RAJIV RUPARELIA YOUTH SCHOLARSHIP SCHEME OFFERS 1100 SCHOLARSHIPS AT VICTORIA UNIVERSITY

SCHOLARSHIPS

Rajiv Ruparelia Youth Scholarship scheme under Ruparelia Foundation has offered 1,100 scholarships to youths who will be joining Victoria University for the Academic year 2019/2020. The scholarships were revealed in a letter that was addressed to Hon Florence Nakiwala Kiyingi, the Minister of State for Youth and Children Affairs, copied to Victoria University Council, Vice-Chancellor, Guild President and Admission’s office. Rajiv Ruparelia said that the scholarships will cover 70 per cent of the tuition fees. The scholarships are to cater to the students who are offering the following courses: 👉Faculty…

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Premier Recruitment Sends More 14 Girls for Lucrative Jobs in the Middle East

premier recruitment

Premier Recruitment sent 14 more girls to Jeddah in Saudi Arabia after securing lucrative jobs for them. The external labour agency has so far helped 38 unemployed Ugandan females in the last 2 months who are bettering their lives with this opportunity. “We have visited the offices of the agencies we work with in Saudi Arabia and have strong relationships with them to ensure our candidates are placed in good households. Good luck to this latest group who are embarking on their new journey! They will save money and learn…

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AUDITOR GENERAL REJECTS DEPUTY GOVERNORS REQUEST FOR FRESH UGX. 478 CRANE BANK INQUEST

AG

The Auditor General Mr. John Muwanga has rejected fresh requests from Bank of Uganda to carry a fresh inquest on the UGX. 478 billion the central bank alleges to have injected in Crane Bank Ltd after the takeover turned controversial. Mr Muwanga, in an April 4 letter to deputy governor Dr. Louis Kasekende flatly rejected a request by the latter, arguing that his report was already submitted to the Speaker of Parliament. Dr. Kasekende had in a March 11 letter asked the AG to undertake verification of documents that had…

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“YOUR FINDINGS ABOUT BOU WERE WRONG”, KASEKENDE ATTACKS AUDITOR GENERAL & COSASE

kasekende

Deputy governor Louis Kasekende together with directors at the bank of Uganda organized a press conference in the absence of the the Governor and they started  challenging the outcomes of the COSASE Committee  claiming that the outcomes of the report were”totally wrong”. The question to ask is “WHY DOES HE ALWAYS COME OUT TO SPEAK TO THE PUBLIC IN THE ABSENCE OF THE GOVERNOR?” we want to find his motive. We would also want to know where he (Kasekende) was when all this mess was happening at the central bank…

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Its not over for DFCU as Kibukamusoke also quits his job.

Kibukamusoke

The problems affecting DFCU Bank are not to end very soon as many top officials within the banking institution are quitting day after day. The financial institution is currently undergoing tough times ever since fraudulently swallowing other banks that included Global Trust Bank, Crane Bank among others. All these banks were swallowed by  DFCU in a scandalous dirty transaction that involved many  Bank of Uganda Executives and other prominent people within the banking institution. News that Daily Inspector has is that Denis Kibuuka Musoke who has been with the institution…

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Rajiv Ruparelia joins MotorSport

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Rajiv Ruparelia has been cleared by Rallystar Motorsport Academy to join professional Motor Rally Sport. Rajiv completed training in the South Africa based academy and he surprised everyone with his skills and Talent. Leon Botha confirmed that Rajiv was an exceptional trainee with talent in motor sport. “I was surprised by his ability and car control in a powerful rally car, RallyStar welcomes him (Rajiv) into a sport that we believe he was born for”; Botha Said. Upon completing the training, the MD of Ruparelia Group got himself a world…

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UIA clears Israeli investors to start marijuana farm in Uganda

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Uganda Investment Authority (UIA) cleared Together Pharma, an Israeli firm to start growing marijuana in Uganda, according to a license signed by the Acting Authority Executive Director Lawrence Byensi on March 18, 2019. UIA cleared the firm in form of an investment license. “This investment License has been issued under Section 16 of the Investment Code, 1991. The provision of the Investment Code 1991 and Guidelines and Procedures brought into effect under it shall apply,” reads the license. Sources reveal that the license allows the company to operate in Uganda…

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Speaker Rebecca Kadaga back from Hospital

KADAGA

The Speaker of Parliament, Ms Rebecca Kadaga, has returned from the Aga Khan Hospital in Nairobi, Kenya, where she had been admitted. “Yes, that is correct, she is back from the hospital,” Mr Sam Obbo, her principal press secretary, said when asked if the Speaker had returned. Mr Obbo said Ms Kadaga came back on Saturday and is now resting at her home. “At an appropriate time, we shall issue a statement on her condition,” he said. Ms Kadaga was taken to Nakasero Hospital in Kampala on March 21 suffering…

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African Union threatens to kick Sudan out of AU over coup

sudan

The African Union on Monday threatened to kick Sudan out of AU following last week’s coup that saw Omar al-Bashir ousted by the military after nearly three decades in power. If the junta fails to hand power to civilians within 15 days, the AU will suspend “the participation of the Sudan in all AU’s activities until the restoration of constitutional order,” the body’s Peace and Security Council (PSC) said in a statement. Bashir ruled Sudan with an iron fist for 30 years before he was deposed last week following mass…

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The hunter is hunted: Nakalema’s anti-corruption unit begins investigations on IGG.

