Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank
22.7 C
Kampala
Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank

Kabushenga fired for giving country economic hit

Must read

President Yoweri Museveni has directed Vision Group Chief Executive Officer Robert Kabushenga to step down, for publishing some stories that are giving the country an economic hit.

Sources say that President Museveni expressed his bitterness with Kabushenga during one of the cabinet meetings held two weeks ago.

It is alleged that the President was not happy with the way the government-owned The New Vision was giving a lot of space to the coverage of Sudhir Ruparelia’s woes that saw Crane Bank change hands.

Furthermore, the coverage of the legal war between Bank of Uganda and Sudhir by New Vision did not go down well with Museveni, the sources said, adding that Kabushenga now has up to December to pack his bags and leave after 10 years at the helm of the Vision Group.

It should be noted that during the 2016 presidential campaigns, it was rumoured that Kabushenga was supporting candidate Amama Mbabazi.

To make matters worse, recently The New Vision reportedly wrote to the NRM Secretariat threatening to sue the ruling party over printing debts to a tune of shs900m. It seems the legal document did not go down well with President Museveni, who is the chairman of the ruling party.

We shall keep you posted on updates but meanwhile, the mood in The New Vision newsrooms is all somber, with many of the high-earners fearing for their jobs.

It said so many millions are given out in salaries to idle editors while the foot soldiers remain on peanuts.

Red Pepper last year broke a story of many of the senior editors at Vision taking home tens of millions.

By press time it was not possible to reach Kabushanga on phone.

 

- Advertisement -

More articles

- Advertisement -

Latest article

- Advertisement -