Uganda Government Leaves Contractors High and Dry with UGX 1.351 Trillion in Unpaid Bills
KAMPALA, Uganda — Uganda’s construction sector is facing a financial crisis due to the government’s failure to pay UGX 1.351 trillion in arrears to r...
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MP Alleges Central Voters Regret Choosing NUP MPs in 2021 Based on the Umbrella Symbol, Not Quality
On NBS Barometer, political leaders discussed the National Resistance Movement (NRM)’s support in Central Uganda, concerns about corruption, and governance issues...
Exclusive Intelligence! Squicky Bum Time at Stanbic Bank As DPP Orders Arrest of Top Managers Over UGX 3B Fake Gold Money Laundering Deal!
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 i...
Seven Finance Ministry Bosses Arrested Over Missing $16 Million from Bank of Uganda
The Criminal Investigations Directorate (CID) of Uganda has arrested seven individuals from the Ministry of Finance and Bank of Uganda following a three-month investigati...
M23 Rebels Move to Set Up Civilian Administration in Goma
Goma, DRC – The leader of the Alliance Fleuve Congo (AFC) and political head of the M23 rebel movement, Corneille Nangaa, has declared an end to the state of siege...
Man Sentenced to Two Years for Withdrawing She848million Mistakenly Deposited in His Account
In a landmark ruling at the Nakasero-based Anti-Corruption Court, Justice Lawrence Gidudu sentenced Ronald Jimmy Ajuk, proprietor of Smart Parking Technology, to two year...
Tyra Banks reveals special new friendship amid exciting move to Australia
The America Next Top model host has been quietly living down under for over a yearTyra Banks has always been one to light up a room, wh
Excessive govt local borrowing starves private sector of creditÂ
A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no...
To cap or not to cap interest rates
The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, th...