Kampala, Uganda | HAGGAI MATSIKO | The cost of taking over Crane Bank continues to skyrocket and could hit way over Shs. 500 Bn, The Independent can exclusively report. The latest revelations indicate that the lawyers, who represented Bank of Uganda in the entire process of taking over Crane Bank …
Read More »Railway officials take 750Bn in bribes
Angry Museveni renegotiates contract, gets bribes list Kampala, Uganda | HAGGAI MATSIKO |Â President Yoweri Museveni has been told, according to insiders, a Chinese contractor paid officials and commission agents a whooping $ 200 million (approx.750bn) in order to secure a contract to construct the Standard Gauge Railway (SGR). Insiders say …
Read More »Saleh’s hand in Sudhir BoU fight revealed
Links with recent uproar over Bagyenda, dfcu Kampala, Uganda | HAGGAI MATSIKO |Â Gen. Caleb Akandwanaho aka Salim Saleh is urgently seeking to sort out the Crane Bank, BoU, and dfcu Bank saga, The Independent has learnt. Sources close to the General who is the de facto Number Two in his …
Read More »Kaweesi murder investigations
Kampala, Uganda | HAGGAI MATSIKO |Â Since the military arrested the former Inspector General of Police, Gen. Kale Kayihura, they have sought to pin him for the murder of former Assistant Inspector General of Police, Andrew Felix Kaweesi. The Independent has learnt that the team actively investigating Kayihura on alleged connection …
Read More »Finishing off Kayihura
Finishing off Kayihura – And the hunt for Crime Preventers’ boss Kampala, Uganda | HAGGAI MATSIKO | The noose around besieged former Inspector of Police Kale Kayihura continues to tighten as a joint Internal Security Organisation (ISO) and Chieftaincy of Military Intelligence (CMI) operation pursues more of his close associates. The …
Read More »Kayihura’s fall
His enemies and the traps that got him Kampala, Uganda | HAGGAI MATSIKO |Â When former Police Chief, Gen. Kale Kayihura will be charged, whether of murder, sabotage, espionage or any other of the crimes for which he is said to be facing investigation; his real crime will be that of …
Read More »Museveni’s hand in Amongi lands saga
Tainted minister handling big deals for President Kampala, Uganda | HAGGIA MATSIKO |Â Kampala, Uganda | THE INDEPENDENT |Â That drama that played out on May 8 when Betty Amongi, the Minister for Lands, Housing and Urban Development, appeared before the Land Inquiry sitting in Kampala left one question: What would President …
Read More »Museveni looks for new BoU governor
BOU GOV RACE: IMF’s Ating Ego, Kasekende, Muhakanizi, Kiiza in race Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni is looking to replace his long-serving Bank of Uganda Governor, Emmanuel Tumusiime Mutebile. The Independent can exclusively report that Mutebile’s replacement is likely to be a totally unexpected choice. Highly placed …
Read More »Museveni wants seven year term
MUSEVENI 7-YEAR-TERM: Details of how his team plans to get it Kampala, Uganda | HAGGAI MATSIKO |Â Just days after the Constitutional Court sitting in Mbale completed hearing of a case challenging amendments passed last year to remove the 75-year constitutional age limit to allow President Yoweri Museveni to contest again …
Read More »Why BoU sells banks cheaply
Auditor General spills secrets of Coop Bank, Greenland Bank Kampala, Uganda | HAGGAI MATSIKO |Â On March.23, Auditor General (AG) John Muwanga wrote a confidential note to the Governor of the Central Bank, Emmanuel TumusiimeMutebile. The note a copy of which The Independent has seen is titled Draft report of the …
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