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Disgruntled Whistleblower Petitions Museveni Over Corruption At BoU, Sale Of Defunct Banks
A disgruntled whistleblower has petitioned the President of Uganda Yoweri Kaguta Tibuhaburwa Museveni seeking to investigate and prosecute former executives of Bank of Uganda (BoU), over allegations of involving themselves in corruption and the fraudulent sale of seven defunct banks. The petitioner, Sam Brian Kakuru, wants the president to institute an investigation into the operations…
Jeff Bezos Tops Forbes List Of World’s Billionaires, Again
By Agencies Not even a nearly $40 billion divorce can topple Amazon (AMZN) founder and CEO Jeff Bezos from being the world’s richest person. For the third year in a row, Bezos landed the top spot on Forbes’ rank of global billionaires. His net worth fell $18 billion last year to $113 billion, according to Forbes, partially due to his high-profile split from…
Equal Opportunities Commission Boss Ntambi Faces Arrest As MP Petitions Col. Nakalema For Continued Contempt of Court
Sylvia Ntambi Muwebwa, the troubled Chief Executive Officer (CEO) of the Equal Opportunities Commission (EOC), faces arrest over allegations that she is intentionally hiding and has refused to appear before court to take plea for the charges lodged against her at the Ant-corruption court. Ntambi, who is charged together with several of her staff for…
Train More Pharmacists-Kadaga Implores Govt
Speaker of Parliament, Rebecca Kadaga has called for increased training programmes in pharmacy aimed at developing a good reputation for the profession. With the increase of pharmacists and the rise of Non-Communicable Diseases (NCDs), Kadaga said that it is important to ensure safety of drugs and value for human health. This she said can be…
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BANKS: We Have Failed To Identify SMEs For COVID-19 Relief Fund
Leaders in the banking industry say that they have failed to identify people who qualify for the government’s COVID-19 relief fund meant for small and medium enterprises. It comes a few days after the Bank of Uganda revealed that only Shillings 6 billion out of the Shillings 200 billion Small Business Recovery Fund (SBRF), which was…
Min. Kahinda Otafiire: Ugandans Are Being Fed To Crocodiles In Thailand
Uganda’s Minister for internal affairs Maj Gen (rtd) Kahinda Otafiire has said he is determined to take drastic measures to ensure that citizens going for external labour in Asia are protected from illegal extraction of their internal organs. Otafiire, who was responding to Uganda Radio Network’s enquiry why of all hospitals in the country he…
South Africa Airways To Cancel Flights To Entebbe
The joint Business Rescue Practitioners (BRPs) of South African Airways (SAA) has announced further initiatives to support the airline’s transformation into a sustainable and profitable business. The BRPs, Les Matuson and Siviwe Dongwana, have worked closely with key stakeholders including industry specialists, government, creditors and executive management to develop a comprehensive restructuring programme which will…
Tough Times For Ugandans As Central Bank Moves To Restrict Money In Circulation
On July 6, Bank of Uganda held an emergency monetary policy committee meeting and decided to increase the central bank rate (CBR) by one percentage point to 8.5%, the highest since the country got hit by COVID-19. The Bank had in June this year raised the rate by a percentage point. Previously, the Bank had…
ANDREW MWENDA: BoU Should Concede Crane Bank Legal Battle, Negotiate With Tycoon Sudhir
City talkative Journalist Andrew Mujuni Mwenda has advised the frustrated Bank of Uganda (BoU) to concede in the four-year old legal battle with city tycoon Sudhir Ruparelia and his Meera Investments Ltd following the latest Supreme Court ruling that quashed the central bank bid to liquidate the defunct Crane Bank Ltd. This comes after an…
President Museveni Nullifies Housing Finance Bank’s Fraudulent Sale Of NRA Hero Widow’s Property
The President of Uganda Museveni has intervened in a case where Housing Finance Bank is accused of fraudulently selling Widow’s Shs30Bn Estate at just 8Bn. According to aletter this website landed on, the President has since directed the Managing Director of Housing Finance Bank (HFB) to desist from attaching and auctioning a house belonging to…
