City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the High Court in Kampala ruled in favor of Housing Finance Company Limited in a high-stakes financial dispute.The ruling, whi
In a major crackdown on financial malpractice within government institutions, Uganda’s Criminal Investigations Directorate (CID) has arrested nine senior officials from the Ministry of Finance over their alleged involvement in the fraudulent diversion of Shs 6
Migrants seeking asylum in the United States gather near the border wall with Mexico after crossing a razor wire fence, as a member of the Texas National Guard escorts them, on December 19, 2024.CNN — When Altagracia left Honduras to em
(Kampala) â Uganda owes $433,582 (UGX 1.679 billion) in ground rent arrears to Kinshasa authorities for a commercial property in the Democratic Republic of Congo (DRC). Despite having the funds, the payment remains stuck due to unclear instructions from the DRC side, raising fears of property s
The British American Tobacco team led by Chris Achola, Cluster Head BAT East and Southern Africa met with URA to identify ways on curbing illicit trade in cigarettes in the East African region. During the meeting held at URA headquarters, Nakawa BAT proposed different ways through which
The identities of the men and women in civilian clothes who raided Parliament chamber and grabbed some MPs after lights were switched off remain contentious. Six MPs were seized, pushed, and carried off from the floor of Parliament soon after Speaker Annet Among suspended 12 legislators
Tension is building up in Kayunga District following last Friday’s clash between the Banyala ethnic group and Mengo loyalists after the former seized a building belonging to the latter. There is heavy deployment at the facility to quell any likely chaos. A section of the Banyala ca
South Sudan President Salva Kiir Mayardit on Thursday, through a presidential decree, dismissed his long-time intelligence chief and appointed him as the governor of his home state. Lt Gen Akol Khoor, who led the National Security Service’s (NSS) Internal Security Bureau, was replace
Angolan billionaire Isabel dos Santos on Monday lost an appeal to overturn an order freezing up to 580 million pounds ($778 million) of her assets as part a lawsuit at London's High Court. Dos Santos – Africa's first female billionaire, whose father Jose Eduardo dos Santos ruled Ango
(Entebbe) – The Uganda Civil Aviation Authority (UCAA) has taken action by seizing nine aircraft that had been left abandoned at Entebbe International Airport. This move, which took place on September 10, 2024, addresses growing concerns about safety and envir
