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Lion Assurance’s AIG takeover

What happens after `minnow’ swallows former giant of Uganda’s insurance sector? When regional insurance firm Lion Assurance Company (LAC) confirmed plans to take-over agents and business formerly under the American International Group (AIG), the first question was “how?” AIG-Uganda has been the third leading insurance company by assets in Uganda, …

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VIDEO: CEO, girlfriend held over Lugogo mall murder

VIDEO: Police have detained  Mathew Kanyamunyu at Jinja Road Police Station too help in investigations in an incident in which Akena Kenneth Watmon was shot and died soon after on Saturday  at Forest Mall in Kampala. Initial reports indicated that Akena was shot after he crashed into Kanyamunyu’s car. Kanyamunyu, who is …

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EU announces $85million for South Sudan crisis

The European Commission will provide €78 million ($85m) in emergency aid to help those affected by the South Sudan crisis both within the country and in the region. Over one million refugees from South Sudan have fled to neighbouring countries, with the number expected to grow. There are currently two million …

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VIDEO: Uganda agrees to ‘export’ maids to Jordan

VIDEO: Government of Uganda has lifted the ban on ‘exportation’ of labor to Middle East countries which were imposed after various complaints of sexual harassment and torture. According to the Minister of gender, labor and social development Janat Mukwaya, the agreement will include fully paid-up insurance and assurance fee of 50,000,000 from …

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PENSION: Lwamafa, Obey and Kunsa verdict today

The Anti-corruption Court will today decide the fate of three former officials of Ministry of Public Service in the Pensions Scam case. The three former officials of Ministry of Public Service currently on remand in Luzira prison, are accused of irregularly budgeting sh88 billion for NSSF and paying it to …

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VIDEO: Makerere University guild president held

VIDEO: Police on Thursday morning held Makerere University Guild President Roy Ssemboga together with a group of students as they attempted to march to parliament. The group of students said they wanted to march to parliament to petition the speaker over the continued closure of the university, that has caused them …

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Uganda’s economy sound, says IMF

The economy isn’t in such a bad shape as earlier thought, the International Monetary Fund (IMF) has said in its latest assessment. Speaking at the conclusion of a two-week’s 7th review of Uganda’s economic programme under the Policy Support Instrument (PSI), Axel Schimmelpfennig, the IMF Mission chief, said the country’s prospects …

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 Ssematimba’s election case for November 21

The Court of Appeal  on Wednesday cause listed dates for hearing the pending election appeals that arose from High Court decisions declaring several MPs’ seats vacant. This due to election malpractice and wanting academic qualifications. Among the appeals to be heard is that of Busiro South MP Peter Ssematimba against …

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