MTN sponsors ‘Legends Saba Saba’ concert

MTN sponsors ‘Legends Saba Saba’ concert

Two years down the road, Ugandan giants Jose Chameleon and MTN are still at it. The telco has announced sponsorship of JChameleon’s “Legends Saba Saba” concert slated for Friday, 7th December 2018 at the Lugogo Cricket Oval. Chameleon, whose music recently crossed the 20-year mark, has been one of the long-term musicians that MTN Uganda […]

Closed banks’ loans were sold off at a discount of 93 percent – Bagyenda

Closed banks’  loans were sold off at a discount of 93 percent – Bagyenda

The former Bank of Uganda (BoU) Executive Director Justine Bagyenda has defended a decision by the Central bank to sell off loan portfolios for three closed commercial banks, in the absence of valuation reports. The loans were sold off at a discount of 93 percent. According to the Auditor General, the debt portfolio comprised of […]

Govt lauds Virtual University of Uganda at 4th graduation

Govt lauds Virtual University of Uganda at 4th graduation

Virtual University of Uganda (VUU), one of Sub-Saharan Africa’s first fully online university and Uganda’s only fully online University has today conferred 20 candidates with awards for successfully completing courses studied. The Guest of Honor, Dr. Peter Ndemere, Executive Secretary National Council for Science and Technology hailed VUU for leading the innovation in the Post […]

Bagyenda bewildered as angry MPs refuse to flee her detained aides

Bagyenda bewildered as angry MPs refuse to flee her detained aides

MPs sitting on the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) on Monday rejected a request by former Bank of Uganda Executive Director in charge Supervision, Justine Bagyenda to have her two aides who were arrested last year released. Last week, COSASE handed over two Bagyenda aides; Juliet Adikolet (bodyguard) and Job Turyahebwa […]

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 […]