Breaking News
Amnesty International Joins Push To Free Presidential Runner Robert Kyagulanyi
The Ugandan authorities must immediately lift the police and military siege of opposition leader Robert Kyagulanyi’s home and release him and his wife Barbara Itungo Amnesty International said as the post-election blockade entered its 7th day. Robert Kyagulanyi, also known as Bobi Wine was declared runner-up by the Electoral Commission in last week’s presidential election,…
In Hot Soup: Rev Tugumehabwe Drags Ntagali To Court,Demands 530M For Sleeping With His Wife
Rev. Christopher Tugumehabwe has dragged former Church of Uganda Archbishop Stanley Ntagali to court for allegedly having an extra-marital affair with his married wife one Judith Tukamuhabwa. He wants 500m from Mr Ntagali as the compensation for eloping with his legally recognized better half. This has come after Emeritus Archbishop Ntangali last week officially confessed…
Bukoto Heights Apartments Unveils ‘Special Room Rates’ In Valentine’s Perfect Getway Plan
Kampala’s fully furnished spot for accommodation – Bukoto Heights Apartments has unveiled new accommodation rates in a bid to reward loyal clients with a timeless luxury staycation at the swanky apartments this Valentine’s day in new style. In its newly revised special room rates, Bukoto Heights is now offering the one bed-room accommodation at a…
Breaking! Jubilation As Scandalous Dr. Kasekende Hands Over BoU Office
Dr. Louis Kasekende has finally handed over Office as the Deputy Governor Bank of Uganda. The secret handover ceremony happened on Monday afternoon January, 13, 2019 at Bank of Uganda where no Journalists were allowed. Dr. Kasekende, who started working at the Bank of Uganda in 1986, was highly expected to replace the governor Emmanuel…
News
Half a Decade After Fraudulent Take Over Of Powerful Crane Bank, Staggering Dfcu Bank Stuck In Limbo
Recently, the board of DFCU Bank Limited appointed Dr Winifred Mary Tarinyeba Kiryabwire as the Board Chairperson amidst the bank’s staggering status that has seen it losing millions of customers. Remember that Winifred’s appointment was after the bank releasing its 2021 results showing it had lost UGX313 billion or 12% of its customer deposits. Deposits,…
Some Relief For Consumers As Fuel Prices Slightly Drop
Businessmen and experts have expressed optimism that the continued drop in fuel prices in Uganda will help to lower the cost of doing business. In the past two months, there has been a drop in the fuel pump prices from an average of 6,800 Shillings a litre of petrol to about Shs5,800, and diesel from…
Unjust Law Can’t Be Law: Diamond Trust Bank Stuck With An Illegality, Court Rules
Courts Don’t Hold The Discretion To Stand With An Illegality There was a mood of high expectation yesterday when we assembled at the Court of Appeal (COA) to receive its judgment in the Appeal filed jointly by Diamond Trust Bank Uganda and Diamond Trust Bank Kenya against Ham Enterprises and 2 others. DTB Kenya had…
African Banker Awards 2021: Equity Named Best Regional Bank in East Africa
Equity demonstrated a strong and consistent financial performance in the 2020 financial year The Group continues to pioneer technological innovations that have led to more convenient banking and transaction cost reduction for customers The Group distinguished itself for its role in safeguarding and cushioning the lives and livelihoods of its host communities Nairobi, 02nd August…
BoU To Cough Billions In Costs After Withdrawing Appeal Against Sudhir
In an unexpected turn of events, Bank of Uganda (BoU) on 15th September announced it was withdrawing Civil Appeal No. 7of 2020 which they (via Crane Bank Limited (in receivership) has logged in the Supreme Court against businessman Dr Sudhir Ruparelia and Meera Investments Limited. In the same spirit, Bank of Uganda stated that it will…
Greatness : UIA Wins International Award To Boost Investment In Uganda
The Uganda Investment Authority (UIA) has bagged the prestigious Go Global Awards for its distinguished efforts in making Uganda the number one investment destination in the continent. The UIA Director General, Robert Mukiza received the news of the award, which has enhanced the country’s investment outlook, from Nina Escarda, the Senior Trade Commissioner of the…