Breaking News
Unknown Assailants Strangle Primary Five Pupil To Death
Unknown assailants have stabbed to death Sharif Alon, a primary five pupil of Arua Parents Primary school in Arua city. His relatives say the minor met his death at the hands of the assailants on Sunday night. The deceased’s body was found lying along Mududu road in Enyau cell, Kenya ward in Arua central division,…
Just In: Kadaga Goes Independent After NRM CEC Endorsing Oulanyah For Speakership
The latest information reveals outgoing Speaker Rebecca Kadaga has decided to stand as an independent candidate for speakership race. This comes after NRM Central Executive Committee (CEC) on Sunday morning endorsed JacobOulanyah as the party’s candidate for the Speakership of the 11th Parliament. According to information from the outgoing Speaker Rebecca Kadaga camp reveals that…
Amolatar Woman Cuts Husband’s Head Over Christmas Meat
Police in Amolatar have arrested a woman for cutting her husband’s head with a panga over Christmas meat. The suspect has been identified as Milly Acen, a resident of Abutataro village, Alemere parish in Agwingiri Sub-County. It is alleged that Acen was infuriated by the fact that her husband Denis Obua bought meat for a…
Security Put On Alert As UPDF Recovers Homemade Bombs In Komamboga
The Uganda People’s Defence Forces (UPDF), in an intelligence-led operation, have recovered four Improvised Explosive Devices (IEDs) that were in a rental house in Kwata zone, Komamboga parish, Kawempe division in Kampala. According to Brig Gen Felix Kulayigye, the UPDF Spokesperson, intelligence was collected from residents and the previously arrested ADF terrorists about suspicious individuals…
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Singer Mathias Walukagga Releases New Song Cursing Avarice BoU Officials, Applauds Dr. Sudhir For The Resilience
The Kadongokaku celebrated Singer turned Politician Mathias Mulumba Walukaga has dropped a new hit bang titled “Akanyomonyomo”. In his latest song, bitter Walukaga has warned against impunity and complacency where he stung bosses at the Central Bank Of Uganda, it’s advisors and lawyers for not learning from their past experiences and mistakes. The musician also…
Museveni Names Dr. Mugume Acting Deputy BoU Governor Replacing Out Of Contract ‘Kasekende’ As Mutebire Fights For His Dear Life At Nakasero Hospital
The Director of Research at Bank of Uganda, Dr Adam Mugume, was on Friday assigned to perform the duties of the Deputy Governor of Bank of Uganda. The position fell vacant about three months ago after Dr Louis Kasekende’s contract ended. He served in that position for 10 years. When contacted, the Central Bank deputy…
New Twist: Uganda Bankers Association Joins DTB To Appeal Court’s Ruling In Favour Of Ham Enterprises
Uganda Bankers’ Association (UBA), an umbrella organization for financial institutions licensed and supervised by Bank of Uganda is to join Diamond Trust Bank (DTB) in appealing against court’s ruling in the loans case against Ham Enterprises Ltd, owned by businessman Hamis Kiggundu. Commercial Court head Justice Henry Peter Adonyo on Wednesday ruled that the credit…
Labour Externalisation Sector Worried Due To Continued Business Prohibition
On 1st October 2020, Uganda reopened Entebbe International Airport and other entry points after President Yoweri Museveni eased on COVID-19 restrictions. The news about reopening of borders threw players from various sectors of the economy in a frenzy of excitement as it brought a new ray of hope to many, hoping that it was time…
Prime Finance Sues Fountain Publishers Over Shs43Bn Loan
Prime Finance Company has dragged Fountain Publishers Limited to court over failure to pay an outstanding loan worth Shs43b. In two separate cases filed before the Commercial Division of the High Court, Prime Finance Company, accuses Fountain Publishers of breach of two loan agreements. According to court documents, in one file Prime Finance Company is…
Governor Mutebile Warns Of Tough Times As Uganda’s Debt Hits Shs53Trn
The Governor Bank of Uganda (BoU) Emmanuel Mutebile has revealed that the Central Bank, the ratio of debt as percentage of GDP stood at 13.9% in nominal value terms as at end April 2020 and 29.7% percent in present value terms as at the end of March 2020. Mutebile made remarks while appearing before Parliament’s…
