Metaplanet, a Japanese public company, has recently decided to boost its Bitcoin holdings as part of its strategy to manage economic challenges. The company raised 4 billion yen (around $26.39 million) by issuing ordinary bonds to EVO Fund, a debt and financing
The government of Uganda is committed to meeting Umeme Limited’s buyout amount before the electricity distributor’s concession runs out at the end of March, Ziria Tibalwa Waako, the chief executive officer of the Electricity Regulatory Authority (ERA), has s
In a shocking case of international fraud, where ruthless Ugandans fleeced an American investor Robert Tunner in a fake gold deal, Stanbic Bank officials are said to be in panic mode as DPP sanctions their files for immediate arrest and prosecution. These top ma
An investigation into the recent arrest of accountant general Lawrence Semakula and eight other Finance ministry staff has drawn in the names of Kiryowa Kiwanuka and Ramathan Gggobi as being at the centre of a conspiracy to mudsling and punish Semakula.
A massive scandal involving a Shs 1 trillion project has rocked the National Information Technology Authority of Uganda (NITA-U) as the World Bank uncovers significant corruption and mismanagement. The Uganda Digital Acceleration Project (UDAP), worth USD 200 million (about Shs 1 trillion), has b
Abapakasi Bus Company is under scrutiny following multiple complaints from passengers alleging fraud and mistreatment during their journeys.Abapakasi Bus Company is under scrutiny following multiple complaints from passengers alleging fraud a
Reports reaching our desk indicate that an Indian external auditor, hired by Tembo Steel chairman Mr. Sanjay Awasthi, has mysteriously died inside the Tembo Steel Factory.Mr. Dignish, a renowned auditor from India
Parliament and the State House Anti-Corruption Unit (SHACU) have been petitioned to inquire into circumstances under which the disgraced Martin Nsubuga has continued to physically occupy public office at Uganda Retirement Benefits Regulatory Authority (URBRA) 6
Details have emerged about the circumstances under which the chief of Communications and IT (CCIT) in the Uganda People’s Defence Forces (UPDF), Colonel Peter Ssemakula was arrested and detained by military authorities.
Parliament and the State House Anti-Corruption Unit (SHACU) have been petitioned to inquire into circumstances under which the disgraced Martin Nsubuga has continued to physically occupy public office at Uganda Retirement Benefits Regulatory Authority (URBRA) 6
