COVER STORY: How Crane Bank fell – Why President Yoweri Museveni’s behind – the-scenes-maneuvers and directives to Prime Minister Dr. Ruhakana Rugunda to save Sudhir’s bank hit a snag. Lessons for Uganda from the failure of Crane Bank and what should be done going forward. THE LAST WORD: Bringing …
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The High Court in Kampala on Wednesday summoned the Attorney General of Government and National Medical Stores (NMS) to respond to claims that it has continuously withdrawn money from the consolidated fund to purchase imported anti-retroviral and anti-malarial drugs from a local manufacturer disguised as locally made. Documents presented to …
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Following a series of speculative social media posts, Nakumatt Holdings has come out to say that “despite a number of unforeseen business challenges”, they are undertaking reforms and seeking financing that will stabilize their operations across East Africa. “We wish to reassure all our stakeholders that the business is solid despite …
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The Independent Uganda: You get the Truth we Pay the Price