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Our Reporter

How Loan defaulters Bitature, Shumuk,Wavamuno and Nakumatt’s Amina led to the collapse of Sudhir’s Crane Bank

Sudhir Ruparelia

With loans they have failed to pay almost equal to the amount of money, Crane Bank needed to raise to save itself from being taken over by Bank of Uganda, 4 Kampala Tycoons have been fingered as the people behind the failure of their counterpart Sudhir Ruparelia’s Crane Bank to …

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Uganda Police bans Ministers,Generals and civilians from forcing other roadusers to giveway

General Kale Kayihura

Police has issued strict directives on car sirens and formed a squad to impound cars of that don’t have right of way. It is only the President, Chief Justice, Speaker and Deputy Speaker, Vice President, Prime Minister, Ambulances, Police vehicles on duty and fire brigade cars that have right of …

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President Museveni appoints his Personal doctor as Ministry of health Boss

dr-diana-atwine

President Yoweri Museveni has appointed his personal Doctor Dr Dian Atwiine as the Permanent secretary in the ministry of health. She has since 2009 served as director State House Health Monitoring Unit. Without giving detail, Atwiine on Friday confirmed the appointment.   Dr. Atwine is a Physician (Specialist in Internal …

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Bank of Uganda defends Sudhir on being Crane Bank’s Landlord

Bank of Uganda's Director of Research Dr Adam Mugume

Bank of Uganda has defended Sudhir Ruparelia’s control of all Crane Bank buildings through his Meera investments and Crane Management services, which is a controversial revelation that came up as Crane Bank troubles started. According to Bank of Uganda’s Director research Dr. Adam Mugume, the Regulator doesn’t see what is …

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URA and Bank of Uganda officials should be arrested over Crane Bank mess – Nandala Mafabi

Nathan Nandala Mafabi

FDC secretary General Nathan Nandala Mafabi has called for an investigation and the arrest of officials at Uganda revenue Authority and Bank of Uganda for failing to see the Crane Bank Mess Coming. Speaking on NBS’s frontline, the Budadiri West MP said the two organisations failed Ugandans. ”How could Bank …

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NSSF Refutes Claims of Buying Shs900bn Mall in Nigeria

byarugaba1

The National Social Security Fund (NSSF) has refuted reports that have been circulating that it is planning to buy a Shs900bn shopping mall in Nigeria. In a statement released on Wednesday October 26, NSSF Head of Marketing and Communications, Barbra Teddy Arimi clarified that the NSSF only invests within East …

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Here is what the new manager at Crane bank will be doing

crane-bank1.jpg

On the 20th of October 2016 , Bank of Uganda suspended the Board of Directors of Crane Bank Uganda limited and took over management of the bank. On the same day Bank of Uganda appointed a statutory manager of the bank. But what exactly does the statutory manager do; Section …

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Kenyan President Uhuru Kenyatta’s first Born Jomo Marries Musoga girl from Uganda

jomo-afraha

By now, you all know that the President’s oldest son, Jomo Kenyatta is reported to have tied the knot with his fiancee. The question on everyone’s mind is, who is this mysterious damsel who has stolen the heart of President Uhuru Kenyatta’s son? It turns out the girl Achola Fiona …

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Kasiwukira widow Nabbed Fleeing the country!

sarah-nabikolo

The immigration department at the border in Busia has intercepted Sarah Nabikolo the widow of the late Kampala businessman Eriya Bugembe aka Kasiwukira as she tried to cross into Kenya. Busia District Police Commander, Nelson Nahabwe, confirmed the interception and the brief detention of Nabikilo. “She was moving to Mombasa,” …

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