DFCU Bank Breaks Silence on Hacking Saga, Confirms Allegations And Says its Investigating Saga

DFCU bank has finally broken the week-long silence on reports that it had lost at least Shs 10 billion after hackers breached its computer system in May. In a statement posted on its Facebook page, the bank said an investigation into the matter was ongoing. “In...

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Sai Pali Institute heads to northern Uganda, admissions run up-to August

Sai Pali institute of Technology and Management is an I.T education institution in Uganda established in 2013 as part of Sai Pali Group. The institution has been granted permission to establish and operate under a license from the National Council...

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Inside: Museveni chases oil Investors out of meeting after heated and verbal exchange

Uganda’s oil sector has been thrown into another toss up after President Yoweri Museveni cancelled a highly anticipated meeting on June 05 between him and oil production company executives; Eyalama newspaper can exclusively report. The meeting was to be a follow...

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Museveni’s secret investigation committee exposes Mutebile’s incompetency at BoU

On the February 7, 2018, the Governor of the Bank of Uganda Prof Emmanuel Mutebile issued an internal memo via which he communicated a number of staff transfers and appointments. By way of the said memo he communicated a number of internal staff transfers...

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Uganda Cranes coach Desabre resigns

Uganda Cranes head coach Sebastien Desabre has resigned after the team failed to progress to the later stages of the on-going 2019 Total Africa Cup of Nations (AFCON). An insider told URN that the coach made his position clear on Saturday. The Frenchman...

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BOU 90BN Saga: Charged Officials Out Of Office

The three Bank of Uganda employees charged in the Anti-Corruption court over a procurement scandal, have taken leave from office in line with the public service rules that require a public servant to step aside, in the face of an investigation.The three...

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Rwanda set to release RPF’s Revolutionary Movie #The600

A couple of decades ago, Rwanda was one of the East African countries that was bombarded with wars especially Genocide and other related wars. To make the World know their true flash back, they have decided to release the long waited movie called “The...

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Louis Kasekende Breaks Silence On BoU 90Bn Saga, Says ‘Mutebile Is Head Of Printing

Bank of Uganda Deputy Governor, Dr. Louis Kasekende has broken the silence about the reported extra Shs90bn currency printed by Central Bank officials for their own use. While in Masaka for BoU Town hall Meeting on Wednesday, many people asked Kasekende...

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Currency scam: Money printer offers BOU Shs 55m as compensation for extra pallets

Oberthur Fiduciare, the company contracted by Bank of Uganda to print Ugandan currency has reportedly offered to compensate the central bank for the extra pallets that were irregularly loaded onto the chartered currency plane. Bank of Uganda expressed...

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BoU 90 Billion Saga: Two officials charged, remanded

The Anti-Corruption Court has remanded two Bank of Uganda officials on charges of corruption and abuse of office. The two are Francis Kakeeto, the Assistant Director Mbale Currency Centre and Fred Wanyama Vito, the BoU verification officer. Prosecution...

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