Bank of Uganda Denied Crane Bank Limited a 157 Billion Loan to Recapitalize

Bank of Uganda Denied Crane Bank Limited  a 157 Billion Loan to Recapitalize

By  by our reporter COSASE  is  shocked to find out that Bank of Uganda denied crane bank limited  a 157 billion loan to recapitalize and used 478 billion shillings to close it. Members of parliament on the committee of commissions, statutory authorities and state enterprise which is probing the closure of seven commercial banks  grilled BoU officials to explain why they denied Crane Bank Limited time to recapitalize and closed it 10 days before the…

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Kadaga Reechos The Demand to Fast Track The Domestic Relations Bill

Kadaga Reechos  The Demand to Fast Track The Domestic Relations Bill

While addressing the annual general assembly of the Uganda Women Parliamentary Association, the speaker of parliament Rebecca Kadaga reechoed  the demand to fast rack the domestic relations bill to ensure cohabiting is recognized as a marriage because its real and a number of women including MPs have not gained from their sweats on properties they put up together with their partners as many walk out with nothing at a time of divorce. Kadaga urged fellow…

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Lord Mayor Erias Lukwago Calls for Protection of Ugandan Migrants in The Middle East and Asia

Lord Mayor Erias Lukwago Calls for Protection of Ugandan Migrants in The Middle East and Asia

The Kampala Lord Mayor Erias Lukwago, used the 5th Mayoral Forum on Human Mobility, Migration and Development in Marrakech, Morocco to ask authorities in the Middle East to protect the many young Ugandan Migrants.“I take this honor to implore all of us key players to take keen interest in protecting the lives of our people. Uganda is a host country to a very large number of Refugees and migrants from many countries. We have, however,…

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Dont Blame Revellers -LOP

Dont Blame Revellers -LOP

By Admin The leader of opposition in parliament Betty Aol Ocan , says blame should not be put on the survivors and dead that got involved in accident in the ill-fated boat that capsized last week. Addressing journalist at Parliament Betty said that the revellers were partying, but the blame is on the institutions of Government which allowed the vessel that had a mechanical problem to go on water killing people. She said that the…

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UWOPA Tasks Government To Bring Back Marriage and Divorce Bill

UWOPA  Tasks Government To Bring Back Marriage and Divorce Bill

By our reporter Female members of Parliament under their umbrella body of Uganda Women Parliamentary Association are demanding government to stop playing ping-pong with the marriage and divorce bill and bring it back on the floor of Parliament. They claim that this embattled bill is the only solution to reduce domestic and Gender based violence.As the world marks the 16 days of Gender based activism which will climax on 10th December The mitooma district woman…

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Bank of Uganda Shocks MPs

Bank of Uganda Shocks MPs

Bank of Uganda Shocks MPs Bank of Uganda has today shocked MPs to disclose that the former director supervision Justine Bagyenda stole their documents in February this year. This comes after bou officials tendered in progressive quarterly reports of liquidation process of the defunct banks. The former executive director supervision at the bank of Uganda Justine Bagyenda who was summoned to appear before the parliamentary committee on commissions statutory authorities and state enterprises has today…

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LOP- Visits Former DP President Paul Semwogere

LOP- Visits Former DP President  Paul Semwogere

LOP- Visits Former DP President Paul Semwogere By our reporter. Betty Aol Ochan the leader of opposition paid courtesy cal call to the former President of Democratic Party (DP) Dr. Paul Kawanga Semwogerere to at his home in Lubaga to discuss different issues in politics. From there Aol criticized the ministry of transport for not doing enough to enforce water transport guidelines They engaged for over two hours in the closed door affair and afterwards…

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Teefe Trust Bank Was illegally Closed -BOU

Teefe Trust  Bank Was illegally Closed -BOU

Officials of the bank of Uganda have today admitted that Teefe bank was illegally closed. They were appearing before the parliamentary committee of commissions statutory authorities and state enterprises which is probing the controversial trend under which seven commercial banks have been closed Led by the governor Tumusiime Muyebile, officials of the bank of Uganda today returned to the parliamentary committee to answer queries put against them by the auditor general’s report on closure of…

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Minister Tasked To Explain, The Delay To Gazette Excise Duty Amendment Act

Minister Tasked To Explain, The Delay To Gazette Excise Duty Amendment Act

Minister Tasked To Explain, The Delay To Gazzet Excise Duty Amendment Act The speaker of parliament Rebecca Kadaga has yesterday tasked the minister of finance to appear before parliament and explain why they have delayed to gazette the excise duty amendment law ro reduce mobile money tax from 1% to 0.5% During today’s parliamentary plenary the Nakaseke south member of parliament Paulson Luttamaguzi Ssemakula moved a petition tasking government to offer an explanation as to…

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Kadaga Appointed CPA President

Kadaga Appointed CPA President

Kadaga Appointed CPA President By Admin The speaker of parliament ,Rebecca Kadaga ,has been appointed President Designate 2018 to 2019 during the Commonwealth association executive meeting held in London ,UK. The commonwealth parliamentary association executive (CPA) meeting is being attended by among others speakers from Cameroon ,Malta ,Kekya ,Lesotho among others . Uganda has offered to host the 64th commonwealth parliamentary Conference in September 2019 in Kampala . The conference theme is adaption ,Engagement and…

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