Seven Killed in Attack on Coptic Christians Bus in Egypt

egypt

Seven were killed and at least 7 were wounded after unknown gunmen shot at a bus transporting a group of Coptic Christians in Egypt’s Minya governorate on Friday, Al Ahram reports. The bus was heading to the Monastery of Saint Samuel the Confessor located in the western desert. No group claimed responsibility for the attack. Last year, gunmen attacked a bus carrying Coptic Christians in the same area which killed 28 people and wounded 25 others. President Abdel Fattah El Sisi released a statement on Twitter condemning the attacks. He…

Read More

Tororo District Deposited Shs267m On Kasekende’s Account

BOU-Deputy-Governor-DR-Louis-Kasekende-1

The Deputy Governor Bank of Uganda, Louis Kasekende received a whooping US $71,110 (appox (Shs267 million) from Tororo district. This unexplained action as left some leader perplexed and without answers. The said money was deposited on a joint account number 8700110288700 Standard Chartered bank Speke Road in the names Louis and Edith Kasekende on May 18, 2018.According to the documents seen by Eagle Online, the leaders want to establish purpose the said money. “We are shocked that the said money wasn’t even discussed in council and no one bothered to…

Read More

Kasekende Moved Shs897m Via Mobile Money In 9 Months

Louis-Kasekende-compressed-1024x630

Bank of Uganda Deputy Governor Dr. Louis Kasekende transacted over Shs897.060 million through the mobile money platform for the period June 30, 2017 to March 30, 2018, aleaked document from a local telecom services provider has revealed. Kasekendtransacts over Shs3.3 million on the daily basis. During the period, he received over Shs443.808 million from his family and his farm manager Bagonza Kasekende. In the same period, Kasekende sent out over Shs305.734 million (2017) and about Shs136.965 million (2018). The document indicates most of Kasekende’s payments went towards clearing utility bills…

Read More

Justine Bagyenda ordered DFCU to keep Crane Bank’s bad loan book secret

BAGYENDA

It has come to light that former Executive Director in charge of Supervision Ms. Justine Bagyenda, while still at the central bank ordered Dfcu executives to keep Crane Bank’s bad books off the records. This shocked parliamentary committee  while investigating Bank of Uganda (BoU) top officials on the seven closed banks, “The assets acquired and liabilities assumed will be reported separately from DFCU’s balance sheet for the 31st January 2017 end of month reporting to BoU. The first consolidated balance sheet will be that of 31st march 2017,” Bagyenda wrote to…

Read More

President Yoweri Museveni commissioned six industries at the Namanve Industrial Park

sevoo

President Yoweri Museveni has said that the factories that are being built in the country are a testimony of the strategic National Resistance Movement’s development plans and policies. The President made the remarks yesterday after he commissioned 6 newly established manufacturing concerns namely Orion Transformers and Electrics Limited, Toyota Uganda Limited, Alfasana Uganda Limited, Interior Technologies Limited, Steel and Tube Industries and Luuka Plastics and Packaging Limited all situated in the Namanve Industrial Park, Wakiso district. The President said that from the beginning, the NRM has been telling Ugandans that…

Read More

Senior Golf Challenge at the Kabale Golf Course this weekend .

Uganda Senior Golfer Society Chairman Jackson Karagokwe(c) With Executive Members At The Official Launch Of The 2018 Kabale Senior Golfers Challenge

  Uganda-Senior-Golfer-Society-Chairman-Jackson-Karagokwec-With-Executive-Members-At-The-Official-Launch-Of-The-2018-Kabale-Senior-Golfers-Challenge .By Peacock Kaweesa) The senior golfers  challenge  is happening this weekend as old  men and women, aged 55years and beyond paint the  green western country side   also debut as the Switzerland  of  Africa at  the nine-hole golf course.This Saturday, senior golfers will be competing at the  2018 Kabale Senior Golf Challenge at the Kabale Golf Course. The Uganda Senior Golfing Society has finalized all the arrangements to host the biggest golf tournament in the western arm including Kasese, Mbarara and Rwanda. Addressing journalists at the tournament official launch…

Read More

Sekabembe Dumps KCB Bank TO Stay At Struggling DFCU Bank

seka

In what looks like a last minute change of mind, William Sekabembe who had resigned his job as DFCU Bank’s Chief of Business and Executive Director after receiving an offer to head KCB Uganda has chosen to stay with struggling bank. In a letter date September 5, 2018 and addressed to Head of Human Resource at KCB Bank, Sekabemebe regretted that he couldn’t take the job offer of Managing Director.“I would like to give my appreciation for the recent Managing Director job offer with KCB Limited. However, after careful evaluation,…

Read More

Mutebile, Kasekende Under Probe Over Corruption

Mutebile-Vs-Kasekende

Fresh rumour making rounds is that the Inspector General of Government has started to investigate Governor Bank of Uganda and his Deputy Louis Kasekende over corruption and abuse of office. The two high ranking officials of the central bank ‘are believed to have acquired multi-billion properties in upscale Kampala areas, Wakiso among other strategically located areas.’ The IGG is believed to interested in finding out their source of money to buy prime assets in question including huge chunks of land in the city and very expensive posh cars.Mutebile and Kasekende…

Read More

Celebrations to take place over 6 months under the theme “Celebrating the past, inspiring the future”

Wim Vanhelleputte MTN CEO explains the 20 year celebration as Lui Jiawei MD Huawei Uganda & Isaac Sekasi from Nile Breweries Limited look on

Uganda Breweries Limited (UBL)and its spirits plant, International distillers Uganda have  marked 6 and 11 years of “No Lost Time Accident” respectively. “Lost-time accidents” are defined as work related accidents or injuries that require employees to take time off from work. These kinds of accidents are common place in plants where heavy machinery is operated such as a brewery. “We are extremely proud of our employees for making this significant accomplishment of completing 6 and 11 years without a lost time injury despite working in high risk accident prone environments.  These…

Read More

DFCU MD Juma Kisaame Grilled Over 1.8bn Spent on Building

juma kasami

Juma Kisaame the Managing director of the embattled DFCU bank has come under fire over for spending shs 1.8bn to construct a one stored building. According to a source at the bank, the management last month held an emergency meeting at the bank Headquarters on Kyadondo road and top on the agenda was Kisaame’s expenditure of a whooping shs 1.8bn on a one stored building. The said building is located in Namanve industrial park and was supposed to act as DFCU Financial center. A source says the building is believed…

Read More