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Tropical bank, IT Office Ltd bosses in panic as Sudhir demands payment for Shs 21 billion loan

Tropical bank, IT Office Ltd bosses in panic as Sudhir demands payment for Shs 21 billion loan

There’s panic at Tropical Bank Uganda Limited and its client IT Office [U] Limited after the later failed to pay back a loan the former secured.IT Office Uganda Limited took a loan of Shs 6.840 billion from Prim

Ultimate Uganda

Twin fires deal Kalangala heavy blow

Twin fires deal Kalangala heavy blow

The first fire, whose cause is still under police investigation, destroyed more than 70 semi-permanent houses on Tuesday. A second fire, believed to have been sparked by remnants of the initial blaze, left more than 120 residents without shelter. The affected families are now camping in

Ultimate Uganda

Museveni pardons former PS involved in Shs4.2b bicycle scam

Museveni pardons former PS involved in Shs4.2b bicycle scam

President Yoweri Museveni has pardoned the former Permanent Secretary at the Ministry of Local Government, Mr John Muhanguzi Kashaka and the late Henry Bamutura who were sentenced to 10 years in jail for causing government a financial loss of Shs4.2 billion meant to purchase bicycles for loc

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IGG recovers Shs2.3b in confiscated assets of thieving public officials

IGG recovers Shs2.3b in confiscated assets of thieving public officials

The Inspectorate of Government was able to recover Shs2.3b in confiscated assets of thieving public officials in the first half of the year, compared to the Shs15.7b marked for recovery. The revelation was made by the Inspectorate of Government, Ms Beti Kamya, while presenting the bi-ann

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Why population census numbers have raised eyebrows

Why population census numbers have raised eyebrows

A number of questions have emerged following the release of the National Population and Housing Census 2024 final results by the Uganda Bureau of Statistics (Ubos). This was after the bureau issued contradicting statistics of Acholi and Bagisu population. According to the 2024 result

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High staff exits undermining banking sector stability, says BoU

High staff exits undermining banking sector stability, says BoU

Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are contained in the Bank of Uganda 2024 Annual Report, indicate that high staff turnover, which has remained unique to som

Ultimate Uganda

Diddy abuse hotline records 12,000 calls in just 24 hours; 100 new lawsuits lined up, claims lawyer

Diddy abuse hotline records 12,000 calls in just 24 hours; 100 new lawsuits lined up, claims lawyer

Tony Buzbee reveals shocking increase in claims against Sean Combs, including minors among the accusers.In a shocking surge, attorney Tony Buzbee has revealed that more than 12,000 calls have flooded a hotline set up for victims to report alleged abuse

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Sheebah Karungi: The singer turned entrepreneur – A look at her impressive investments

Sheebah Karungi: The singer turned entrepreneur – A look at her impressive investments

Today marks ‘Sheebah Karungi’s Day’ as she prepares to host her Nenyanzi Concert at Lugogo Cricket Oval to celebrate 15 years in the music industry.In a recent interview, Sheebah stated that 80% of her achievements in life have come from music, whil

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Reduction in milk production causes butter scarcity 

Reduction in milk production causes butter scarcity 

A reduction in milk volumes by about 3.5 million litres per day has impacted key dairy by-products, among them butter production, according to stakeholders in both the dairy and supermarket value chains. Several supermarkets and consumers across Kampala have reported a shortage in butter

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Busia leaders endorse creation of new district

Busia leaders endorse creation of new district

Thirty-five Busia District council members have passed a motion to create Lumino District. Busia District Speaker Charles Malowa Kudedi said the resolution came after 35 council members unanimously voted “yes” for the motion that seeks to carve Lumino District out of Busia District.

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