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Five Injured In Kampala Suspected Grenade Explosion
A suspected grenade explosion has left five people injured and admitted to Mulago hospital in Kampala, the police have said. According to the Kampala Metropolitan Area deputy Police spokesperson, Luke Owoyesigyire, the incident happened at Industrial zone, Kagugube,Central division in Kampala city when an explosive ordinance blasted and injured five people. “It is alleged that…
Op-Ed: Please Capitalise Uganda Development Bank (UDB) & All Other Commercial Banks
By Beinomugisha Godfrey Kampala: Reflecting on the current Business Financing in Uganda, its very difficult to get An investment long term loan in our local commercial Banks. Bank of Uganda needs to loosen up on “the intricacies of economic policy-making on banks lending out money to individual investors, who find it hard to get cheap…
Western Uganda Thankful For Sheema District Woman MP’s COVID-19 Awareness Song
This should probably come as no surprise that the Youthfull Sheema Woman MP, Hon. Jacklet Atuhaire Rwabukurukuru, has released the first hit song to deal with the COVID-19 pandemic in the Country. Yes, it is, a viral phenomenon and through this song, people should be made aware about the ongoing pandemic of Corona Virus. It…
Court Orders Min.Baryomunsi To Cough 80M For Defaming Tycoon Garuga
The member of parliament for Kinkiizi east who doubles as State Minister for Housing, Dr. Chris Baryomunsi is cough Shs80.6 million to Kanungu tycoon James Musinguzi Garuga and his company Kinkizi Development Co. Limited after he successfully argued in court that the minister, a Tumwebaze Karabenda Godfrey the mayor Kanungu town council while being hosted…
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Corporate Social Responsibility: TotalEnergies EP Uganda Equips Project Affected Persons in Buliisa
TotalEnergies EP Uganda has this week reiterated its commitment to supporting sustainable and inclusive economic growth through income generating activities by the Tilenga project community. The company has provided start-up kits to Project Affected Persons (PAPs) under Resettlement Action Plan 1 (RAP 1) to setup income generating activities in a bid to elevate their ability…
City Landlords, Gov’t To Meet On Wednesday, Decide On Reopening Of Arcades
The Government of Uganda and other stakeholders will meet on Wednesday July, 1, 2020 to discuss the possibility of reopening two arcades as a pilot study to assess compliance with the Standard Operating Procedures (SOPs). Ms Shakira Natozo, the public relations officer at the Ministry of Trade, Industry and Cooperatives, said a committee comprised of…
MPs Grill Finance Minister For Details On Shs1.7 Trillion Loan Disbursement Plans
Parliament’s Committee on National Economy has asked Finance State Minister, Hon. Henry Musasizi for details on the actual intended disbursements of the loan before they can give their nod of approval. Shadow Finance Minister, Hon. Muhammad Kivumbi objected asking for details of the disbursement, a request he said is informed by fears that the money…
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…
Panic! Two Concerned Citizens Demand For IGG Report On Ex BoU Officials Kasekende, Bagyenda
Two concerned citizens have petitioned the Inspector General of Government demanding for a report into the investigation and prosecution of former Bank of Uganda Deputy Governor Louis Kasekende and former director of commercial banks supervision Justine Bagyenda. The report that is being demanded for also looked into the conduct of Benedict Kasekende, the BoU Director…
Is Sudhir’s Victory Against BoU In Crane Bank Case a Game Changer?
The controversy between Crane Bank and Bank of Uganda came to an end after businessman Sudhir Ruparelia obtaining a final Supreme court order allowing him to revert Crane bank back to its shareholders. In January 2017, Crane bank was acquired by dfcu bank at Shs 200 billion after the central bank ruled that it was…
