Kampala, Uganda | HAGGAI MATSIKO | The cost of taking over Crane Bank continues to skyrocket and could hit way over Shs. 500 Bn, The Independent can exclusively report. The latest revelations indicate that the lawyers, who represented Bank of Uganda in the entire process of taking over Crane Bank …

  SGR: Chinese contractor faces boot as Kutesa camp returns Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni is renegotiating the Standard Gauge Railway (SGR) contract – again. And the negotiations are not going his way, meaning that once again the project is likely to be delayed even more. …

Finishing off Kayihura – And the hunt for Crime Preventers’ boss Kampala, Uganda | HAGGAI MATSIKO | The noose around besieged former Inspector of Police Kale Kayihura continues to tighten as a joint Internal Security Organisation (ISO) and Chieftaincy of Military Intelligence (CMI) operation pursues more of his close associates. The …

His enemies and the traps that got him Kampala, Uganda | HAGGAI MATSIKO | When former Police Chief, Gen. Kale Kayihura will be charged, whether of murder, sabotage, espionage or any other of the crimes for which he is said to be facing investigation; his real crime will be that of …

Tainted minister handling big deals for President Kampala, Uganda | HAGGIA MATSIKO | Kampala, Uganda | THE INDEPENDENT | That drama that played out on May 8 when Betty Amongi, the Minister for Lands, Housing and Urban Development, appeared before the Land Inquiry sitting in Kampala left one question: What would President …

BOU GOV RACE: IMF’s Ating Ego, Kasekende, Muhakanizi, Kiiza in race Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni is looking to replace his long-serving Bank of Uganda Governor, Emmanuel Tumusiime Mutebile. The Independent can exclusively report that Mutebile’s replacement is likely to be a totally unexpected choice. Highly placed …

MUSEVENI 7-YEAR-TERM: Details of how his team plans to get it Kampala, Uganda | HAGGAI MATSIKO | Just days after the Constitutional Court sitting in Mbale completed hearing of a case challenging amendments passed last year to remove the 75-year constitutional age limit to allow President Yoweri Museveni to contest again …

Auditor General spills secrets of Coop Bank, Greenland Bank Kampala, Uganda | HAGGAI MATSIKO | On March.23, Auditor General (AG) John Muwanga wrote a confidential note to the Governor of the Central Bank, Emmanuel TumusiimeMutebile. The note a copy of which The Independent has seen is titled Draft report of the …

Fly on the wall at lunch between Mutebile and Kasekende Heated top executive meeting Kampala, Uganda | HAGGAI MATSIKO | It is 1:30 PM April 04. Governor Emanuel Tumusiime Mutebile, wearing a charcoal grey suit, white shirt and blue-checkered tie, is having lunch together with other bank executives in the Governors’ …

    DFCU DEAL: Taxpayer stands to lose Shs300bn  Kampala, Uganda | HAGGAI MATSIKO | When Juma Kisaame; the Managing Director of DFCU Bank, looks at its latest financial results, he might have reason to smile and to worry. The bank’s latest financial results have excited shareholders but are also …