KAMPALA PARENTS ADMISSIONS PROMOTION

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Choosing the right school for your child is an important decision as a Parent to make and we want to be able to help make this a straightforward process for you. We recommend that you visit our school, ask the questions important for you and of course see the school at work. Kampala parents school has been a school of choice for many years. They work incredibly hard to ensure that every child is cared for and supported to achieve more than they thought possible. Standards are high, along with…

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Breaking News: DFCU Bank to close 22 branches countrywide.

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News coming in to Daily Inspector show that DFCU bank is to close 22 branches countrywide. We have learnt that the branches to be closed are those that are being housed in buildings owned by City businessman Sudhir Ruparelia. Daily Inspector has been told that the embattled DFCU bank finally agreed to vacate all buildings that are owned by Meera Investments and Crane Management services. According to the document that we have seen, DFCU Bank has already opened bids for companies that want to provide consultancy services during the relocation…

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Victoria University to equip rally drivers with first aid skills

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Victoria University has pledged to offer free first aid skills to rally drivers ahead of the Total Kabalega Rally that will be held in Hoima between 17 and 20 October, 2019. The pledge to support the rally fraternity was made when sport officials visited the university to discuss the details of the growing working relationship. Speaking to Daily Inspector Uganda,  the University Vice Chancellor Assoc. Prof. Krishna N Sharma said that the university has designed a four hour short course training that will be offered to rally drivers and their…

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Launch your career at Victoria University with a course in the Faculty of Health Sciences.

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Welcome to Victoria University Faculty of Health Sciences where improving health and saving lives is key. The faculty’s mission is to improve the healthcare of individuals and communities in the region globally through world class research, learning and practice. Recognized as Uganda’s emerging Leader in health education and research, the programs we have are informed by cutting-edge research integrated with high quality teaching. The academics include outstanding staff that are national and international leaders in their fields, providing a transformational student-centred learning experience. Facilitated by outstanding staff, our state-of-the-art learning…

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Uganda projected to become Africa’s Next Cannabis exporter

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Uganda is projected to become the next cannabis hotshot of the African continent. Foreign capital has been flowing in to launch the new industry. So, much hangs in the balance as the country’s cabinet weighs changes to the criminal code allowing cultivation to proceed. There appears to be a tension between the lure of a lucrative new agro-export sector and a conservative political culture in a traditionally authoritarian country. The government is now in the process of reviewing colonial-era laws that prohibit production of cannabis. The license for Together Pharma,…

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Meera Investments drags FBW, a UK based consultancy firm to court over breach of contract

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Police in Kampala is investigating a case in which a UK based consultancy firm defrauded Meera Investments a huge sum of money amounting to 2.5 billion Uganda shillings. Daily inspector got news that FBW was contracted by Meera Investments to give consultancy in the construction of Speke Apartments Wampeewo and the extension of Kabira Country Club. According to the reliable sources, Meera Investments approached FBW in 2012 and the two signed a contract to construction of Speke Apartments Wampeewo and the extension of Kabira Country Club. The details further reveal…

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How $2.6m DFCU Scam was carried out

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In May 2019 DFCU bank detected a case of fraud which was reported to CID head offices at Kibuli in Kampala and a general enquiry file was opened- (CID HDQTRS GEF 604/2019) to aid in investigations. DFCU had chosen to remain tightlipped about the case had it not been the pressure mounted by online news stories about the incident which the bank officials considered to dismiss as malicious and grossly misrepresented to damage the reputation of the bank. This website for instance reported in July 2019 that DFCU bank had…

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Should Margaret Kaggwa Kasule continue her role as head of legal affairs at the central Bank?

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Just within a space of one year, the central bank has lost many legal suits and among them is the one that they lost against businessman Dr. Sudhir Ruparelia. In this case, the central bank was faulted for fielding a weak legal team. A few weeks ago Justice David Wangutusi of Commercial dismissed a case in which Bank of Uganda (BoU) claimed that Mr. Ruparelia and his Meera Investments Ltd claimed that he fleeced his own Crane Bank Ltd (now in receivership) of UGX397 billion. On advice of the internal…

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BoU ready to spend shs.110b Taxpayer’s Cash as Costs Appealing loss to Sudhir over Crane bank case

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Bank of Uganda is determined to cost Ugandans more shs 79 billion in its attempt to appeal a commercial litigation against property mogul Sudhir Ruparelia having lost at the beginning of the week in a commercial court and ordered to pay legal costs amounting to shs 39 billion. In this court battle it’s the taxpayers who lose because Bank of Uganda uses money generated from the taxes paid by the citizens. Last Monday, the head of Commercial Court Justice David K Wangutusi threw out a case in which Bank of…

