Bank of Uganda Finalises Liquidation of GTB, International Credit Bank

Bank of Uganda (BoU) has announced that it has finalized the liquidation process of two defunct commercial banks as required by law. Liquidation is a process of permanently closing a bank and its branches, selling off any assets and using the proceeds to settle as many of the banks remaining liabilities as possible. In a statement issued by BoU Governor…

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Anne Juuko Replaces Patrick Mweheire as Stanbic Bank CEO

Uganda’s Anne Juuko has been appointed by Stanbic Bank Uganda Board of Directors as the new company’s Chief Executive Officer (CEO) replacing Patrick Mweheire who has been appointed to serve as the Regional Chief Executive, Standard Bank Group. At the time of her appointment, Juuko has been working as the head of Corporate and Investment Banking at Standard Bank, Namibia…

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Miss Uganda North America, Vanessa Nansamba in the Country to Fight Mental Health Stigma

Miss Uganda North America, Vanessa Nansamba and Miss Oregon USA, Katerina Villegas have arrived in the country for the third 2020 Cares Tour of Uganda organized the Miss Uganda North America Foundation. The duo who arrived in the county over the weekend have been joined by Uganda’s Miss Tourism, Phiona Kyeru will be visiting Murchison Falls, Buganda Kingdom for cultural…

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Presidential, Parliamentary Nominations Extended to October

The Electoral Commission has considered extension of nomination period for Presidential and Parliamentary elections from August to October, 2020. The review in the road map has been communicated by the Chairman Electoral Commission, Justice Simon Byabakama upon request by members of Parliament sitting on the Legal and Parliamentary Affairs committee. According to the EC road map that was drawn in…

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40 MPs Push for Gen. Tumwine’s Censure, Bobi Wine Shies Out

Kasambya County Member of Parliament (MP), Mbwatekamwa Gaffa has refuted allegations that he bribed to withdraw the censure motion against the Minister for Security, Gen. Elly Tumwine. He made the revelation while addressing journalists at parliament were he revealed a list of members of parliament who signed for the motion. The list Mbwatekemwa displayed to the media indicate that only…

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Victoria University Signs MOU with Gujarat Universities for Collaborative Interests

The Minister of State for Education Department, Government of Gujarat State-India, Vibhavariben Dave has signed a memorandum of understanding with Victoria University owned by Cuty Tycoon, Sudhir Rupareria which is aimed at strengthening collaborations within the education sector. The Minister came into the country in a company of the Permanent Secretary Ministry of Education, Anju Sharma and representative of 16…

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Red Top Brigade Movement Youth Attack Parliament

Two Youth from the Red Top Brigade Movement have on Wednesday attacked Members of Parliament in their chambers accusing Parliament of being the pivot of corruption in the country. The attack happened while Parliament plenary was in session and members were debating a statement from the Minister of State for Lands, Persis Namuganza. These two were seated in the stranger’s…

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MPs Withdraw Motion Censuring Gen. Tumwine

Members of Parliament have withdrawn a move to censure motion with the excuse of the low turn up of their colleagues to pen their signatures as the deadline draws closer. Accusations against Gen Tumwine that led to the censure motion include; arrogance, interfering with the work of Parliamentary Committee that was investigating torture in Safe Houses and stopping the Director…

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Museveni Rallies Afro-American Investors to Invest in Real Estate

President Yoweri Museveni has encouraged African American investors to interest themselves in setting up Real Estates around the different industrial parks in the country. The President made the call while meeting a delegation of African Americans from Capital Brand Bizz represented by Michael Broughton, Mark Hernandez and Damiano as well those from Impact Brands Inc at Liao Shen Industrial Park…

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