Browsing: Government of Uganda

Four Suspects Remanded For Financing Terror

The Buganda Road Magistrates Court has remanded four suspects to Luzira prison on charges of belonging and rendering support to a terrorist organization, the Allied Democratic Forces. The suspects include; Rashidah Namiiro, a resident of Kirokole zone in Kawempe, Kampala district, Saidi Kakooza alias Bizimana, a resident of Nakitokolo village in Nsangi town council, Wakiso…

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…

Uganda To Be Blacklisted Over Money Laundering

Uganda’s financial industry risks being blacklisted by international systems for failure to put in place measures that can effectively prevent financial crimes like money laundering. This is a requirement by the Financial Action Task Force (FATF), a global inter-governmental organisation on the initiative of the G7countries to develop policies to combat money laundering and terrorism…

Pictorial: Excitement As ‘Historical’ Nakivubo Memorial War Stadium Construction Nears Completion

Days are numbered for football fans in Uganda to jubilate as the construction of multibillion and multi-purpose Nakivubo War Memorial Stadium, commonly referred to as Nakivubo Stadium, is swiftly progressing with the focus of being the leading stadium on the African continent. The mega arena is being developed by Uganda’s youngest tycoon and city Businessman…

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