Govt begins ‘squeezing’ money lenders

Govt begins ‘squeezing’ money lenders

The government has started enforcing the Tier 4 Microfinance and Money Lenders Act of 2016, a revised regulatory framework for microcredit providers, non-deposit taking institutions and saving groups. The new law establishes stringent conditions for persons trading as money lenders in Uganda, who are now required to register as corporate entities before transacting business. The […]

Ecobank customers to watch final Formula One race of 2018

Ecobank customers to watch final Formula One race of 2018

Lucky Ugandans are set to win a once-in-a-lifetime opportunity of watching the world’s premier motorsport event from the front row seats at prestigious Yas Marina Circuit in Abu Dhabi. Ecobank Uganda announced this week that 5 lucky customers  to the last race of the Formula One calendar in an all-expenses-paidtrip. The Pan African bank launched […]

DFCU begins Bancassurance sales as traditional brokers lose jobs

DFCU begins Bancassurance sales as traditional brokers lose jobs

Kampala, Uganda, Friday, June 1st, 2018. Over a year after dfcu’s acquisition of Crane Bank, Uganda’s second biggest bank has commenced Bancassurance sales in 66 branches countrywide as the country seeks to increase the number of its nationals covered by insurance policies. Bancassurance is an arrangement in which a bank and an insurance company form a […]

Dr. Abed Bwanika a failure to this country – FDC

Dr. Abed Bwanika a failure to this country – FDC

Opposition Forum for Democratic Change (FDC) have revealed that they are not in politics to build a united opposition but rather to take power. The party Deputy Secretary General, Harold Kaija (pictured above) said the party was never formed to organize and build a strong opposition. Kaija was speaking in response to the presentation by […]

Embattled Bagyenda runs to police over alleged harassment by media

Embattled Bagyenda runs to police over alleged harassment by media

The former Bank of Uganda supervision director, Ms Justine Bagyenda is set to tussle it out with several media houses claiming defamation of character and spreading harmful propaganda charges, over obtaining and publishing her bank details. According to media reports, Ms Bagyenda, has filed a case against 12 media houses at the Directorate of Criminal […]

Muhammad Kirumira fate still unknown

Muhammad Kirumira fate still unknown

There is heavy deployment of counter terrorism Police at the Naguru police headquarters. The deployment comes ahead of the judgment by the Police Disciplinary Court on the cases leveled against Muhammad Kirumira, the embattled former Buyende District Police Commander. The Police Disciplinary Court is expected to pronounce itself on the accusations of corruption, unlawful excessive […]

#MakerereStrike: University engaging angry students on how to end the crisis

#MakerereStrike: University engaging angry students on how to end the crisis

The spokesperson of Makerere University Ritah Namisango has stated that the university will reach out to and engage all students to remain calm following the outbreak of major protests today. Teargas rocked Makerere University on Monday as Police dispersed students striking in protest against the University administration’s decision to hike tuition fees. Namisango says the […]

Museveni holds talks with UMEME bosses

Museveni holds talks with UMEME bosses

President Yoweri Museveni Tuesday met and held discussions with four officials from Umeme, led by their Board Chairman, Mr. Patrick Bitature, who called on him at State House Entebbe. Mr. Museveni and his guests discussed the increasing power tariffs levied by the power distributor. Other members included, Mr. Celestino Babungi the Company’s Chief Financial Officer, […]

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