China’s Wuhan City, Jinja sign pact

China’s Wuhan City, Jinja sign pact

Uganda’s former industrial giant town of Jinja is set for a revival after signing an agreement of mutual interests with Wuhan Municipality in China. Witnessed by Prime Minister Dr Ruhakana Rugunda, His Worship Wan Yong and Jinja’s Majid Batambuze signed a cooperation agreement putting in place a relationship expected to benefit both Municipalities. The pact […]

Mutebile suspends Crane Bank bosses as BOU takes over

Mutebile suspends Crane Bank bosses as BOU takes over

Bank of Uganda has put Crane Bank under receivership, takes over management with immediate effect. Our reporters have sighted police officers instead of the usual Nepalese guards at the Bank’s branches across the Uganda. Central Bank Governor Tumusime Mutebile said: “Crane Bank is under-capitalised and poses systemic risk to the banking sector. Board of Directors […]

Keep on Kampala streets, Mayor Lukwago tells vendors to defy Minister Kamya

Keep on Kampala streets, Mayor Lukwago tells vendors to defy Minister Kamya

The animosity between Kampala Lord, Mayor Erias Lukwago and Kampala Affairs minister, Beti Olive Kamya over management of Kampala city has reached new heights. A new war is brewing after Mayor Lukwago called ‘illegal’ the forceful eviction of vendors off the streets by Hon. Kamya so as to decongest the city. On Wednesday, the government […]

Entebbe-Kampala Expressway to be fenced reveals UNRA

Entebbe-Kampala Expressway to be fenced reveals UNRA

With 71% of the Entebbe-Kampala Expressway works completed, by November 2017, the Uganda National Roads Authority has said the multibillion highway will be fenced. During a Wednesday morning spot-check by NBS TV, Entebbe-Kampala Expressway project engineer Semanda Hassan said that Ugandans will soon be using this road but will be fenced to limit access to […]

I have been stealing Lwera sand, Pastor Kakande apologises

I have been stealing Lwera sand, Pastor Kakande apologises

Self proclaimed prophet of God Pastor Samuel Kakande Synagogue Church of All Nations in Mulago has bowed to pressure owning to irresponsible sand mining and destruction of wetlands in Lwera in Kalungu District. He apologised for illegally excavating sand in a wetland within a 100-metre radius of Lake Victoria, contravening environmental regulations. Pastor Kakande – […]

Mutebile confirms Crane Bank troubles, to protect customers’ savings

Mutebile confirms Crane Bank troubles, to protect customers’ savings

In a disguised acknowledgment of turbulence in Crane Bank, the Bank of Uganda has today assured Ugandans that they will take all measures to ensure customers’ savings are safeguarded. Addressing the media in Kampala, Governor Emmanuel Tumusiime-Mutebile said although he doesn’t like talking about situations of individual banks, nonetheless the central bank will ensure Crane […]

Bank of Uganda cuts key lending rate to 13 pct

Bank of Uganda cuts key lending rate to 13 pct

The Central Bank has cut its benchmark lending rate on Tuesday to 13 percent from 14 percent, saying there was room to support growth by easing. Policymakers in the East African nation embarked on an easing cycle in April, and they have since brought down the rate from a peak of 17 percent, that was […]

Chaos as Kampala vendors are forced off streets by Police, KCCA

Chaos as Kampala vendors are forced off streets by Police, KCCA

The police led by CPS DPC Joseph Bakaleke together with KACITA were on Monday morning involved running battles against vendors on Kampala streets. KACITA had earlier issued a warning that they would physically engage in taking vendors off Kampala streets. However, on Monday morning, police deployed patrol vehicles on almost all streets as they asked […]