Isaac Nabimanya, Author at The Capital Times

News

Unearthing Rot In BoU: Leaked Meeting Minutes Indicate Top Managers Knew Liquidating Crane Bank Was Illegal But Adamantly Proceeded

On November 9, Bank of Uganda (BoU) announced that it had commenced Crane Bank’s liquidation in a notice signed by Profesor Emanuel Mutebile the Central Bank’s Governor. “Bank of Uganda (BoU) took over management of Crane Bank Ltd (CBL) on October 20,

November 18, 2020

Health

Moderna: Covid-19 Vaccine Shows Nearly 95% Protection

By Agencies Another COVID-19 vaccine has shown exciting results, potentially adding millions of doses to the supply of vaccines that could be available this year. The vaccine from biotech firm Moderna was 94.5% effective, according to an early analysis of clinical trial results that

November 17, 2020

Business

Seruga Titus: BoU Injects Shs 475Bn In Crane Bank For Three Months But Fails To Account For It

By Seruga Titus One would assume that at the time of closure Crane Bank had cash in all its branches, Crane Bank had cash in safes, and money at the Central Bank, what happened to this money? Did it all go to

November 17, 2020

News

Immigration Directorate Suspends Staff Allowances As Covid-19 Pandemic Hits Economy

The ministry of internal affairs under the Directorate of Citizenship and Immigrations Control has suspended all lunch allowances for all staff due to financial constraints. Director Maj. Gen. Apollo Gowa Kasiita, has notified all heads of departments to halt serving lunch to

November 17, 2020

Sports

Mogul Rajiv Ruparelia, 46 Others Register For Afrika Kwetu Fuel Economy Tour

47 entries have already registered and approved for the three-day Africa Kwetu Fuel Economy Tour in the western districts of Uganda due November 20-22. Clerk of the course Justin Mungoma confirmed this on Tuesday during the unveiling of new partners that included

November 17, 2020

News·Politics

M7 Vows To Sack RDCs Over Dull Services Delivery

National Resistance Movement ‘NRM’ Presidential Candidate Yoweri Kaguta Museveni has vowed to dismiss Resident District Commissioners (RDCs) and Chief Administrative Officers (CAOs) over failure to ensure that all boreholes and water sources in villages are functional. The President issued this directive while

November 17, 2020

Business

Counsel Ssemakadde: There Were Loopholes In Crane Bank Receivership

City Lawyer Isaac Ssemakadde says Bank of Uganda and its legal advisors are wrongly interpreting the financial institutions Act by moving ahead illegally to liquidate Crane Bank Limited. According to him, there are two court rulings already from the High Court commercial

November 17, 2020

News

Congratulations! Commonwealth Speke Resort Munyonyo Wins Accolade At World Luxury Hotel Awards

The excited management of Speke Resort and Conference Centre in Munyonyo have took to social media to announce an important milestone in what has proved to be a tough year in the hospitality sector globally – they had been named the Best

November 17, 2020

Politics

NRM Manifesto On Industrialisation Is On The Spot For Uganda’s Development-Hillary Ainesasi

National Resistance Movement ‘NRM’ is committed to ensuring that Uganda’s mineral wealth, using a science-led approach, is fully exploited to develop an integrated industrialisation agenda. Using import substitution and export promotion strategies, NRM’s policy is to industrialize using Uganda’s mineral resources. This

November 17, 2020

Health

City Engineer Pichan Succumbs To Covid-19 At Mulago Hospital

Phillip Pichan, a construction engineer with the Local Government ministry has succumbed to COVID-19 at Mulago Referral Hospital. According to one of his friends Honesty Matu revealed that Eng.Pichan was rushed to hospital last week after developing breathing complications, severe headache and

November 17, 2020