Blog

KAMPALA. Centenary Bank has earlier today committed to positively impacting communities through its Environmental Social and Governance (ESG) agenda. Through its collaboration with INTERPOL that bank recently announced the donation of a state-of-the-art 100-seater tent. This philanthropic gesture aims to enhance INTERPOL’s operational capabilities and further solidify the bank’s commitment to supporting law enforcement agencies in their executions. While making the donation, Joseph Balikuddembe the Executive Director Centenary Bank noted the various avenues with which the leading commercial microfinance institution in Uganda has in the past 20 years collaborated with security agencies like Uganda Police. “Our relationship with Uganda Police spans over 20 years, with a range of different activities, including collection of fees for different services, financial literacy, annual support to Police Football club, account opening for new cadets, water facilities & tents to Kabalye Training school in Masindi, […]

WAKISO. It was a moment of Joy for Truecare Junior School Ssumbwe, when the school joined other performing school to celebrate the good results for PLE. Sonia Nansubuga scored 6 The Headteacher, Ssalongo James Byuma, said that out of 91 pupils who sat their PLE from this school,61 were able to pass on first grade and the rest in second grade. Amwine Lucas scored 6 Mpanga Douglas scored 6 He said that this is their second year in existence, with the first year getting 10 first grades.He congratulated teacher and parents of the school for the wonderful performance. Ssalinho James Byuma Master Steven Musubira

By James Kabengwa LONDON. The Ugandan LBGTQ+ community in the United Kingdom are finally finding solace in London after witch-hunt back home and are now freely expressing their true selves as they brace for this year’s homosexuality events. At the peak of last year, dozens of homosexuals as well as sympathisers joined hundreds of anti-homophobia activists in the Red Run 2023 edition that was organized to stem out stigma among HIV victims at the Victoria Park in London. Ugandan members of AEF during the RED RUN in November 2023 in London Hunted back in Uganda, in London, a group of Ugandan LGBTQ+ community will this year gather at various events to celebrate a milestone in their community's journey towards inclusivity. Despite the challenges they face in their own country, they will proudly unfurl rainbow flags and adorn themselves in colorful […]

By John Kabagambe In anti-corruption news, the year 2023 ended with visible achievements by the Brig Gen. Isoke-led SH-ACU that did some serious heavy lifting, by bursting corruption culprits at various levels using a multi-pronged strategy. The reader will recall that in the first quarter of 2023, Brig Gen Isoke marshalled various security agencies to burst in record time, what came to be known as the mabaati scandal, that had quite a number of disgraced high profile corruption actors such as Ministers. The highly publicized arraignment in court of "Hon" Mary Kitutu (Minister for Karamoja affairs) "Hon" Agnes Nandutu and Amos Lugoloobi (State minister of finance and planning) gave the public some reassurance that, whosoever steals public resources irrespective of whether you are a minister or whatever, you will be tackled and descended on by the indefatigable State house anti-corruption […]

KAMPALA.Bank of Uganda has closed EFC Uganda Limited, a microfinance company due to poor financial standing. The action is based on Sections 72 (1) and 12 (1) (d) & (g) of the Microfinance Deposit-taking Institutions (MDI) Act, 2003 as amended. BOU’s decision which also places EFC Uganda Limited located on Kira Road under liquidation also revoked its license, and ordered the winding up of its affairs effective today, Friday. “Bank of Uganda has determined that the continuation of EFC Uganda Limited’s activities is detrimental to the interests of its depositors due to the institution’s failure to resolve its significant undercapitalization and poor corporate governance,” says BoU Deputy Governor, Michael Atingi-Ego. The regulator says that it will, together with the Deposit Protection Fund of Uganda inform depositors of the arrangements that will be put in place to enable them to access […]

KAMPALA. Ugandan opposition leader and former presidential candidate Bobi Wine on Friday escaped from his besieged home where police had kept under house arrest. National unity Platform leader Bobi Wine plants a banana on a street in Kampala during a city roads pothole protest, January 19, 2024.He slipped from his home in Magere where heavy deployment is on. Police and the military surrounded his residence and put him "under house arrest" ahead of a planned protest yesterday organised by the opposition politicians against the poor condition of roads in Uganda, which is hosting two global summits this month. Wine whose real name is Robert Kyagulanyi, challenged veteran President Yoweri Museveni in Uganda's last election in 2021, calling for an end to his iron-fisted rule. Former presidential candidate Kizza Besigye of the Forum for Democratic Change opposition party said Thursday that […]