Sam Kutesa’s bribery report to be out in January – AG


Findings into a claim that Foreign affairs Minister, Sam Kutesa, received a $500,000 (about Shs1.9 billion) bribe from a Chinese will be ready next month, but an interim report will be ready by December 20, the Attorney General, William Byaruhanga, told Parliament yesterday. “I am going to inquire into this matter and at the end of that inquiry, this Parliament shall be made aware of the findings of that investigation,” Mr Byaruhanga said. “I expect to bring back the report as soon as we resume in January,” he added. The…

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BOU Officials grilled over Shs478b used to recapitalize Crane Bank


Parliament’s committee on Commissions Statutory Authorities and State Enterprises has learnt that Bank of Uganda spent 478 billion to sell Crane Bank, way above the 157 billion shillings it needed to return to adequate recapitalization. The committee has been probing BoU over the closure and sale of seven commercial banks. The MPs on the committee using the Auditor General’s report revealed irregularities in the sale of the banks CBL, Global Trust Bank, Greenland Bank, International Credit Bank, Cooperative Bank, National Bank of Commerce and Teefe Trust Bank. During a probe…

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Government to introduce boat ambulances


The Ministry of Health has included boat ambulances among its priorities in the next financial year 2019/2020 budget as one of the interventions to strengthen emergency care service delivery in the country, a top official has revealed. Dr John Nambohe, the ministry’s commissioner of Emergency Medical Services, said there are huge gaps in emergency response on water bodies whenever disasters hit, which leads to many preventable deaths, citing the recent boat cruise accident that claimed more than 30 lives. “We shall start with a few [boat ambulances] in the over…

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BOU SAGA: Statutory Manager Denies Writing Key Reports For The Sale Of Crane Bank

Mr. Edward Katimbo Mugwanya

The Bank of Uganda (BoU) official who was appointed the statutory manager of Crane Bank Limited (CBL) has told Parliament’s Committee on Commissions Statutory Authorities and State Enterprises (COSASE) that he did not write a handover report or evaluation report before the CBL was sold to its rival dfcu Bank by BoU at Shs200 billion in January 2017. Mr. Edward Katimbo Mugwanya, made the revelation on Tuesday as MPs asked the BoU official to come with the handover report tomorrow, evaluation report, list of depositors and other documents related to…

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URA ends year with 14% tax-to-GDP ratio


Over the last 12 months, Uganda Revenue Authority (URA), the country’s tax prefect, made more gains than losses. The gains registered have been accrued mainly from the tax body’s core mandate. The Authority closed its first quarter in September with a net revenue collection of Shs3.7 trillion – an eqiuvalent of 103.5 per cent, thanks to the Shs127 billion surplus collected in the first quarter. The surplus came from the back of nearly half a trillion shilling shortage recorded in the previous financial year. Compared to the same period last…

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Over 7000 students graduate at Kyambogo University


At least 7,000 students will graduate at Kyambogo University today with management also allowing even those who have not paid full tuition fees to graduate. The phased three-day graduation starts today at the university campus in Nakawa Division, Kampala. The vice chancellor, Prof Elly Katunguka, yesterday told journalists that unlike the previous years where tuition defaulters were not allowed to graduate, the university has this time round decided to consider only academic requirements as opposed to finance considerations. Prof Katunguka, however, said much as the fees defaulting students will be…

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BOU Probe: Price Water Coopers (PwC) summoned over Crane Bank Closure


PARLIAMENT. Price Water Coopers (PwC Uganda), a private auditing consultancy has been summoned before the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) to explain how they arrived at the Shs239bn undercapitalization figure of defunct Crane Bank. COSASE Chairperson Abdu Katuntu (Bugweri County) on Wednesday led the MPs to probe Bank of Uganda (BoU) officials over the closure of Crane Bank- the last bank to be closed by the Central Bank in 2016. The committee zeroed on Price Water Coopers after BoU officials for the second time failed…

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IPOD: “Dialogue is the beginning of democracy” – Museveni


President Yoweri Museveni has said that democracy begins with dialogue and that anyone who calls himself or herself a democrat, should support dialogue or miss out on the opportunity to be clearly understood and influence opponents to his or her side. President Museveni made the remarks during the Inter Party Organization for Dialogue (IPOD) Summit 2018 held under the theme “Strengthening Multi-Party Governance in Uganda”, at  Munyonyo Speke Resort Hotel in Kampala. “I have always welcomed the opportunity for dialogue. To me, dialogue is a command from God. When I…

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Kampala Parents’ school candidates given farewell party

kps (4)

Kampala Parents School primary seven candidates were on Tuesday treated to an elegant glamorous  party. The luxury party that was well attended by parents and pupils was characterized by all kinds of fun, drama, eats and drinks as the ‘former’ PLE candidates toasted farewell to each other including their teachers and other school administrators and staff. Rajiv Ruparelia who happens to be the Managing Director of the school applauded the school administrators and teachers for grooming  Uganda’s future leaders (pupils). Rajiv rallied the pupils to carry on with the same discipline,…

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