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The Head of state house anti-corruption unit Colonel Edith Nakalema  has started investigations on the alleged corruption  IGG office which is headed by Irene Mulyagonja. It should be noted  that a one whistleblower who happens to a Staff at the Inspectorate of Government (IG) petitioned the State House Anti-Corruption Unit demanding an investigation into alleged corruption, illegal and irregular recruitments that they say had marred the agency. The whistleblower in the petition dated 3rd March 2019 said a number of regional inspectorate officers have acted in their positions for more…

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ROBERS RAID DFCU BANK MBARARA BRANCH.

DFCUU

Police in Mbarara is investigating the circumstances under which two armed men stormed Dfcu bank in Mbarara and robbed a depositor shs 10m at gunpoint. The victim Sharif Kakooza says today afternoon he went to deposit shs 10m on his account in Dfcu bank Mbarara branch. Kakooza adds that while he was at the counter, two armed men with pistols approached him and put him on gunpoint and instructed him not to say anything but to just walk out of the bank. The two also ordered other people who were…

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BoU blames Shs484b deficit on 2008 global financial crisis

central bank

Bank of Uganda (BoU) has defended the Shs484.9b request for recapitalisation, saying it suffered the deficit as a result of the global financial crunch of 2007/2008. The global financial watershed began in 2007 with a crisis in the subprime mortgage market in the United States, and later developed into a full-blown international banking crisis. Governments around the world were forced to step up efforts to ease the strain on their economies. BoU officials have not explained the government intervention that might have eroded its assets and created the deficits in…

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Gov’t studying four more towns for city status elevation

masaka

Government is studying four more towns for possible elevation to city status, a move that would increase the number of new cities to 13, the Minister of Local Government, Col Tom Butime, has said. The proposed municipalities are Masaka, Moroto, Soroti and Nakasongola. While appearing before the parliamentary committee on Public Service and Local Government on Friday, Col Butime said when the studies are concluded, a Cabinet paper will be prepared and presented for possible approval. Government has already proposed Gulu, Arua, Lira, Mbale, Jinja, Entebbe, Hoima, Mbarara and Fort…

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Rajiv Ruparelia gives Fresh Kid Scholarship through Ruparelia Foundation

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Rajiv Ruparelia, the son of property mogul Sudhir Ruperalia, through Ruperelia Foundation, has offered seven-year-old rapper Patrick Ssenyojo aka Fresh Kid a full scholarship to study at Kampala Parents School. In a Facebook post, Rajiv says he was moved by Fresh Kid’s ambition given his age. He stated that he hopes the scholarship will enable him become an influential person to the young generation. “I met Fresh Kid today and I’m moved by his ambition given his age. Through Ruperelia Foundation, we are offering him a full scholarship to study…

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Bank of Uganda seeks Shs484b for recapitalization despite corruption scandals

bou

Government is putting pressure on the Members of Parliament (MPs) to approve Shs484.2 billion for the capitalisation of the Bank of Uganda (BoU) which has failed to account for Shs478 billion it claims it spent on Crane Bank Limited while under statutory management between October 20, 2016 and January 25, 2017. According to the Auditor General John Muwanga, out of Shs478 billion, Shs320 remains unaccounted for by BoU. This issue came up as MPs probed BoU on the irregular closure seven banks between the years 1993 and October 2016. The…

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COURT ORDERS DFCU BANK TO PAY SHS 1BILLION INHERITED LOAN

dfcu

A court in Kampala has ordered listed lender DFCU Bank to pay consulting firm Real Marketing Sh994,268,100 ($266,000) for breach of contract. The matter arose from a loan and its collateral from the defunct Global Trust Bank, whose assets and liabilities it inherited after the latter’s closure by the Central Bank about five years ago. DFCU also bought Crane Bank in 2017. The High Court’s Commercial Division gave the bank 30 days until April 19 from March 19, to oblige. The award arose from an initial $139,201 (Shs520,312,457) price of…

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IGG sabotaged investigations into the Central bank operations.

Inspector General of Government (IGG) Justice Irene Mulyagonja when they appeared before legal committee to present their budget at Parliment. Photo by Geoffrey Sseruyanghe

The Inspectorate of Government (IGG) Irene Mulyagonja ordered decline to proceed with a probe on Bank of Uganda officials even when he summoned them to his office sometime back. The motive by the IGG to stop investigating the mess at the Central Bank remains unknown and has since sparked off debate in top government offices. “Even when an investigative committee of Parliament, COSASE investigated and recommended that top officials in the Central Bank should personally be held liable for the mess caused while closing off seven private banks, the IGG,…

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MTN Uganda Chairman Charles Mbire in panic over money laundering

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MTN Uganda Chairman Mbire is in panic over money laundering. The evidence shows that Foreign Funds were wired via Mobile Money to Uganda a thing that triggered investigations for security purposes There were reports that the Chairman of MTN Uganda, Charles Mbire was to be quizzed by a joint team of security officials over the telecom top officials’ alleged plot to overthrow the government. Rumors had it that Mr. Mbire, was to be questioned on the alleged involvement of MTN’s top officials in the creation of special mobile money accounts…

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