Tag Archives: DEAL

Drama unfolded in Kampala as a self-styled “State House insider” was remanded to prison after allegedly pocketing Shs20 million in a brazen scam involving a forged presidential appointment letter to the Uganda Railways Corporation. Nicholas Arinda was arraigned Wednesday before the Buganda Road Chief Magistrate’s Court and charged with forgery, uttering a false document, and obtaining money by false pretence. …

Africa’s so-called banking powerhouse, Nigeria’s Access Bank, is once again under the spotlight after another high-profile merger deal spectacularly collapsed—this time in South Africa. Barely months after Uganda’s Finance Trust Bank (FTB) was left gasping for air following a failed takeover promise, Access Bank has now walked away from a Sh625.4 billion agreement to acquire 100% of Bidvest Bank Holdings …

Kampala is reeling in shock after the brutal killing of a rising TikTok star whose flashy online life ended in a chilling real-life tragedy. Diana Namulinde, popularly known as Skyz or RichWife, a 24-year-old TikToker, was found strangled to death in her apartment, sending waves of fear, grief, and wild speculation across social media and the city’s entertainment circles. Skyz, …

Post Views: 10 By Andama moses.In Masindiwww.mknewslink.comJulius Mugisa, an independent candidate who lost elections to Ronald Akugizibwe Aled of NRM in the just concluded general elections for Buruli County in Masindi district has decided to take legal action against NRM’s Ronald Aled Akuguzibwe challenging his victory citing irregularities during the exercise. Mugisa revealed this during press conference held at …

Uganda’s long-awaited national oil refinery has entered its most decisive phase yet, as the government moves closer to sealing a $4 billion partnership with a United Arab Emirates-backed investor, a step that could significantly alter fuel supply dynamics across East Africa. After more than a decade of delays, the project is now advancing towards a Final Investment Decision, expected by …

Node Group and the U.S. Exchange Alumni Network Uganda (USEA) have officially signed a high-impact public relations partnership aimed at promoting leadership, civic engagement, entrepreneurship, and educational excellence across Uganda. USEA is a national network of over 6,000 alumni of U.S. government-funded exchange programs, driving innovation, leadership, and community transformation across the country. This partnership is grounded in a shared …

Remarks made by retired Chief Justice Owiny Dollo during his retirement and handover ceremony have triggered a fresh controversy over the long-running Mutungo Hill land dispute involving the estate of the late businessman Dr Muhammad Buwule Kasasa and the family of the late Kabaka of Buganda, Sir Edward Walugembe Mutesa II. While handing over office to Acting Chief Justice Dr …

Mukono – President Yoweri Kaguta Museveni has pledged to fast-track alternative road networks around Kampala to ease traffic congestion while vowing to crack down on the theft and mismanagement of Parish Development Model (PDM) funds in Mukono District. Addressing a massive campaign rally at St. Joseph’s Secondary School, Naggalama Grounds in Mukono on Friday, President Museveni said heavy traffic from …

The Uganda Tourism Board (UTB) has entered a strategic partnership with Federation of Uganda Football Associations (FUFA) to position Uganda Cranes as global ambassadors for the “Explore Uganda” brand. The partnership was announced at UTB headquarters on Tuesday 16, December by UTB Chief Executive Officer Juliana Kagwa and FUFA 2nd Vice President Dr.Taibu Azah. The partnership takes immediate effect as Uganda …

A major banking bombshell has hit the financial streets of Kampala — Absa Bank Uganda has gobbled up the struggling retail and wealth wing of Standard Chartered Bank Uganda! The shock deal, sealed on Friday at Stanchart’s head offices, marks the end of an era for one of Uganda’s oldest banks, which has finally thrown in the towel on its …