Music news
Angola Court Freezes Assets, Accounts Of Former President’s Daughter Dos Santos
The daughter of former Angolan President Jose Eduardo dos Santos has denied allegations of financial irregularities after a court froze her bank accounts, calling the claims “politically motivated.” Isabel dos Santos — nicknamed Africa’s wealthiest woman — is under investigation for alleged irregularities involving state companies including the OPEC nation’s giant state oil company Sonangol.The allegations are…
Anger In Napak As Contractor Hands Over Dry Boreholes
Napak district local government has given Sumadhura Company limited a week’s ultimatum to drill two new boreholes, or refund Shillings 48 million they received for the work. It all started after the company drilled two boreholes in the district two weeks ago, but they did not produce any water. The company drilled one of the…
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: 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…