The Bank of Uganda has announced that Stanbic bank Uganda Limited was the best performing primary dealer in Uganda government securities during the month of August 2012.

The governor bank of Uganda, Tumusiime Mutebile also announces that for the previous 12 months the best performing primary dealers in Uganda security exchange were:

August 2011 Stanbic Bank

September 2011 Stanbic Bank

October 2011 Stanbic Bank

November 2011 Standard Chartered Bank Uganda Limited

December 2011 Stanbic Bank Uganda Limited

January 2012 DFCU bank Uganda Limited

February 2012 Stanbic Bank Uganda limited

March 2012 Standard Chartered Bank Uganda Limited

April 2012 Standard Chartered Bank Uganda Limited

May 2012 Standard Chartered Bank Uganda Limited

June 2012 Stanbic Bank Uganda Limited

July 2012 Stanbic Bank Uganda Limited

Ends

The post Stanbic bank declared best performing bank first appeared on Uganda Multimedia News & Information.

Some people around the country have been baffled and wondering where the legal advisor of DP, Mukasa Fred Mbidde is getting all the money he is splashing in town.

Many people have been overheard alleging that Mbidde gets the money from statehouse, fraud and others claim that the young lawyer receives money from homosexuals.

 But our reporters have learnt that Mbidde doesn’t get the money from any of these sources. We have learnt that Mbidde who owns a series of vehicles and houses in town has two main sources where he gets the dime.

 One is that Mbidde is a land dealer and property blocker. He goes to Europe, china and Middle East and persuades investors to come to Uganda after convincing them that land in Uganda is cheap yet the market for their products is largely available.

So when they come, Mbidde connects them to big people in government who also connects them to the president. On this deal Mbidde gets the commission in dollars. Another source of money for Mbidde is his law firm of Mbidde and company advocates.

When asked whether he gets money from statehouse he had this to say, “I earn more than an ordinary Uganda minister per month, does it mean that statehouse loves me more than ministers or any of this official?’

The post Where Mbidde gets the money? first appeared on Uganda Multimedia News & Information.