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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…

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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…

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…

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