A bitter scramble for billions from a United Nations agriculture fund has landed the national coordinator of Hongera Sana Uganda in serious trouble, exposing deep cracks within Uganda’s security establishment and raising troubling questions about the use of intelligence agencies in civilian programmes. Hongera Sana — a Swahili phrase meaning “big congratulations” — was unveiled as a national initiative under …
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LEGAL EARTHQUAKE! Banking and Insurance Sectors on Edge as Finance Trust, Sanlam Clash in Mega Sh30bn Insurance Showdown
Uganda’s banking and insurance industries are on high alert as a courtroom battle erupts over who should pay for a trail of disastrous land valuations that left Finance Trust Bank exposed to massive loan losses. At the centre of the fight is a Shs300 billion claim—one of the largest ever—based on allegations that Katuramu & Company Consulting Surveyors filed wildly …
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