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What Next For Sudhir & Staggering BoU, Two Months after Landmark Ruling in Crane Bank case

The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of the decision on the national Treasury and on Ugandans generally, while…

What AG Legal Opinion Means For COSASE Report On Departed Asian Assets

Attorney General Kiryowa Kiwanuka yesterday revealed that the recommendations contained in the Parliament’s Commissions, Statutory Authorities and State Enterprises (Cosase) report, regarding management of the properties of the departed Asians, cannot be implemented under the current law. “It was very clear, the recommendations by Cosase that they were asking us to do; were not tenable…

We’re Not Your Snoring Zone: Kenya Auctions 2 Somalis’ Aircrafts & 71 Others For Overstaying At Kenyatta Airport

East Africa’s Kenya has announced via its Airports Authority that it will auction 73 aircraft for prices as low as $44.93 due to overstaying at four of its airports which according to them-owners have snored enough. According to an advert released by Kenya Airports Authority (KAA) they have already invited interested bidders for planes that…

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