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NEWS ANALYSIS

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Besieged banker

By Joan Akello UDBL’s Sejjaaka under siege as Kampala’s lone development bank faces financial squeeze The Uganda Development Bank Ltd has been ailing for decades. But even by its own poor record, something that happened after 2009 marked a new low. The bank’s profit for the year dropped from Shs11 …

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No whistleblower?

By Haggai Matsiko Works PS Muganzi quizzed over Shs 15bn `ghost’ project The police has interrogated officials of the Ministry of Works, including the Permanent secretary, Charles Muganzi, in connection with an alleged `ghost’ project in which the government is feared to have lost over Shs 15 billion. The racket …

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