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Big Story: Investors Cry Foul As Minister Betti Kamya Kicks Anite Out Of Investment, Takes Over Her Roles

Several investors in Uganda are crying foul and accusing the minister for Lands, Housing and Urban Development Olive Betti Kamya of overstepping her mandate and usurping the powers of Hon. Evelyn Anite, who is the State minister of Finance for Investment and privatisation. The investors contend that instead of Kamya allowing Anite to carry out…

Big Story: Legislature Moves To Kick BoU Top Officials Out Of Juicy Positions Over ‘Dubious Sale Of Crane Bank, Seven Commercial Banks’

The Parliament of Uganda through Igara East Member of Parliament, Hon Michael Mawanda is working on a, ‘Constitution (Amendment) Bill, that seeks to, among others, remove the Governor and Deputy Governor of Bank of Uganda from being Chairperson and Vice Chairperson respectively of the Central Bank. According to Hon. Mawanda, the decision making authority is…

Big Story: London Appellate Court Orders Embattled Dfcu Bank, Its Former Managers To Cough Over UGX8.8 Billion In Costs To Crane Bank Shareholders

A London Court of Appeal has ordered dfcu Bank, its holding company, dfcu Limited, as well as dfcu Bank’s former board chairman, Jimmy Mugerwa (now dfcu Limited Chairman), Juma Kisaame and William Sekabembe, the bank’s former Managing Director and Executive Director respectively, to pay shareholders of the former Crane Bank Limited (CBL), £1,875,000 (UGX8.8 billion)…

Big Story: Museveni Fires NIRA Boss Judy, Orders Internal Affairs Min To Appoint New ED

President Yoweri Kaguta Museveni has ordered for the firing of Judy Obitre-Gama, the Executive Director of the National Identification Registration Authority (NIRA) over failing to satisfactorily issue National Identity cards. In a letter seen by this website, to Internal Affairs Minister, Gen. Jeje Odongo, President Museveni instructs the Minister to work with the NIRA Board…

Big Story: Serena Kigo In Hot Soup! Risks Losing It’s Land Title Over Illegal Trespass

Businessman Hamis Kiggundu alias Ham through Kiham Enterprises, has run to court seeking for the cancellation of a land title created on the contested Kigo land by Buganda Kingdom in favor of Pearl Development Group. The petition addressed to the commissioner land registration looks forward to seeing the contested land titles cancelled claiming that they’re…

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