So why is dfcu Bank in chaos? Here are the reasons

So why is dfcu Bank in chaos? Here are the reasons

As key shareholders plan to exit DFCU Bank, other changes are also taking place. The latest is that one of an influential director on the bank’s board, Deepak Malik has resigned his position, further complicating matters. Deepak Malik serves as the Chief Executive at Arise B.V. He also serves as the Head of Department – […]

Museveni promises Uganda’s 120-year-old railway to Spanish businessmen

Museveni promises Uganda’s 120-year-old railway  to Spanish businessmen

President Yoweri Museveni has said suggested that Spain also be incorporated into Uganda’s sector of railway construction in Uganda alongside the Chinese. Mr. Museveni made the proclamation on Tuesday  while receiving the credentials of the new Spanish envoy, Mr. Javier Garcia Viedma Bernaldo De Quiros. The Chinese who are already deeply involved in that sector. Ambassador […]

Seals Swim Club gets UGX 40m boost from Centenary Bank

Seals Swim Club gets UGX 40m boost from Centenary Bank

Monday 2nd July 2018 – Centenary Bank, Uganda’s leading commercial microfinance Bank, has today announced a UGX40 million sponsorship of the Seals Swim Club gala scheduled to take place from 5th – 8th July, 2018 at Kampala Parent’s School, Naguru. Centenary Bank’s 2018 sponsorship announced by the Bank’s Chief Manager Business Growth Mr. Micheal Jjingo […]

Fake news websites target UCC, State House as Museveni goes bare knuckles

Fake news websites target UCC, State House as Museveni goes bare knuckles

President Museveni has directed Uganda Communications Commission (UCC) and Security Agencies to investigate the source of fake news about government officials that have previously been widely circulated on social media platforms. Addressing media executives recently at State House Entebbe, Museveni warned that publishers and those found of circulating fake/false news would be held to account. […]

Shs100 million up for grabs in dfcu Bank’s Battle for Cash challenge

Shs100 million up for grabs in dfcu Bank’s Battle for Cash challenge

Kampala, Tuesday 26th June 2018– dfcu Bank, in partnership with NTV Uganda and Price Waterhouse Coopers (PwC) have launched Season II of the Investment Clubs Challenge dubbed ‘Battle for Cash.’  Battle for Cash is a nationwide campaign targeted at instilling a savings and investment culture in Uganda. In 2017, dfcu Bank held a six-month long […]

Ugandans can now order fresh produce online

Ugandans can now order fresh produce online

In an era where Ugandan farmers grapple with marketing their produce, and (where) consumers have to brave a number of inconveniences in order to get fresh produce, a solution has been born. Bringo Fresh has entered the market to bridge between Ugandan farmers and technology, a platform that lets individuals order fresh produce online and […]

Muslims acquitted of terrorism and murder want $5million in compensation

Muslims acquitted of terrorism and murder want $5million in compensation

Four Muslim leaders who were acquitted of terrorism and murder charges have written to the Director of Public Prosecutions Mike Chibita seeking an apology and compensation for malicious prosecution and loss of business. The group includes Sheikh Ismail Ssentongo, Muhammad Kalodo, Musa Isa Mubiru and Yusuf Ssentamu had been jointly indicted alongside the former leader […]

Ggaba Muslims elated as Rajiv donates 900Kgs of sugar

Ggaba Muslims elated as Rajiv donates 900Kgs of sugar

Rajiv Ruparelia, son to property mogul Sudhir Ruparelia has donated 900 kilograms of sugar to Ggaba Mosque, benefiting 300 Muslims. He donated the sugar through Ruparelia Group Foundation not only as a way of giving back to the Muslim community, but also appreciating them for successfully completing the Holy Month of Ramadan. During the hand […]

Gen. Kale Kayihura arrested over killing AIGP Kaweesi – reports

Gen. Kale Kayihura arrested over killing AIGP Kaweesi – reports

Former Inspector General of Police Gen Kale Kayihura who was on Wednesday arrested by the military has been charged with the murder of slain Police spokesman Andrew Felix Kaweesi, yet to be confirmed reports indicate. Gen Kayihura was arrested at his country home in Katebe village, Kashagama sub-county Lyantonde district a few hours ago after […]