Bus operators cautioned on return journeys

Bus operators cautioned on return journeys

In efforts to reduce increasing number of road carnage associated with this festive season, Uganda Police Force in partnership with Safe way Rightway have re-launched the speed management campaign along major highways. On average, Uganda loses 10 people per day in road traffic crashes, which is the highest in East Africa. Reports statistics have indicated […]

Bank of Uganda told to account for Shs478bn injected into Crane Bank

Bank of Uganda told to account for Shs478bn injected into Crane Bank

The Parliamentary Committee investigating the closure of the defunct seven commercial banks have tasked the Bank of Uganda to produce the accountability of the Shs478billion that was injected into Crane Bank Limited for liquidity. The Committee that is chaired by Bugweri County Legislator Abdu Katuntu has also learnt of the duplication of some 4,458 account […]

Lucky Us: Uganda named as a top destination to visit In 2019

Lucky Us: Uganda named as a top destination to visit In 2019

Often considered the pinnacle of travel literature out there – Fodor’s Travel is the world-renowned go-to for top-quality information about all facets of travel. That’s why it’s a major feather in the cap of Ugandan tourism to be named ‘Discover unparalleled wildlife experiences in the ‘Pearl of  Africa.’ With close to 200 set countries worldwide […]

Ugandans to mark Jamhuri Day

Ugandans to mark Jamhuri Day

Jamhuri Day, observed on 12th December each year, is the most important National holiday in Kenya as it marks the date it obtained Independence from United Kingdom. This day is normally marked by festivities to celebrate Kenya’s cultural heritage, milestones and to reflect on the journey of independence. “As we celebrate our 55th Jamhuri Day, […]

‘Bagyenda didnt look at the audit report of GTB except that of Crane Bank’

‘Bagyenda didnt look at the audit report of GTB except that of Crane Bank’

Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) has given the former Bank of Uganda (BoU) executive director of supervision, Justine Bagyenda and her former co-workers up to Thursday this week to present negotiation records, inventory reports and minutes of meeting that led to the final decision for closure of Global trust bank […]

Police could charge Kabula MP Kakooza with vehicular manslaughter after death of Pastor

Police could charge Kabula MP Kakooza with vehicular manslaughter after death of Pastor

The Kabula county Member of Parliament, James Kakooza and his driver are admitted at Mbarara Regional Referral Hospital after surviving a nasty accident along Masaka – Mbarara highway. Latif Zaake, the Southern Region Police Commander attributes the accident to speeding by the legislator’s driver, saying that he would have saved the motorcyclist if he was […]

Abdu Katuntu ‘trusts’ embattled Bagyenda

Abdu Katuntu ‘trusts’ embattled Bagyenda

The former Bank Supervision Director Justine Bagyenda is expected before the Parliamentary Bank of Uganda probe today. The committee on commissions statutory authorities and state enterprises extended Bagyenda’s summons when she failed to show up last week on Thursday. Bagyenda through her lawyers requested the committee allow her time to return from the United states […]

Kyambadde says fight between URSB and Uganda Police over counterfeits

Kyambadde says fight between URSB and Uganda Police over counterfeits

The Trade minister Amelia Kyambadde says  government intends to reintroduce the Anti-counterfeit bill in parliament. The Bill was introduced in 2015 with the aim of combating the importation and sale of counterfeit products on the Ugan­dan domestic market. But State Minister of Trade Michael Werikhe withdrew the Bill from Parliament in January, stating that there […]

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 […]