Closed banks case: BoU bosses claim Kirkland Associates vanished

Closed banks case: BoU bosses claim Kirkland Associates vanished

Bank of Uganda officials have told Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that they cannot trace the offices or address of Kirkland Associates, a law firm that they hired for consultancy services during the process of selling seven defunct banks. They made this revelation on Monday while appearing before the COSASE. […]

Bagyenda sneaks back into the country, goes to Parliament

Bagyenda sneaks back into the country, goes to Parliament

Former Bank of Uganda Director for Commercial Banks Supervision Justine Bagyenda has appeared before Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) after skipping three summons. Bagyenda is one of the Bank of Uganda (BoU) officials being questioned for the irregular closure of seven commercial banks in Uganda. Last week, the central bank’s head […]

Museveni: I advised those people against closing Crane Bank

Museveni: I advised those people against closing Crane Bank

President Yoweri Museveni has told his cabinet that he tried to restrain Bank of Uganda from closing Crane Bank Limited but the failed to listen to him. Eagle qouted sources saying that Museveni has left the officials to be probed without protection because he told them not to close Crane Bank but they did not […]

How Kasekende brought back Opio-Orech after money scandal

How Kasekende brought back Opio-Orech after money scandal

Shocking details about the director in charge of security at the bank of Uganda Milton Opio-Orech have emerged. For those who doesn’t remember, Milton Opio-Orech formerly worked at bank of Uganda as Senior Principal Banking Officer as Director banking. Opio was accused of aiding fraud in which government lost over shs13.4bn under Northern Uganda. He […]

#LakeVictoriaBoatAccident: Killer boat retrieved

#LakeVictoriaBoatAccident: Killer boat retrieved

The killer boat has now been retrieved on day 6 after it sunk last week on Saturday, authorities confirmed. Divers are now searching to see if there any bodies still trapped inside the wreckage. 33 bodies have so far been retrieved from the lake and 27 people rescued. The Police Marine and UPDF teams were […]

National Pride: UTB keen on promoting Uganda’s coffee tourism

National Pride: UTB keen on promoting Uganda’s coffee tourism

On December 6, 2018 Mr. Stephen Asiimwe, the CEO, Uganda Tourism Board will deliver a presentation on how ‘farmers and those in the hospitality and tourism industries gain prominence due to global exposure’ – at the Coffee and Tourism Symposium and Exposition -the region’s first forum for the coffee-tourism industry. In his presentation, Mr. Asiimwe […]

Ugandans deserve disclosure over compromised data – lawyer Kayondo

Ugandans deserve disclosure over compromised data – lawyer Kayondo

Data protection experts have called for a stricter controls in the proposed Data Protection Bill. Parliament is currently condidering the Data protection and privacy bill 2015 but the experts believe that the bill is sketchy in a number areas. One of these areas according to Silver Kayondo a lawyer with Ortus LLP is whether or […]

Gender minister Mutuzo set for grilling

Gender minister Mutuzo set for grilling

Government has been directed to table before Parliament today a list of deregistered labour services companies over human trafficking. Some of the companies licenses were revoked because they failed to obtain work for their clients abroad and others being involved in human trafficking. The minister of state for Gender Peace Mutuzo promised to give parliament […]

Ms Bagyenda hiding in Nairobi, MPs told

Ms Bagyenda hiding in Nairobi, MPs told

The embattled former Executive Director for Supervision at Bank of Uganda Justine Bagyenda is reportedly hiding in the neighbouring Nairobi, Kenya. Sources have told Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) that is conducting an inquiry into the conduct of Bank of Uganda and it’s officials in the closure of seven banks, […]