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ROT IN BANKS! DFCU Bank on spot for forcing client to repay 13year mortgage loan in 2years, refuses to hand over his property titles

ROT IN BANKS! DFCU Bank on spot for forcing client to repay 13year mortgage loan in 2years, refuses to hand over his property titles

A client has accused DFCU Bank of forcing him to pay their initial 13 year mortgage loan in only two and a half years but only to hold onto his property titles.

Ultimate Uganda

Queen Sheebah taking a break: Is it a Risky Move for Ugandan artistes?

Queen Sheebah taking a break: Is it a Risky Move for Ugandan artistes?

September 25, 2024 | Ashraf Habib

Ultimate Uganda

Stars linked to P Diddy – Justin Bieber, JLo, Jay-Z, Usher and Khloe Kardashian

Stars linked to P Diddy – Justin Bieber, JLo, Jay-Z, Usher and Khloe Kardashian

Hip-hop mogul P Diddy is known for his lavish White parties and massive birthday bashes and has rubbed shoulders with a lot of famous A-list stars over the years

Ultimate Uganda

Government projects uniform fuel prices by December

Government projects uniform fuel prices by December

Government has said it expects fuel prices to be uniform or have slight variances in about three months, a key discussion point since government took over as the sole importer and supplier of oil products. Responding to Monitor inquiries regarding the slow reduction in fuel costs among b

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NSSF savers to get 11.5% interest 

NSSF savers to get 11.5% interest 

Contributors to the National Social Security Fund (NSSF) will receive 11.5 percent interest they earned this year, Finance minister Matia Kasaija announced Thursday. "As per Section 36(2) of the NSSF Act (Cap 230), for the Financial Year 2023/24, I declare an interest rate of 11.5 percen

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Clearing Agents Convicted Over Fake Government Vehicle Registration

Clearing Agents Convicted Over Fake Government Vehicle Registration

Two employees of Easthood Logistics Limited have been convicted of making a false declaration to the Uganda Revenue Authority (URA) after pleading guilty to charges involving the fraudulent registration of a motor vehicle. Jibril Jimmy Waibale, a director at Easthood Logistics Limited, and Halimah L

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Vision Group seeks Shs25b in new share sale 

Vision Group seeks Shs25b in new share sale 

Vision Group, which produces newspaper and broadcast titles including New Vision and Bukedde, among others, has told shareholders that it has reached an understanding in which government will acquire more 156.25 million shares to bolster its operating capital. The company, listed on the

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Ex-ULS president withdraws dismissal application in Shs4.1b theft case

Ex-ULS president withdraws dismissal application in Shs4.1b theft case

A senior lawyer and former Uganda Law Society (ULS) president accused of stealing over Shs4.1 billion meant for war loss compensation to Busoga Growers Cooperatives has withdrawn his applications that had sought to dismiss the charges against him. Mr John Matovu 62, of M/S Matovu & Matov

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Why banks are joining unit trusts party

Why banks are joining unit trusts party

Banks are steadily taking positions, establishing in-house collective investment schemes that have, for long, been traditionally a reserve of fund managers, the majority of which are insurance firms.  The move creates a new dimension, in which assets under management - especially by ins

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Stolen IGP car among 5 vehicles recovered in Kenya

Stolen IGP car among 5 vehicles recovered in Kenya

Police in Busia District have recovered five vehicles believed to have been stolen from Uganda’s capital Kampala, through a crackdown aimed at curbing car thefts as an emerging cross-border crime. A brand-new double cabin pickup truck belonging to the Ugandan Inspector General of Pol

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