The News Today

  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 …

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 …

Paris, France | AFP |    Nearly three-fifths of all animals with a backbone — fish, birds, amphibians, reptiles and mammals — have been wiped out since 1970 by human appetites and activity, according to a grim study released Thursday. On current trends, that plunge in stocks of global wildlife …

The Constitutional Court has dismissed an  application filed by a concerned citizen that had sought to block government from giving sh150 million to each Member of Parliament (MP) to enable them purchase personal cars. Justice Richard Buteera ruled that the petitioner Twaha Sanywa had failed to demonstrate to court how him …

Paris, France | AFP | A labelling error and reckless media hype in the 1980s led to unjustly branding a gay airline employee as “Patient Zero” in the US AIDS epidemic, scientific and historical sleuthing detailed Wednesday. The deadly virus, which has claimed more than 650,000 lives in the United …

Locked up mineral wealth, fortunes: President Museveni, mineral experts, policy makers exchange ideas on way forward for Uganda’s dormant mineral industry prospects Early this month, Uganda hosted the fifth Mineral Wealth Conference, which was organized by the Uganda Chamber of Mines and Petroleum (UCMP) under the theme, “Attracting Exploration Investment …

National carrier revival question: World Bank calls for more focus on high cost of doing business instead At the beginning of his fifth term in office, President Yoweri Museveni set tongues wagging when he included the revival of the national career among his 20 priority programmes in this term of office. …

This October, there have been reports of many Ugandans returning to South Sudan where many suffered during the recent deadly clashes in parts of the country. And, with the volatility that has wrecked the newly independent country, it is always a matter of time before another round of clashes takes …

 Oil refinery trouble: Museveni pushed into tight corner A shadowy international company registered in the British Virgin Islands (BVI), a major international tax haven is high up on the list of companies government is courting to invest in the $ 4 billion oil refinery, investigations by The Independent have found. …

1900 Buganda agreement ghosts return to haunt Kabaka’s government A group of Buganda youth recently besieged the Mengo headquarters of Bulange demonstrating against what they said was Katikkiro Charles Peter Mayiga failure to prevent the Buganda Land Board (BLB) from harassing people. According to the youth it is Mayiga’s reluctance …