Author: Our Reporter
The Leader of the Opposition in Parliament, Joel Ssenyonyi, has criticized the politicization of the fight against corruption. Ssenyonyi made the remarks at Lukaya Parish Church in Kalungu District during the silver jubilee celebrations that were led by his Lordship, the Bishop of Masaka Diocese, Serverus Jjumba. According to Ssenyonyi, the public is missing out on desired service delivery, like good roads and health facilities, due to a few selfish and corrupt individuals. “My core mandate is to keep the government in check, and that’s why I don’t fear telling Prime Minister Robinah Nabbanja that things have gone out of…
The Management of Equity Bank Uganda Limited has opened war against possible fraud on stock loan and agent float financing. In a statement dated March 7, 2024, Equity Bank admitted possibilities of fraud within its services and said they have embarked on investigations regarding the matter. “The portfolio currently under investigation is approximately Shs65 billion out of a loan book of Shs1.9 trillion and is equivalent to 1.8% of Equity Bank Uganda total assets.” the statement by Equity reads in part. The bank said, it has since embarked on collaborations with some of its staff and customers to assist law…
Stanbic Bank has announced a three-year UGX500 million sponsorship of the renamed Stanbic Match Play Challenge. The event will span eight months, culminating into a grand finale slated for this October and feature both professional and amateur players. This comes after the partnership between Singleton and the Entebbe Club management came to an end late last year. Speaking during a news conference today, Sam Mwogeza, Executive Head for Personal and Private Banking at Stanbic Bank said, “We are thrilled to be partnering with our friends of Entebbe Golf Club to bring you what we believe shall be an exciting and…
MTN Uganda, through its charitable arm, the MTN Foundation, has today made a significant donation of tailoring, baking, and hairdressing equipment, alongside other vital resources valued at Shs 17,150,000, to the Nottingham Trent Skilling Center. This contribution marks a critical phase in the partnership with the Tusitukire Wamu Development Association, highlighting MTN Uganda’s commitment under its “Ambition 2025” strategy to foster digital innovation for national progress. The partnership embodies the strategy’s theme, “Together, We’re Unstoppable,” and demonstrates a profound commitment to community empowerment and technological advancement. The donation is part of the MTN Changemakers program, launched in July of the…
The Uganda Law Society (ULS) has challenged the Parliament of Uganda to explain circumstances under which commissions rewarded themselves over 1 billion Uganda shillings. These concerns follow the unpopular allocation of a Shs500 million ‘service award’ to former Leader of Opposition, Mathias Mpuuga, labeling it as an “illegal charge” on the Consolidated Fund of Uganda. According to ULS President Bernard Oundo, such financial disbursements require parliamentary approval through a Bill or motion introduced by the Executive arm of government, as stipulated in Article 93 of the Constitution. Highlighting the absence of any official proposal or motion regarding the service award,…
European Investment Bank (EIB Global) and Centenary Rural Development Bank Ltd (“CERUDEB”) have today announced the agreement to make €100 million available to private sector enterprises, with a focus on female borrowers and microenterprises in rural areas. This investment represents EIB Global’s largest ever microfinance loan to any country in the African, Caribbean and Pacific (ACP) regions. The final beneficiaries are micro-entrepreneurs or micro-enterprises with less than 10 full time employees. The investment also aims at supporting lending to financially underserved entrepreneurs in rural areas as their businesses continue to recover from the COVID-19 pandemic. 60% of the funding shall…
The Inspector General of Police Martin Okoth Ochola has today secretly handed over the office of the Inspector General of Police to his Deputy Maj. Gen Tumusiime Katsigazi after the expiry of his Contract. The handover function was held at the Police headquarters main board room in Naguru a Kampala suburb. According to the sources, the closed handover was attended by few people, and the media was not allowed to attend as usual. “Actually the handover took place at the same time when Afande Enanga was supposed to address the press on weekly security updates,” Says a police source adding…
In a bid to promote media rights in the country, the Uganda Law Society (ULS) has expressed its intentions to establish a pro bono fund for journalists across the country. Pro bono refers to services that are rendered by a professional for free. This information was revealed by the President of the legal fraternity Bernard Oundo during the Editor’s Guild Dinner on Friday 23rd/February/2024 at Golden Tulip Hotel in Kampala. This event was organized by Metropolitan Republic in Partnership Stanbic Bank, Uganda Law Society, Uganda Airlines. According to Oundo, this is the only way the Law Society can promote press…
The plight in Lango Sub-region seems to be getting to an end following government’s commitment to build the famous Aki Bua stadium in Lira City. According to the State Minister for Sports Hon. Peter Ogwang, The plans have been finalized. He says a memorandum of understanding has been signed between the government of Uganda and a foreign contractor to have the multimillion project constructed in less than 20 months. “Plans to construct Aki Bua Stadium in Lira City have been finalised after we signed a Memorandum of Understanding with the Joint Venture of Khator Sports and SAMCO to construct the…
Facts: On 6th May, 2022 there was a meeting of the Parliamentary Commission attended by Ms. Anitah Among, Hon. Mpuuga and the three NRM Commissioners of Parliament. This was two months after Hon. Zaake was illegally removed from that position. In that meeting, these leaders awarded themselves a collective amount of 1.7 billion shillings. Hon. Mpuuga was allocated 500 million shillings, while the three others were each awarded 400 million shillings. It was not until the minutes of the Parliamentary Commission were ‘leaked’ to the public almost two years later, that we all got to know about this. Upon return…