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dfcu shareholders receive 121% dividend boost as profits surge to Shs 72.1bn

dfcu shareholders receive 121% dividend boost as profits surge to Shs 72.1bn

dfcu Annual General MeetingShareholders of dfcu Limited are set to earn a 121 per cent increase in dividend payout for 2024, rising to Shs 20.09 per share from Shs 9.10 in 2023, following a remarkable turnaround in the bank’s financial performance.

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Top Police, Prisons Officers Hit Pay Jackpot in Major Salary Shake-Up

Top Police, Prisons Officers Hit Pay Jackpot in Major Salary Shake-Up

Top-ranking officers in the Uganda Police Force and Uganda Prisons Service will now earn a uniform 

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Museveni Sacks Four ISO Directors Amid Turbulent Terror-Fighting Turf War

Museveni Sacks Four ISO Directors Amid Turbulent Terror-Fighting Turf War

In a dramatic shake-up within Uganda’s intelligence architecture, President Yoweri Museveni has dismissed four senior directors from the Internal Security Organisation (ISO). The decision is part of a continuing power struggle among key security agencies over

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UCC Hails Film Industry’s Role in Job Creation, Tourism & Global Recognition

UCC Hails Film Industry’s Role in Job Creation, Tourism & Global Recognition

The Uganda Film Festival (UFF) has marked its 13th anniversary of promoting local talent, creating jobs, boosting tourism, promoting national identity, enhancing Uganda’s image globally, and driving economic development.An initiative of the Uganda Communications Commission (UCC), the Uga

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Umeme to Seek Arbitration in London Over Shs 10.62tn Claim Against Uganda Govt

Umeme to Seek Arbitration in London Over Shs 10.62tn Claim Against Uganda Govt

Ugandan electricity distributor Umeme Limited has announced its intention to pursue international arbitration to recover a disputed sum of Shs.1.062tn from the Government of Uganda. The move follows unsuccessful negotiations regarding the final buyout amount after the conclusion of Umeme's conces

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Kampala Rugby Club Accuses Union Officials of Extortion and 'Mob Justice' Over Legends Land Deal

Kampala Rugby Club Accuses Union Officials of Extortion and 'Mob Justice' Over Legends Land Deal

A fresh legal dispute has erupted within Uganda’s rugby establishment after Kampala Rugby Union Football Club Ltd (KRUFC) accused senior Uganda Rugby Union (URU) officials of attempting to extort commissions and land during the sale of its property on Sports Lane, Lugogo.In a strongly wo

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Everything You Need to Know About the Mass National ID Renewal on May 27: Requirements, Process, and Key Details

Everything You Need to Know About the Mass National ID Renewal on May 27: Requirements, Process, and Key Details

Kampala, Uganda — The Ministry of Internal Affairs has announced that the long-awaited mass enrollment and renewal of National Identity Cards (IDs) will officially begin on May 27, 2025.Speaking at a press briefing last w

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Slot Thanks Klopp Moments After Liverpool Win Title

Slot Thanks Klopp Moments After Liverpool Win Title

Liverpool manager Arne Slot paid tribute to his predecessor Jurgen Klopp moments after his side won the Premier League title.The Reds defeated Tottenham Hotspur 5-1 at Anfield on Sunday to clinch a record-equalling 20th top-flight title, with Slot becoming the first Dutch coach to win the

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Tesla shares tumble ahead of first-quarter earnings report

Tesla shares tumble ahead of first-quarter earnings report

Tesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company's first-quarter earnings report, as analysts fret over "ongoing brand erosion."The stock closed at $227.50 leaving it less than $6 above its low for the year on April 8. The shares are now down 44% for the year af

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Court Orders Sale of Emerald Hotel over ABSA Loan

Court Orders Sale of Emerald Hotel over ABSA Loan

Kampala, Uganda – The Court of Appeal has directed the appointed receiver to audit and sell Emerald Hotel in Kampala within six months under court supervision.This decision overturns a prior High Court judgment

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