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Wanted: COSASE Summons Min Kasaija Over 10.6Bn Land Compensation
The Committee on Commissions, Statutory Authorities and State Enterprises ‘COSASE’ has summoned finance minister, Hon. Matia Kasaija, for snubbing the committee probe twice. COSASE is probing the Shs10.6 billion supplementary payment to six landowners in Bunyoro and Buganda regions. Among the six land owners is the Lusanja land in Kyadondo belonging to Medard Kiconco and…
Rajiv Ruparelia Withdraws From Rukaari-Lake Mburo Mbarara Rally
Motorsport ace Rajiv Ruparelia will not be part of the Rukaari-Lake Mburo Mbarara Rally 2022. The development was confirmed by his team, Rajiv Ruparelia Rally team (RRT), on Thursday, January 20. In their official statement, the Rajiv Ruparelia Rally Team said, “with much regret we like to inform all the rally fraternity and fans that…
Ethiopian Army, Rebels Accused of Limiting Rare UN Probe On Tigray Human Rights Violentions
Ethiopia has tried to limit a UN human rights investigation into atrocities committed in the blockaded Tigray region, people with knowledge of the probe say. The joint investigation by the UN human rights office and the government-created Ethiopian Human Rights Commission (EHRC) may be the world’s only official source of information on atrocities in the…
US Covid-19 Death Toll Exceeds 70,000 As Uganda Registers 55 Recoveries
The United States leads the world in the number of reported COVID-19 deaths and confirmed cases. There are more than 3.6 million COVID-19 cases worldwide and more than 253,000 deaths, according to the data. The death toll in the United States from COVID-19 has surpassed 70,000, with the number of cases exceeding 1.19 million, Johns Hopkins University…
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Stanbic Names Anne Juuko As New CEO
The board of directors of Stanbic Bank Uganda has appointed Ms Anne Juuko as new chief executive officer replacing Mr Patrick Mweheire, who has been promoted to the position of regional chief executive, Standard Bank Group. In a statement issued this afternoon, the board of directors said both Mr Mweheire and Ms Juuko will be…
Judge Asked To Step Aside In Simbamanyo House Case
Equity Bank Uganda denied having ever facilitated or engaged in facilitating any illegal cover to have Equity Bank Limited and Bankone Limited engage in financial institutions business in Uganda. Peter Kamya, an architect, has asked Justice Boniface Wamala to disqualify himself from hearing Simbamanyo House cases, citing bias. “The judge has not conducted himself in…
ERA Launches Forum To Promote Local Content In Electricity Sector
In a bid to promote the concept of Buy Uganda Build Uganda (BUBU), the Electricity Regulatory Authority (ERA) on Thursday launched a forum for local suppliers, with an aim of spurring an increase in the consumption of local products and services within the electricity sector, so as to achieve social, economic transformation. The Local Suppliers’…
Court Awards Mabirizi Complex Tenant 125M Over Illegal Eviction
A tenant at Mabirizi Plaza, who was evicted from her shop and her stock confiscated for failure to pay rent, has won a court case with damages of Shs125m with interest. Ms Sophie Nakitende sued Mabu Commodities Limited, a company that owns Mabirizi Plaza, after it evicted her and seized her stock for non-payment of…
DAVID MAFABI: Embattled BoU Officials Who Closed & Fraudulently Sold Crane Bank Should Account Individually
The Supreme Court decision directing that Crane Bank Ltd be reverted to its owners has raised a lot of mixed feelings, for it comes with a legal and cost implication which in one way or another will affect the ordinary Ugandan. The costs associated with the case will naturally be forked from the consolidated fund…
How Dr. Sudhir Ruparelia Slaughtered & Exposed Staggering Bank Of Uganda’s Fraudulent Scheme
In February this year, business magnate Sudhir Ruparelia left Bank of Uganda (BoU) nursing wounds after slaughtering it in a 5yr court battle which ended in his favor. Now, due to readers’ demand, we summerize for you the entire saga and what ignited this battle that has seen economic pundits ranking BoU as most fraudulent…