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Judgement: Commercial court dismisses BOU case against Dr. Sudhir

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The High Court Commercial Division has this morning dismissed with costs the Central Bank and Crane Bank (In Receivership) case worth USD100M against City businessman Dr. Sudhir Rupareila The judge dismissed the suit over lack of legal basis to sue and ordered BOU to pay costs to the businessman, who had been accused of taking Shs397b out of the financial institution in fraudulent transactions and land title transfers. It should be remembered that Dr. Sudhir had earlier on said that when Crane Bank went into receivership, it lost its powers…

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It’s today: Sudhir Vs BoU UGX 397Bn Case set for hearing

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The Commercial High Court in Kampala will today give its decision on the preliminary objection by Dr Sudhir Ruparelia in the case where Central Bank of Uganda dragged him to court seeking to recover shs 397bn. Before Justice David Wangutusi, Dr Ruparelia through his lawyers of Kampala Associated Advocates asked court to dismiss the Central bank’s case arguing that the bank wrongfully sued him. It should be noted that Bank of Uganda on January 25, 2017 placed former Crane Bank under receivership and in the same year, the bank sued…

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COSASE summons Mutebile

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The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has summoned the Central Bank Governor, Emmanuel Tumusiime Mutebile, to answer queries of loss of property during the closure of seven commercial banks. The summons follow the failure by the Governor to appear before the Committee on three occasions. Mutebile was invited to appear before the committee to answer queries of the loss of properties by some individuals during the closure of seven commercial banks. The banks that were closed between 1993 and 2016 include Teefe Trust Bank, International…

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Uganda airlines first flight to cost Shs166,000

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Uganda Airlines has slashed prices for the maiden flight slated for August 28, with a one-way ticket put at Shs166,000 from Entebbe to Jomo Kenyatta International Airport (JKIA). This means a return ticket goes for an enticing Shs330,000, a huge deal from the normal average $300 (Shs1.1 million) other airlines are charging for the same route. The airline’s website currently shows there is no tax applied on the ticket. When the tax is applied, the ticket could be increased by $147 (Shs542,000) to bring the entire cost to $192 (Shs709,000)…

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Pressure piles as more than 40 firms fight to grow and export Marijuana

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Foreign and private companies have joined the shove to grow and export marijuana in Uganda, even before the authorities in government complete consultations on the medical and financial benefits of cannabis. The Narcotic Drugs and Psychotropic Substances Act 2015 that was passed by Parliament, has triggered a gold rush among prospective local and foreign marijuana entrepreneurs, who are keen to invest in the medical marijuana industry. Even when the authorities are still grappling with the idea of how to regulate the growing of medical marijuana, it is clear that a…

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A cry of a disgruntled DFCU Client.

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DFCU has been and is still my bank for over 4 years. At first I enjoyed their services very well and I would recommend everyone who wanted to open an account to DFCU. They had good customer care which would be exhibited to me whenever I would enter into their banking hall. Things about this bank changed when they took over crane bank. I do not know if I am the only one having issues with DFCU but I know there are very many clients out there who are having…

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NEMA: Oil exploration in Murchison Falls must go on

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The certificate of approval recently issued for Tilenga Project environmental and social impact assessment by government is a final document and cannot be revoked, the National Environmental Management Authority (Nema) has said. Mr Tom Okurut, the Nema executive director, confirmed the development on Thursday while reacting to demands by civil society organisations (CSOs)for government to revoke the certificate and cause fresh public hearings. Tilenga oil project within Murchison Falls National Park is estimated to last between 25-30 years. Once production starts, an estimated 190,000 to 200,000 barrels of oil are…

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Government to respond on closure of commercial banks

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Government is set to implement some of the recommendations of the probe report into Bank of Uganda (BoU) operations that led to the controversial closure of seven commercial banks in the period of over 20 years, according to the Minister of Finance Matia Kasaija. Parliament’s  Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) chaired by Mr Abdu Katuntu made the recommendations in February this year after five months of interrogating BoU top officials  over the closure of seven commercial banks, the last one being the closure of Crane Bank…

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Incompetence: BoU hired lawyers weren’t aware that an institution under receivership can’t be sued and can’t Sue.

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Let me check how much was paid to the first lawyers that filed a lawsuit against Sudhir, the figure is around 1.2 billion shillings for a case that never should have been filed at least according to the law. Why do I say this case shouldn’t have been filed in any court under Ugandan law, institutions in receivership can’t be sued and therefore can not sue. Meera investment vs URA the justices of the Supreme Court ruled that Since URA can’t be sued it cannot also sue, the same law/decision…

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