NEWS

Kampala, Uganda | THE INDEPENDENT | The closure of Crane Bank by Bank of Uganda was illegal. This is according to a report by the committee on Commissions, Statutory Authorities and State Enterprises -COSASE. The report indicated that an analysis of the Bank’s liquidity from 1st January to 24th January …

Kampala, Uganda | THE INDEPENDENT | The Permanent Secretary Ministry of Gender Pius Bigirimana has sued the Uganda Land Commission over a debt arising from land purchase. According to the documents filed before the Civil Division of High Court, Bigirimana says that on July, 22nd 2015 he sold his land located …

Kampala, Uganda | THE INDEPENDENT | Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has recommended that Central Bank officials involved in the sale of loan portfolios for five defunct banks be held personally liable. The banks include International Credit Bank, Greenland Bank, Cooperative Bank, Global Trust Bank …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda should take full responsibility for any likely loss resulting from the closure of Greenland Bank. This is according to a report by Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE). Greenland Bank was in 1999 put under liquidation by …

Kampala, Uganda | THE INDEPENDENT | FINASI International will pocket Sh8 billion annually as interest for six years for the construction of the proposed International specialized Hospital in Lubowa in Wakiso district. The Committee on the National Economy is currently scrutinising government plans to guarantee a loan of Shillings 1.3 …

Kampala, Uganda | THE INDEPENDENT | Pope Francis will not be coming to Uganda this year.  This is according to the Uganda Episcopal Conference Secretary-General Msgr John Kauta. The Roman Catholic Church, through President Museveni, had invited the Holy Father for the golden jubilee celebration of the Symposium of Episcopal …

Kampala, Uganda | THE INDEPENDENT | Police has issued criminal summons to socialite Shanita Namuyimba alias Bad Black for allegedly abusing president Yoweri Museveni on social media. The summon, which is signed by Joseph Obwona, the Deputy Director Criminal Investigations Joseph Obwona requires Bad Black to appear before the criminal …

Kampala, Uganda | THE INDEPENDENT | A section of National Resistance Movement (NRM) Members of Parliament have threatened to drag the party’s Central Executive Committee (CEC) to court over a resolution endorsing President Yoweri Museveni as the party’s candidate for the 2021 polls. The sole candidature resolution was reached on …

Kampala, Uganda | THE INDEPENDENT | The Legal and Parliamentary Affairs Committee has directed the Attorney General, William Byaruhanga to give an opinion on whether the proposed National Local Content Bill, 2019 conflicts with the regional Protocol. The objective of the Bill is to guarantee priority and exclusive use of …

Kampala, Uganda | THE INDEPENDENT | The Electoral Commission has lifted the ban slapped on Citizens Coalition for Electoral Democracy (CCEDU). in July last year. The lifting of the ban was announced on Thursday in a letter signed by Electoral Commission chairperson, Justice Byabakama Simon after a meeting with CCEDU representatives. …