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…
Traffic police statistics show 118 people were killed in road crashes between April 24 and May 4th. This translate into 12 people or more losing their life every day. Of these road deaths, 28 people died on the same day of May 4th after a Link bus plunged into a tea garden in Fort Portal…
Uganda Airlines has dismissed media reports that the National carrier is seeking UGX 85bn to buy a new CRJ90 engine (Bombardier engine). Rahim Shakila Lamar, the Corporate Affairs & Public Relations Manager at Uganda Airlines has clarified that the UGX 85bn Uganda Airlines was seeking Parliament to approve is the annual allocation from Government for the National Carrier…
Sonia Kyoshaba was an active university student of Hotel Management who took a boda boda intending to reach her hostel in time to beat an assignment deadline, when a reckless driver knocked her and she lost consciousness. When she woke up in hospital, she had lost her limb up to the hip and could no…
The Attorney General Kiwanuka Kiroywa and Finance Minister Matia Kasaija have defended the controversial coffee contract between the Government and the Italian investor that has ruffled feathers since last month. While appearing before the parliamentary committee on Trade, Tourism and Industry chaired by Mbarara city south MP Mwine Mpaka on Wednesday, 27 April 2022, the…
Government is in need of an additional Shillings 652 billion to mitigate the risks of COVID-19 pandemic in the financial year 2022/2023, but the item remains as unfunded priority, the health minister Dr. Jane Ruth Aceng has said. As of April 15, 2022, statistics available from the Ministry of Health indicate that there have been…
The Speaker of Parliament Anita Among has blocked debate on former Speaker Jacob Oulanyah’s poison claims, saying his death should not be politicized. “We are not going to allow Oulanyah’s death politicized. We are still grieving let things of investigations go on, if it’s true, that he was poisoned, let the culprits be got,” she…
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…
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…
Fire has gutted the agri-chemicals and equipment central store of the Ministry of Agriculture, Animals Industries and Fisheries along Buganda road in Wandegeya in Kampala. The store shares the same compound with the Uganda Trypanosomiasis Control Council and Uganda Veterinary Board offices. Eyewitnesses say the fire spread from a small heap of garbage that was being burnt behind…
