DFCU CHAIRMAN, JIMMY MUGERWA CONNIVED WITH BAGYENDA TO HIDE CRANE BANK BAD LOAN BOOK RECORDS

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As a parliamentary committee started quizzing Bank of Uganda (BoU) top officials on the seven closed banks, classified information indicates that former Executive Director in charge of Supervision Ms. Justine Bagyenda, while still at the central bank connived with Dfcu executives led by Bank Chairman, Mr Jimmy Mugerwa to keep Crane Bank’s bad books off the record as a way of sweeping their dirt under the carpet since the deal was done. The bad books are records indicating details and securities of people that take loans from any lending institution.…

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Govt Clears Victoria University On Oil & Gas  Training Project

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Dr.Sharma (M) is joined by other officials to celebrate an award they won recently. By Kitts D.Mabonga As  the country prepares to reap big from the much anticipated Oil and Gas exploration program of which many look at as a new economic income turning point , many still  expressed concerns about the country’s  almost zero sector  human resource capacity potential in  as far as jobs for Ugandans is   concerned. However the government has reassured the country that plans to help train hundreds of locals in this new sector have been finalized…

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Bagyenda Who Is Being Investigated For Money Laundering Misses FIA Board Job

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Four of the five incoming members of Financial Intelligence Authority (FIA) board of directors were sworn in on Tuesday. However controversial Justine Bagyenda, the embattled former supervision director at Bank of Uganda, was a no show confirming reports that she had been dropped. New FIA board chair, former Central Bank governor, Leo Kibirango said shortly after being sworn said a replacement for Bagyenda is being sought and will be announced soon. Finance Minister Matia Kasaija presided over the function swear in the much needed board. He commended the FIA board…

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Why Uganda is the Best Investment Location in Africa

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Uganda enjoys a unique location at the heart of Sub-Saharan Africa within the East African region and lies astride the equator. The country is bordered by Sudan in the north, Kenya in the east, the United Republic of Tanzania in the south, Rwanda in the southwest and the Democratic Republic of Congo in the west. This land linked position, gives the country a strategic commanding base to be a regional hub for trade and investment. Uganda enjoys pivotal trade partnerships that create a viable market for business. A potential investor…

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Shocking: P7 candidate dumps baby in pit latrine

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On Friday, thousands of primary seven candidates across the country converged at their schools for the briefing exercise ahead of exams next week. However, seven pupils of Osudo-Kamuda Primary School in Soroti district missed the exercise. Out of 37 pupils that registered for Primary leaving Examinations (PLE), only 30 pupils turned up for briefing according to the school head teacher, Tom Egatu. One of the seven who have missed briefing is a 17 year-old girl who delivered a baby girl and allegedly dumped it in a pit latrine at the…

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Archbishop Lwanga: Church tithe should be deducted from monthly salaries

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The Archbishop of Kampala archdiocese, Dr Cyprian Kizito Lwanga has proposed that the central government should start deducting 10 per cent tithe from monthly salaries of Catholic believers. Archbishop Lwanga during a Sunday mass at Lubaga Cathedral revealed that many Catholics do not pay the tithe, which slows down church work. “We lie to God that we pay church tithe off our monthly salaries. During a mass like this, when time to pay the tithe reaches, Catholics just pick whatever they get from their pockets and give in, but the…

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Stella Nyanzi arrested for allegedly insulting Museveni’s mother

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Detectives from the Directorate of Criminal Investigations headquarters Kibuli have arrested a Makerere University researcher Dr Stella Nyanzi on allegations that she abused President Museveni and his mother. Dr Nyanzi was arrested at Makerere University on Friday and she has been driven to Special Investigations Division headquarters at Kireka where she is currently detained. She was at Makerere to protest the University’s failure to reinstate her as a researcher at the Makerere Insititute of Social Research. Dr Nyanzi was suspended from Makerere University in 2017 for reportedly refusing to teach…

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Uganda vaccinates health workers against Ebola

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Uganda’s health ministry announced on Friday it would vaccinate its health workers closest to the Democratic Republic of Congo (DRC), against Ebola. The East African nation has been on high alert, amid fears that the viral haemorrhagic fever could spread from DRC which is battling an outbreak. Parts of Uganda’s western border are about 100 km (62 miles)from sites of an Ebola outbreak taking place in Congo. Health Minister Jane Ruth Aceng said authorities would administer about 2,100 vaccinations covering so called frontline health personnel working in districts near the…

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Cameroon’s Biya to take seventh oath on November 6th

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President-elect of Cameroon, Paul Biya, will take his oath of office on November 6, 2018. Earlier reports including by state-run CRTV said the investiture was slated for Friday, November 2, to coincide with the reopening of the ordinary session of both chambers of the legislature. The swearing in normally takes place before a joint sitting of the legislature in the capital, Yaounde. Both houses of parliament were reconvened after a break for the October 7 elections. Biya’s investiture for a seventh straight term was reported to be the highlight of…

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Tunisian activist Aya Chebbi appointed African Union’s Youth Envoy

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Tunisian activist, Aya Chebbi was on Thursday appointed the first ever African Union (AU) Youth Envoy, a position created to mobilise young people across the continent towards the pursuit of Agenda 2063. Chebbi, a Pan-African feminist from Tunisia, who shot to global fame as a blogger during the 2010 Arab Spring in her country, will work with a Youth Advisory Council comprised of members from across the continent. ‘‘She will advocate, and raise awareness on, the implementation of the Demographic Dividend Roadmap,’‘ reads part of the AU statement on her…

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