The News Today

ANALYSIS: Why President Yoweri Museveni’s behind- the-scenes-maneuvers to save Sudhir’s bank hit a snag  On Oct.10, President Yoweri Museveni directed the Prime Minister Dr. Ruhakana Rugunda to find an immediate solution to Crane Bank’s problems with the Bank of Uganda (BoU). Apparently, this was expected to mark an end a …

 Kampala city vendors vow to defy minister. Should we support them in fight against politicians, traders? Kampala Capital City Authority (KCCA) councilors meeting at City Hall on Oct. 24 resolved to allow evening hawker markets on some city streets. The move was a triumph for embattled city Lord Mayor and …

Jérusalem, Undefined | AFP | Preservation experts have opened for the first time in at least two centuries what Christians believe is Jesus’s tomb inside the Church of the Holy Sepulchre in Jerusalem. Some of the historic work was witnessed by AFP photographer Gali Tibbon who captured images of the …

  Brazil mutant mosquitoes to breed out diseases Piracicaba, Brazil | AFP |  Scientists in Brazil are preparing to release millions of factory-bred mosquitoes in an attempt to wipe out their distant cousins that carry tropical diseases. The insects’ method: have sex and then die. British firm Oxitec says its …

  COVER STORY: How Crane Bank fell – Why President Yoweri Museveni’s behind – the-scenes-maneuvers and directives to Prime Minister Dr. Ruhakana Rugunda to save Sudhir’s bank hit a snag. Lessons for Uganda from the failure of Crane Bank and what should be done going forward. THE LAST WORD: Bringing …

Following a series of speculative social media posts, Nakumatt Holdings has come out to say that “despite a number of unforeseen business challenges”, they are undertaking reforms and seeking financing that will stabilize their operations across East Africa. “We wish to reassure all our stakeholders that the business is solid despite …

Paris, France | AFP |    Nearly three-fifths of all animals with a backbone — fish, birds, amphibians, reptiles and mammals — have been wiped out since 1970 by human appetites and activity, according to a grim study released Thursday. On current trends, that plunge in stocks of global wildlife …

The Constitutional Court has dismissed an  application filed by a concerned citizen that had sought to block government from giving sh150 million to each Member of Parliament (MP) to enable them purchase personal cars. Justice Richard Buteera ruled that the petitioner Twaha Sanywa had failed to demonstrate to court how him …

Paris, France | AFP | A labelling error and reckless media hype in the 1980s led to unjustly branding a gay airline employee as “Patient Zero” in the US AIDS epidemic, scientific and historical sleuthing detailed Wednesday. The deadly virus, which has claimed more than 650,000 lives in the United …

Locked up mineral wealth, fortunes: President Museveni, mineral experts, policy makers exchange ideas on way forward for Uganda’s dormant mineral industry prospects Early this month, Uganda hosted the fifth Mineral Wealth Conference, which was organized by the Uganda Chamber of Mines and Petroleum (UCMP) under the theme, “Attracting Exploration Investment …