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Gen Museveni Lashes Out At Guinea,Mali Coup Plotters
The commander in chief of armed forces President Yoweri Kaguta Museveni has scolded at the coup leaders in Guinea in a statement released on Friday afternoon. Uganda’s President Gen Museveni questioned the coup plotters their ideological stand. FULL STATEMENT The Military Coups that have taken place in Mali and Guinea, must be evaluated by the African…
MPs Task Govt To Intervene In Skyrocketing Fuel Prices
Members of Parliament (MPs) have asked government to intervene in the skyrocketing fuel prices, saying businesses are starting to crumble due to the high transport costs. The MPs who addressed journalists on Monday, 29 November 2021 in the Members’ Lounge at Parliament say that whereas fuel prices have been increasing for months, government has remained…
Bruno Fernandes Arrives At Lowry Hotel Ahead Of Completing Man Utd Transfer
Bruno Fernandes and his party have been spotted arriving at the Lowry hotel as he closing in on completing his transfer to Manchester United. The 25-year-old flew into Manchester last evening as his new side beat rivals Manchester City 1-0 at the Etihad. Fernandes and his travelling party were snapped in the back of a…
Museveni Survives Assasination,Top Govt Official Arrested
The police at the Central Police Station, Ibanda has in custody an official of the Ministry of Energy and Mineral Development on accusation of treason. High-end, yet irrefutable sources say Allen Cherotich, 48, threw a water bottle at President Yoweri Museveni as he inspected the parade at St. George Teachers College, Kagongo in Ibanda district…
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Big Story: Serena Kigo In Hot Soup! Risks Losing It’s Land Title Over Illegal Trespass
Businessman Hamis Kiggundu alias Ham through Kiham Enterprises, has run to court seeking for the cancellation of a land title created on the contested Kigo land by Buganda Kingdom in favor of Pearl Development Group. The petition addressed to the commissioner land registration looks forward to seeing the contested land titles cancelled claiming that they’re…
EXCLUSIVE: How Embattled DFCU bank is being haunted by ghosts of defunct Crane Bank as number of Shareholders continues to drop
When DFCU Bank controversially bought Crane Bank Limited (CBL) in January 2017, it immediately became one of the most profitable banks in Uganda as the former owners of CBL cried for the loss of their bank. Dfcu’s boosted its profitability in 2017 following the acquisition with net profit nearly tripling to Shs127 billion, up from…
“You Will Not Find a Poor Ugandan Asian Anywhere In The world!”- Dr. Sudhir Ruparelia
More than 100 entrepreneurs will fly in from a score of destinations from Canada, Australia, Europe and the Bahamas. They will land in Kampala between August 2 and 4 to raise a glass the anniversary in the luxury Speke Hotel on the shores of Lake Victoria. One of the organisers is the Ugandan billionaire Sudhir…
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…
OP-ED/Legal Review: The Consequences For BoU Over Total Court Losses Vs Sudhir In Crane Bank Sale Fallout
An analysis by Cymbell Advocate, a commercial law firm in Kampala, questions the Bank of Uganda on the consequences of the lost cases against city tycoon Sudhir Ruparelia in the fight for the defunct Crane Bank which now is believed was illegally shut down and sold off by the Central Bank. On 30th June 2017…
Airtel Uganda Partners Infinix To Launch Latest Note 30 Series
Infinix has officially unveiled the new NOTE 30 Series in Uganda.This series has the latest offering from Infinix features the brand’s hallmark charging capabilities, with an improved all round Fast Charge solution. While speaking at the launch of the Infinix Note 30 Series at Skyz Hotel Naguru on Wednesday, Ali Balunywa Sales and Distribution Director…