Kampala Capital City Authority (KCCA) is in shock after about 312 billion shillings meant to develop markets in the city went missing on the council’s bank accounts. KCCA has consequently established a committee comprised of councilors to investigate the whereabouts of the said money. Kampala Lord Mayor Erias Lukwago says that the committee is headed […]
The Directorate of Ethics and Integrity is in final stages of drafting a bill that will allow individual Ugandans to sue corrupt government ministers, president among other public officials. The bill against the corrupt will be called ‘’quintum bill 2012.’ The bill will allow individual Ugandans to provide information and the Attorney General will be […]
The Kabaka of Buganda Ronald Muwenda Mutebi II nowadays is interested in nothing but development. As usual the Kabaka is proving that he is a man of few words but actions. After making a joint deal with a Kampala Businessman Sebalamu to build ‘Freedom city’ shopping mall in Namasuba PWD zone, the Kabaka now wants […]
The governor bank ofUganda, Tumusiime Mutebile has informed the members of the public that all regulated financial institutions which include commercial banks, credit institutions and microfinance deposit taking institutions inUgandaare safe and strong and have the backing of the central bank ofUganda. Speaking to journalists at the Bank of Uganda headquarters inKampalatoday, Tumusiime said that […]
Stanbic Bank Uganda has started issuing bonus shares to some of its investors as the institution seeks to grow its capital base to match well with the Bank of Uganda capital requirement. This has come after the Capital Markets Authority (CMA) cleared Stanbic Bank last month to issue 5,118,866,970 shares to its listed shareholders. The […]
All councilors in Kampala at both division and LC5 are full of smiles after the city director; Jenifer Musisi cleared them to get loans from DFCU bank. This time there was no discrimination. All councilors irrespective of their political briefs have been given loans. The biggest number of councilors at KCCA is from NRM and the second […]