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Heartless Athlete Cheptegei’s Boyfriend Dickson Ndiema Passes On
Ugandan athlete Rebecca Cheptegei’s ex-boyfriend dies following a violent incident that also led to her own tragic death. Ugandan athlete Rebecca Cheptegei is mourning yet another tragic loss as her ex-boyfriend, Dickson Ndiema, has passed away in a Kenyan hospital. This comes shortly after Cheptegei herself succumbed to injuries from a brutal assault that shook…
MPs Grill Minister Kabanda,Kisaka Over KCCA’s Mukono Landfill Dispute
The leadership of Kampala Capital City Authority (KCCA) has said the 135 acres of land in Ddundu Parish, Mukono District earmarked for waste management, is currently undergoing preparatory works for the development of a waste-to-energy facility. According to the KCCA Executive Director, Dorothy Kisaka, pre-feasibility studies like technical surveys, and soil and groundwater tests to…
Minister Sarah Mateke Passes On
The State minister for Defense hon. Sarah Mateke Nyirabashitsi has died of suspected cardiac arrest, although further details surrounding her death are yet to be disclosed. Born on July 15, 1974, in Chahi subcounty, Kisoro District, Mateke was a trailblazer in every sense of the word. She was a devoted politician, educationist, and philanthropist who…
Nsambya Hospital Doctor Grilled Over Bobi Wine’s Medical Report
A medical doctor at Nsambya Hospital has been suspended after he allegedly forged a medical report confirming that Robert Kyagulanyi Ssentamu, aka Bobi Wine, had been shot in the leg. The senior medical officer reportedly received Shs5 million from Bobi Wine’s group to secure a detailed medical report claiming he had sustained injuries from the…
CDF Gen.Kainerugaba,Belgium Ambassador Chantry Discuss Security Relations
Uganda and Belgium have reaffirmed their commitment to cooperation and collaboration. This follows a meeting between Gen Muhoozi Kainerugaba, Chief of Defence Forces (CDF) and Senior Presidential Adviser for Special Operations, and H.E. Hugues Chantry, Ambassador of Belgium to Uganda, which took place at the Special Forces Headquarters in Entebbe. The discussion focused on regional…
Business
BoU Confirms: Former Treasury Boss ‘Kasedde’ Was Arrested Over Theft
The Central Bank has confirmed that Dr. Charles Kasedde a former head of treasury at Bank of Uganda Mbale was fired due to theft. The confirmation comes a day after our Story reporting of how Kasedde was arrested and is being probed by the Directorate of Criminal Investigation and Crime Intelligence (CID) Kireka. As noted…
BoU In Great Panic As Court Quashes Law Sections Binding It From Being Sued Directly
In a landmark ruling by the Constitutional Court, Bank of Uganda and it’s employees have lost immunity against legal proceedings and it can now be sued. Previously, BoU was protected by Sections 118 and 124 of the Financial Institutions Act which stated that; “No suit or other legal proceedings shall lie against the Central Bank…
BoU Issues Guidelines On Covid-19 Crisis, Warns Banks Against Levying Extra Fees
The Bank of Uganda (BoU) has warned financial institutions against levying extra charges or fees when restructuring loans for borrowers as the country grapples with the coronavirus pandemic. In the guidelines issued by the acting Deputy Governor, Dr Adam Mugume, on Tuesday, April 14, the banks must also desist from demanding that some borrowers clear…
BoU Loses Billions In Foreign Investments
BoU earns most of its income from investing the bulk of Uganda’s foreign exchange reserves in the said bonds, a practice referred to as investment in fixed income assets. Central banks, experts say, use sale of bonds as a tool to increase bank reserves and lower interest rates. When they buy bonds, money flows from…
BoU Must Return Sudhir’s Crane Bank, Pay Dispute Costs – Supreme Court Rules
The Supreme Court in Kampala has ordered Bank of Uganda (BoU) to pay dispute costs after losing yet again in the aftermath of the closure and liquidation of Crane Bank Ltd, owned by businessman Sudhir Ruparelia. In a ruling delivered on Friday, July 1, a panel of three judges led by Justice Prof. Lillian Tibatemwa-Ekirikubinza…
BoU Painfully Coughs Remaining Tittles Of Defunct Banks As Investigations Bite
The Central Bank of Uganda has finally given up asked owners of the unclaimed certificates of land titles of former defunct banks to apply and reclaim them. The unclaimed certificates of over 21 land titles were advertised on Wednesday August 5, 20220 by BoU after very many others were allegedly stolen by bank officials or…