Bank of Uganda Senior Staff Arrested With Sacks Of Money

Bank of Uganda (BoU) is still grappling with a new multibillion scandal after three officers of the Bank being nabbed with stashes of money hoarded in sacks. Our desk has it that a team of undercover and Anti-Corruption taskforce detectives raided...

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Boda Boda riding thugs rob off 300M from forex bureau employee

Police in Kampala is investigating circumstances under which thugs robbed a Forex bureau manager of shs300 million in the city centre in broad daylight on Wednesday afternoon. The incident happened during lunch hours when thugs travelling on 10 boda...

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Sudhir wins multibillion case against Crane Bank

The Commercial Court in Kampala, has this morning, dismissed a multibillion commercial dispute that had been filed against city tycoon, Sudhir Ruparelia by Crane Bank in receivership, ending a two-year legal battle. In his ruling, the head of the commercial...

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Uganda Airlines sets August 28 for maiden commercial flight

Uganda Airlines has set August 28 as the official date for the company’s maiden commercial flight. The operators announced today Friday at a media engagement meeting in Kampala. The company purchased two aircraft, Bombardier CRJ 900 series on April...

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AU report finds vaccines manufactured by KEVEVAPI contaminated

Kenyan Animal Medicine manufacturer Kenya Veterinary Vaccines Production Institute (KEVEVAPI) is under siege after being accused of manufacturing contaminated drugs. An African Union Report QCR 849, authored by the Union’s Pan African Vaccine Centre,...

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Kidnapped pupils freed after parents pay Shs2m cash ransom

Two school children who were kidnapped on Saturday afternoon have been released after their parents paid ransom worth Shs2 million. Akim Niwagaba, 13, and Ramathan Ayinamani, 10, pupils of Ntungamo Primary School in Butogota town council in Kanungu...

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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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