Breaking News
Go & Enjoy Yourselves This Weekend! Kabira Country Club Slashes Accomodation Rates With Unbeatable ‘Special Weekend Package’
Kampala’s leading boutique and luxurious hotel Kabira Country Club, continue to thrill partiers with an unbeatable weekend package to allow its clients to relieve off the week’s stress with a perfect stay at the luxurious hotel rooms for a retreat. According to management, the mega accommodation rates for their newly renovated rooms have been fairly…
Don’t Give Us Excuses Over Your Incompetence, Cough Our Money – Shareholders Task Dfcu Bosses
Earlier this year, Dfcu Bank announced that its shareholders will have to wait longer before they think of getting dividends for the year 2021 as the bank struggles to preserve capital. According to the bank’s latest audited financial results published recently, the bank’s overall profitability for 2021, was considerably affected by the loan impairments, which…
Released: City Lawyer Mabirizi Freed From Luzira Prison
City lawyer Male Mabirizi has been released by Luzira Prisons Authority after serving his 18 months jail sentence. Mabirizi who has just walked out into freedom today, 25th February, 2023 was on February 15, 2022 sentenced by Justice Ssekaana for 18 months after finding him guilty of contempt of court. After the sentencing however, Mabirizi…
Grief As Justice Kakuru Succumbs To Cancer At Aga Khan Hospital
Judge of the court of appeal Justice Kenneth Kakuru has passed on wee hours of Tuesday morning at Agha Khan Hospital in Nairobi, Kenya. According to Judiciary spokesperson Jameson Karemani confirmed the untimely death of Justice Kakaru which he termed as a big loss to justice system in Uganda. “we shall give detailed statement about…
News
Op-ed ANALYSIS: Is Simbamanyo’s Peter Kamya An Innocent Victim or a Dishonest Businessman Trying to Cheat Equity Bank? Did He Also Lie to Museveni to Arm-twist The Banks?
Last week a letter from President Yoweri Kaguta Museveni directing the Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile, to investigate the foreclosing of properties, belonging to Architect Peter Kamya of Simbamanyo Estates Ltd surfaced on social media. In the 3rd September 2021 letter (Reference No. PO/19), titled “Claims Of Illegal Sale Of Simbamanyo House…
NSSF’s Mid-term Payments Kicks Off
Uganda’s National Social Security Fund commenced payment of eligible members for the mid-term access to their contributions on March 17, 2022 in response to the new pension law. President Yoweri Museveni assented into the amended pension law, NSSF Act 2022, paving way for contributors to access up to 20% of their contributions before the mandatory…
Who Is John Musinguzi Rujoki The New @URA_CG?
The President of Uganda, Yoweri Kaguta announced the appointment of John Musinguzi Rujoki as the Uganda Revenue Authority Commissioner General, replacing Doris Akol who has been in Office for five years and five months. “By virtue of powers granted to me by the Constitution, I have appointed John Musinguzi Rujoki as the new Commissioner General…
Jinja Businessman Killed In Suspected Witchcraft
The mutilated and beheaded body of a prominent businessman in Jinja City has been found in a sugar plantation, with all indications that he was subjected to ritual sacrifice. Now Police in Busoga East are investigating circumstances under which the 53-year-old George Waidha, a resident of Busuyi village, in Wairasa sub county, in Mayuge district,…
Ugandan Billionaire Sudhir Ruparelia Ranked Among East Africa’s Asian Kings Of Cash
Across East Africa, and Africa as a whole, Asian entrepreneurs stand out for their success and longevity. According to one Aly-Khan Satchu, a Kenyan-Asian financial analyst and CEO of investment advisory firm Rich Management, Asian-owned companies have been embedded in the African ecosystem for more than a century. “For example, my family came to East…
BoU Report To Museveni – “Simbamanyo Estate Was Auctioned In Accordance With Provisions Of The Mortgage Act & the Mortgage Regulations To The highest Bidders”
Bank of Uganda has defended the decision by Equity Bank to auction Simbamanyo House and Afrique Suits saying the transaction was done under the law. BoU says Simbamanyo and Mr. Kamya failed to respect their loan obligation when they (Kamya) failed to payback the loan as agreed by parties as he continued receiving money from…
