Breaking News
DFCU Bank Records 51% Decline In Half Year Profits
Dfcu Limited has recorded a 51 per cent drop in profitability for the first six months this year, according to its half-year financial results for the period ended June 30, 2022. The bank reported Shs18.7 billion in net profits after tax compared to 5hs49.9 billion in the corresponding period in 2021, representing a 51% slump…
Police Fire Brigade Officers Pass Out In Specialized Equipment Operations
Police officers have completed a 4 months specialized training in firefighting and prevention. The function was presided over by the Chief of Joint Staff, AIGP Jack Bakasumba, who congratulated the officers for the reasonable efforts in the course. He noted that the course comes at the right time, putting the officers in a right position…
Five Armed Civilians Arrested With UPDF Uniforms To Face Court Martial
The Unit Disciplinary Committee (UDC) sitting at the Chieftaincy of Military Intelligence headquarters in Mbuya has sent five civilians and One soldier to the Makindye based General Court Martial. Col Tom Kabuye the Chairman of the UDC ,while reading the charges,said that Mr Erepu Joakim was arrested while in possession of military Information both in…
Don’t Be Misguided To Embrace Hooliganism Politics,Respect Elders -Todwong Tells Youths
The NRM Secretary General Rt Hon Richard Todwong has called on the youth to take time and seek guidance from their elders before venturing into the unknown. “Don’t be misguided, learn to respect your elders because they can see certain things from a different angle than you may not happen to notice or see. With…
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Premier Roses Ltd, Fair Trade Premium Donates Over 200 Blankets To Farm Workers
In a bid to extend their Corporate Social Responsibility (CSR) to the community, the management of Fair Trade Premium limited, and Premier Roses Farm Limited donated over 200 blankets among other goodies to farm workers to appreciate them for their good work. The rose farm was one of the horticulture companies affected by the global…
‘Desist From Compromising The Judiciary’- Appellante Judges Warn As DTB Struggles With Appeal Against Ham
The appellate judges handling the Ham Vs DTB that include: The Deputy Chief Justice Richard Buteera, Justice Kenneth Kakuru and Justice Christopher Izama Madrama have strongly warned and cautioned parties involved to desist from trying to compromise the judiciary. It should be known that Diamond Trust Bank appealed the October 2020 High Court judgement, since…
Speke Resort & Convention Developer Finally Agrees With NEMA On How The Project Can continue without Compromising The Integrity Of Lake Victoria
The National Environmental Management Authority (NEMA) has finally agreed with Speke Resort and the Convention Developer on how the project can continue without compromising the integrity of Lake Victoria. This website has learnt that NEMA Management Team and Board members visited the site on Wednesday March, 9, 2022 to assess how the project could exist…
Parliament Enacts Shs48.1 Trillion First Post-lockdown Budget
Parliament has passed the Shs48.1 trillion budget for financial year 2022/23 with post Covid-19 economic recovery high on the agenda. Under the theme “Industrialization for Inclusive growth, Employment and Wealth Creation,” projected revenue base is Shs48.1 trillion to finance the budget. On recurrent expenditure, Ministry of Finance, Planning and Economic Development takes Shs2.3 trillion, Ministry…
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…
Museveni Commissions Ultra Modern Soroti Market
President Yoweri Kaguta Museveni has commissioned the ultra-modern Soroti Central Market in Soroti City, while on his campaign trail in Teso sub-region. The Market shall accommodate over 2,000 vendors, most of whom are women and small-scale business operators.New modern Soroti market According to the Minister for Local Government, Raphael Magyezi, the Market has got 1,396…
