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Stanbic Bank
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Local CIs, MDIs grow total assets as BoU unearths rot in banks

KAMPALA, October 18, 2023 - Total assets held by Credit Institutions (Cis) grew by 10.2 percent to Shs490 billion at the end of June 2023...

Five NUP MPs suspended from Parliament

The Deputy Speaker of Parliament, Thomas Tayebwa has suspended five National Unity Platform Members of parliament from attending plenary sitting for three days and...

Why Church of Uganda has selected a committee to investigate Namirembe bishop election process

Church of Uganda House of Bishops has selected a five-man committee to investigate the deferred Namirembe Diocese bishop election process. Led by Rt Rev Johnson...

Bailing out Bitaure: Is govt ignoring Auditor General’s warning on Electromaxx?

The government, it has been announced, intends to purchase Electromaxx Thermal Plant in a deal worth Shs240.9 billion. The inefficient plant supposed to supply power...

Gov’t to give businessman Bitature Shs240 billion bailout

Government is set to pay Shs240,900,000,000 ($66M) to businessman Patrick Bitature as a bailout from the loan demanded by South African Company Vantage Mezzanine...

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