Author: Johnson Thembo
Information related to the closure of one of biggest commercial banks (DFCU) has for some times been circulating on different media Houses something that has caused curiosity from the bank management, clients and the general public. Speaking in an exclusive Interview, Elly Karuhanga Board Chairman DFCU limited responded and rubbished these claims describing them false and baseless. He said that DFCU is firm and solid as a rock. It should be noted that one of the shareholders Commonwealth Development Corporation (CDC) Group recently communicated its intentions to cash in after 54 years of investment in the Bank. CDC, which owns…
The Leader of opposition in Parliament Hon. Winnie Kiiza has decried the rate at which government continues to exploit citizens. Kiiza says It is unfortunate the leaders to think that the population should continue feeding a system that has continued to plunder their resources. “The question of the day is, why pay more taxes when there is no accountable for what has been so far paid in the past?!” Winnie asks. The Kasese woman lawmaker adds that the citizens need accountability in form of service delivery so that they get the confidence that taxes are worth citing that he breach…
“I hear young people gossiping about age limit, yapping how Museveni is tired, Is beyond the age of leading Uganda, bla bla. After all those years he has sacrificed for this country? Well I’m almost 70 years now, do I look stupid and hopeless to you? When I look around, You are all my children but You want us to leave, where do you want us to go? Because we are old, how do you want us to leave you our children? I be served in the army for over 45 years, I know how a country can be like…
Uganda journalists are promoting digital tools to keep people with albinism involved in a fight for equal space, prevention of stereotype, stigma, segregation and ruthless murder instigated by lack of information on issues surrounding albinism. This was revealed during the launch of www.pats-journal.com, as the country’s first online news platform aimed at inspiring people with albinism share their stories of hope, struggles, resilience and success in life with a notion that they too are human. “This is an important milestone as far as sharing information is concerned” said the, Rt. Hon Rebecca A. Kadaga, the speaker of the Parliament of…
Arise has today confirmed that it will retain its investment in DFCU limited. According to arise Chief Executive Officer Deepak Mali, Arise has no intensions of relinquishing its shareholding in dfcu limited as incorrectly reported in some media houses. Arise has always been supportive to the growth and development plans of dfcu bank evidenced in the USD 50 million bridging finance it provided in 2017 to diversify its offerings to the clients and make banking more accessible to the public. “The partnership between Arise and dfcu bank speaks directly to the mandate of Arise, to collaborate with the local Financial…
For over 50 years, the bank has provided funding to thousands of development projects in the private sector using its flagship products; including term loans, home loans, commercial mortgages and leasing. This has been revealed by George Ochom, General Manager, Dfcu Limited. Dfcu Bank one of the leading commercial banks in the region reaffirms that the strength of its shareholder base and financial institution is well positioned for growth. Dfcu was established in 1964 with the aim of creating a commercially operated development organization to support the economic transformation of Uganda. “We have invested in an ultra-modern head office building…
The executive director of the Uganda Media Center Ofwono Opondo has apologized to Ugandans for the government’s failure to organize LC elections. Speaking while appearing on the Capital Gang on Saturday morning, Ofwono said that its really regrettable to find that villages have been governed by illegal leaders for about two decades. He however calls upon all Ugandans to participate in the forthcoming elections citing that renewing the mandate of LCs is paramount and will help with community harmony, security, and acquisition of public works among others. “We need to deal with rural poverty, these local leaders will be working…
The minister of Justice and constitutional Gen Kahinda Otafiire has lauded deserted police officer Muhammed Kirumira for helping to expose the rot within the Uganda police force which has led to a series of arrests of senior officers. Otafiire made the remarks during the commemoration of the Anti- Torture day with the main event held at Old Kampala Playground in Kampala warning police against misuse of power which leads to torture. “When Muhammad Kirumira said there was something wrong with his establishment, people were wondering whether he had not gone out of his mind. Current events show that there was…
Former presidential aspirant Dr. Abed Bwanika has called upon the Uganda government to regulate people seeking duo citizenship especially those from the East African region. Speaking during the CBS FM weekend radio talk show, Bwanika said this has become security loophole for criminality since people after committing crimes here, easily run back to their countries and hide. Putting an example on South Sudan or any other country like Tanzania or Rwanda, Bwanika states that there is no way the state can talk of streamlining the security when some people including those holding top government offices are both Ugandans and ‘Rwandese,…
President Yoweri Museveni has said that the potential for cooperation between China and Uganda is so vast with many investment opportunities in agro-processing, mining and industrialization sectors. The President made the remarks in a meeting with the visiting Chinese Hunan Province Governor Xu Dazhe and his delegation that called on him on Thursday evening at State House, Entebbe. He informed his guests that Uganda produces a lot of coffee, fruits, cassava and sim-sim and wants to set up industries to process the food products to add value and create job employment opportunities. “The potential for cooperation between China and Uganda…