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MC Kats starts building house for Fille and his Kids

Katamba Edwin aka Mc Kats has  finally remembered that his life is not about the next party and he needs to build a house for his kids and the woman who beat him up, singer Fille Mutoni and has started building a house. In a bid to try to forget …

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MTN MoKash Subscribers Cross One Million Mark

Less than three months after MoKash was launched, MTN Uganda and Commercial Bank of Africa (CBA Uganda) today announced that the product has now signed up more than 1,000,000 customers, marking a remarkable milestone in the growth projections of the product. MoKash is a micro-savings and loans product that will …

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Who stole Crane Bank’s registration files from the Company registry?

The Uganda Registration Services Bureau (URSB) has asked the Criminal Investigations and Intelligence Department (CIID) to investigate the disappearance of the Crane Bank file from the registry.     The file, that contains the business details of Crane Bank, which was taken over nearly two weeks ago, was discovered missing …

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4 BILLION SHILLINGS HERITAGE CENTER: Prince David Wasajja to grace Mamba Clan Fundraising Dinner

The Mmamba Clan (Lung Fish) which is one of Buganda Kingdom’s largest Clans is planning to build a 4 Billion shillings heritage center at a place called  Nkaja off Entebbe road and the Chief Guest will be Prince David Wasajja, the Kabaka’s younger brother. It is believed that at Nkajja the Clan’s first …

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DFCU is safe, Bank rejects rumours of collapse

The management of DFCU Bank has clarified that the bank is financially solid. In a clarification issued on October 29, 2016, Bowmans, the bank’s lawyers, also said that contrary to our earlier reports over the weekend, there has not been a run on the bank’s deposits. Below is the Bank’s …

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

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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UBC in debts due to poor strategic operations planning

By Edgar Watema info@xrated.co.ug Despite being a Government owned media house, Uganda broad Casting Corporation (UBC) has been operating without a strategic plan for the last three years. A strategic plan is an organizational management guide that is used to set priorities, strengthen operations and resources to ensure that employees …

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Are well meaning fiscal reforms hurting Uganda’s Economy?

The recent takeover of Crane Bank Ltd- by Bank of Uganda (BoU) continues to generate buzz on mainstream media, social media and other various social and community platforms. One particular thread cutting through this buzz is that the economy is hurting and Crane Bank is only a symptom. Those who …

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

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

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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