Category «News»

BOU Closes National Bank of Commerce

Bank of Uganda has announced immediate takeover of the management of the National Bank of Commerce. This has been announced in a press statement issued by Dr. Louis Kasekende, the bank’s Deputy Governor. According to the statement, the bank’s license has been revoked and its customers will now operate their accounts in Crane Bank, beginning …

Centenary Park Demolition Halted

  Trade and Industry minister Amelia Kyambadde has halted the ongoing demolition exercise at Centenary Park. This is after Kampala Capital City Authority took over control of the now controversial park this morning as it moves to save the green belt. However, Kyambadde says the move is illegal since the set deadline of 30th September …

KCCA takes over Centenary Park, New taxi park

Kampala Capital City Authority has taken over Centenary Park as it moves to save the green belt. This comes about three days before the expiry of the 90 days that were given to the tenants by the city authority to vacate the park. However, the authority deputy spokesperson Robert Kalumba says this period has already …

Museveni warns on corruption

President Museveni says that corruption continues to be a major challenge as Uganda celebrates 50 years of independence. Addressing journalists at his home in Rwakitura, the president said that public service has been worst hit with the vice affecting service delivery. He however says that the fight against the vice is on and progress has …

Kazinda summoned by Court

The Anti-Corruption Court has issued criminal summons against Interdicted Principal Accountant in the Prime Minister’s Office, Geoffrey Kazinda. This is after he failed to appear in court this morning for mention of his case. His lawyer Augustine Idooti said he is on bed rest, recommended by Case Clinic. Kazinda together with three others were charged …