Tag Archives: cash

20 companies, including CIC Insurance, Equity Bank, and several universities, have been penalised a total of Sh2.2 billion for failing to hand over unclaimed financial assets to the Unclaimed Financial Assets Authority (UFAA), Kenya media reports. The fines follow a detailed audit by Kenya’s Auditor-General, which revealed that these firms withheld dividends, insurance payments, dormant savings, and other idle funds …

The State House Comptroller, Ms. Jane Barekye has cautioned the Presidential Industrial Skilling Hub SACCO leaders against misappropriating funds. “If you use these funds properly,President Yoweri Kaguta Museveni has promised to add more into your SACCOs,”she said. The State House Comptroller made the remarks yesterday while leading a training session on the proper management of funds for the SACCO leaders …

By Eric Yiga A storm of controversy has erupted in Mukono District over the alleged mismanagement of Shs 100 million and several motorcycles that President Yoweri Museveni donated to ghetto supporters across the country. The funds and motorcycles—meant to empower and improve the welfare of ghetto youths—have instead become the source of anger, accusations of corruption, favoritism, and misuse among …

Post Views: 1 BY WILBER MUHWEZI KASIBANTE[MK]IN BUSHENYIwww.mknewslink.comSince it’s a heated political season in the entire Uganda. Maj. Gen. Kahinda Otafiire used the opportunity of dedicating s4 and s6 students of St. Kana international school to call upon voters in Uganda to desist from demanding money from their leaders because it’s a bad practice and must be discarded.The no …

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