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The Independent

Auditor General names gov’t money swindlers

 By Peter Nyanzi Racket involves officials in Bank of Uganda, Ministry of Finance, Accountant General’s Office, Treasury AG recommends prosecution, recovery of billions from private companies, Centenary Bank, district officials, army veterans and other individuals Probe could lead to wide ranging reforms in how ministries manage public funds Government awaits …

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DP tips on OPM scam

By Aloysious Kasoma The Democratic Party (DP) has asked  Prime  minister Amama Mbabazi to resign over the loss of more than Shs 15 billion in his office, party officials said  at press conference in Kampala on Oct. 30. Jude Mbabali, the party spokesperson said Mbabazi should be liable for what is …

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Record Television dragged to court

By Julius Odeke Former workers of Record Television have dragged the management of the troubled Record Television Uganda to court over charges of violating workers’ constitutional rights. The top managers of Record Television will on November 8, 2012 appear at Kampala High Court before Lady Justice Elizabeth Musoke to defend …

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BoU sets November CBR to 12.5%

By Julius Businge The Bank of Uganda has reduced the central bank rate (CBR) to 12.5% in November from 13% in October with the aim to influence cuts in commercial bank lending rates and boost economic growth, central bank governor Emmanuel Tumusiime Mutebile told reporters in Kampala on Nov. 1. …

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Denmark’s Cuts Aid to OPM

By Sarah Namulondo The Ambassador of Denmark H.E. Dan E. Frederiksen has today announced Denmark’s decision to cutting all funds going to the office of the Prime Minister (OPM). On behalf of his Country, the Ambassador said that Denmark has zero tolerance towards corruption and the cutting of the funds …

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