Ugandan army captures rebel ADF leader
The Uganda Peoples Defence Forces (UPDF) spokesperson, Brig Gen Felix Kulayigye, said that with the capture of the ADF leader, all militants who had crossed into Uganda from their hideout in Ituri, eastern Congo, to attack villages had been seized or killed.
Uganda increases minimum capital requirements for banks by 500%
Uganda’s Finance Minister, Matia Kasaija (left) and the Central Bank Acting Governor, Dr. Michael Atingi-Ego. Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, on 16th November 2022 signed a ministerial instrument, increasing the minimum capital requirements for banks by 6 times or...
Lose yourself in the fantasy genre
While the rest of us must report to work immediately after New Year’s Day, some of you have a week or two before your employers come calling. That is time in which you can catch up on much-needed reading. I wanted to highlight some major...
MPs recalled from recess to handle censure against minister Namuganza
Speaker Anita Among Members of parliament have been summoned from recess for a plenary sitting to specifically handle a censure motion against Persis Namuganza, the state minister of Lands, Housing and Urban Development. The special session, according to the clerk to parliament Adolf Mwesige will...
Freedom City: Abtex remanded till Jan 10 as police summons building owner
Abtex in court Abbey Musinguzi, the manager of Abtex Promotions and Marketing Agency has been remanded to Luzira Prisons following the death of 10 revellers at the Freedom City Mall. Musinguzi, 52, on Tuesday, appeared before the grade one magistrate Igga Adiru of Makindye Division Magistrate’s court. He...
I&M Bank names Joseph Biryahwaho Head of Risk Management
I&M Bank names Joseph Biryahwaho Head of Risk Management Joseph Biryahwaho, the Head of Risk Management at I&M Bank Uganda (PHOTO/Courtesy). KAMPALA – I&M Bank Uganda appointed Mr. Joseph Biryahwaho as their Head of Risk Management. Rich with over 17 years of banking experience, Biryahwaho...
Stanbic PMI shows fifth successive rise in output at end of 2022
Stanbic PMI shows fifth successive rise in output at end of 2022 Traders in Nakasero Market Kampala. Prices of most food items have gone up.(PHOTO/Courtesy). The Ugandan private sector ended 2022 on a positive note, with ongoing expansions in output, new orders and employment recorded,...
Avatar 2 is another James Cameron success
Avatar: The Way Of Water just crossed the $1bn mark. It made a whopping $1.1bn in fourteen days. Though I don’t think the movie will hit its predecessor’s final tally ($2.93bn). Avatar (2009) made $77m on its opening weekend, which does not sound particularly impressive....
Whitney Houston resurrects in cinema
Whitney Houston’s life changed when record executive Clive Davis discovered her talent. The young singer quickly rose to fame, becoming one of the greatest artistes of her generation. I Wanna Dance With Somebody chronicles her journey. The biographical musical drama has received mixed reviews, though....
Probe into former NSSF boss Byarugaba commences Thursday
Former NSSF MD Richard Byarugaba The board of directors of the National Social Security Fund (NSSF) will this week commence investigations into the allegations of mismanagement by former managing director, Richard Byarugaba. Byarugaba’s contract expired at the end of November last year just after...
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