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Panic As Suspected Female Covid-19 Patient Dies In Mbale
The Ministry of Health is currently investigating death of a 34 year old female who passed on 21st July, 2020 at a Clinic in Mbale. The deceased is Kenyan national married to a Ugandan. At the time of her first admission, she presented with COVID-19 related symptoms that included fever, headache and difficulty in breathing.…
M7 ‘Expected’ To Ease Lockdown As Gen. Tumwine Meets Starving K’la Residents
President Yoweri Kaguta Museveni is expected ease in a phased manner the lockdown which started on April 1 aimed at containing the spread of the coronavirus pandemic in Uganda. This follows a report presented by a Cabinet committe and the security Minister Gen. Elly Tumwine after conducting an abrupt tour in some slums of Kampala…
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…
Big Storm: How DFCU Bank Was Dragged Down By Crane Purchase As Other Banks Report Stellar Profits
While Uganda’s banking sector recorded strong financial results for 2021, the Development Finance Company of Uganda (DFCU) Bank continues to reel from its acquisition of Crane Bank in 2017 and the fallout from the Covid-19 pandemic. The third-largest domestic bank in Uganda in terms of assets recorded a 46% drop in profit to USh9.3bn ($2.6m)…
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DTB Vs Ham Case: Controversial Principal Judge Delays Compensation Of Businessman Ham, Reveals One Of The Parties Tried To Bribe Him
The Principal Judge, Dr. Flavian Zeija has revealed that one of the parties in the Diamond Trust Bank vs Hamis Kiggundu Shs120bn case tried to bribe him to influence his decision. “I was flabbergasted by one of the parties sending emissaries to me with financial proposals in order to influence my decision. This is disgusting,…
Maj Gen Sabiiti Muzeeyi Takes Over As General Manager Luwero Industries
The newly appointed General Manager of Luwero Industries Maj Gen Sabiiti Muzeeyi has taken over Office at the Industries Headquarters Nakasongola. The ceremony was presided over by the Managing Director, National Enterprise Corporation Lt Gen James Mugira. Maj Gen Sabiiti replaced Brig Gen Octavius Butuuro who has been appointed Deputy Commandant of the Senior Command…
Big Story: Uganda Airlines To Save Over UGX 905M Monthly After Starting Self-Handling Project In the First Quarter Of 2022
Uganda Airlines has revealed that it is set to roll out its Self-Handling Project before the First Quarter of 2022 ends. This was confirmed by Shakila Rahim Lamar, the Corporate Affairs & Public Relations Manager at Uganda Airlines in a recent interview. “This will involve passenger, baggage and cargo handling, maintenance, security, and general ground operations,” Lamar…
Big Story: Leadership Crisis Hits BoU As Museveni Fail To Appoint New Governor
President Museveni’s failure to appoint a new Governor for the Bank of Uganda has left the institution exposed. Deputy Governor Michael Atingi-Ego has reportedly failed to stamp his authority on the institution which has been running under the leadership of the late Prof. Emmanuel Tumusiime Mutebile, an economist with a no-holds-barrel approach to handling the…
Business Mogul Sudhir Explains Why Luxury Goods Should Be Banned In Africa
It may not go down well with the rich and powerful, but Uganda’s richest man, Sudhir Ruparelia is advocating a ban on the import of luxury goods into Africa to help it ride out the gathering world economic storm. In an exclusive interview with Billionaire Tomorrow, Sudhir Ruparelia says he has seen it all in the last…
What Next For Sudhir & Staggering BoU, Two Months after Landmark Ruling in Crane Bank case
The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of the decision on the national Treasury and on Ugandans generally, while…
