the 74 Uganda Development Champions, her recognition highlights her pivotal role in advancing Uganda’s Vision 2040 and the United Nations Sustainable Development Goals (SDGs). Uganda…
Deputy Speaker Tasks Govt on Boosting Tourism Sector Funding
Deputy Speaker Thomas Tayebwa has criticized the Ugandan government for neglecting the tourism sector despite its significant contribution to the country’s foreign exchange earnings. Speaking at the Ekkula Sustainable Tourism Awards 2024 in Kampala, Tayebwa expressed frustration over the sector’s underfunding, calling it a missed opportunity for economic transformation. “Tourism remains one of our top…
Business
ANALYSIS: Did Kasekende’s Uncontrolled Desire To Replace Mutebile Lead To His Own Downfall? What Really Went Wrong?
How did Dr. Louis Kasekende, a man who was well on track to become a Governor end up spending the last 3 years of his 33-year career making headlines for all the wrong reasons? Law No. 1 of 48 laws of power: Never outshine the master! Make your masters appear more brilliant than they are and…
ANDREW MWENDA: BoU Should Concede Crane Bank Legal Battle, Negotiate With Tycoon Sudhir
City talkative Journalist Andrew Mujuni Mwenda has advised the frustrated Bank of Uganda (BoU) to concede in the four-year old legal battle with city tycoon Sudhir Ruparelia and his Meera Investments Ltd following the latest Supreme Court ruling that quashed the central bank bid to liquidate the defunct Crane Bank Ltd. This comes after an…
Andrew Mwenda: Impunity And Corruption At Bank Of Uganda
By Andrew M. Mwenda Last week, Bank of Uganda (BOU) issued a press statement in which it promised to appeal a ruling by the Court of Appeal in a case against businessman Sudhir Ruparelia over Crane Bank. Yet the statement did not deal with the reason why the court rejected all the grounds of appeal…
ANDREW MWENDA: Sale Of Crane Bank To DFCU Will Go Down In History As The Most Fraudulent Transaction By BoU
On February 11, businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The central bank closed Crane Bank in October 2016 claiming it was undercapitalised. The latest ruling is a culmination of a running battle between the central bank and Sudhir for four…
ANDREW MWENDA: Why Gov’t Decision On Speke Munyonyo Convention Centre Has Been The Best
Recently, I had a debate with some Ugandan friends on the decision of the government to build an international convention center in Munyonyo in partnership with Sudhir Ruparelia. Uganda will host the Non-Aligned Movement (NAM) summit in January 2024. So far, 88 heads of state and government have confirmed attendance. The country already has an…
Angry Gulu City Residents Petition UMEME Over Inconsistent Regional Power Supply
Residents of Gulu City have petitioned the electricity distributor UMEME over the inconsistent and inadequate power supply. The petition signed by more than 400 people was on Tuesday handed over to the Resident City Commissioner Nsubuga Bwayo and Doreen Ogenga the UMEME Manager for Gulu Region Area. Other copies were handed over to the…