Crane Bank Wrote Off Shs101b in Bad Loans, Says Report

[Monitor] Kampala -Crane Bank wrote off more than 180 loans and advances amounting to more than Shs101b, a preliminary report of a forensic investigation prepared by the audit firm PricewaterhouseCoopers on behalf of Bank of Uganda shows.

[Monitor] Kampala -Crane Bank wrote off more than 180 loans and advances amounting to more than Shs101b, a preliminary report of a forensic investigation prepared by the audit firm PricewaterhouseCoopers on behalf of Bank of Uganda shows.

source: AllAfrica News: Uganda

Two Brothers Drown in Former MP’s Fish Pond

[Monitor] Namutumba -Residents of Kategere village, Magada Sub County, Namutumba District were on Monday left grief-stricken when two brothers drowned in a pond belonging to their former Member of Parliament.

[Monitor] Namutumba -Residents of Kategere village, Magada Sub County, Namutumba District were on Monday left grief-stricken when two brothers drowned in a pond belonging to their former Member of Parliament.

source: AllAfrica News: Uganda

Six Tycoons Probed Over Shs244b Crane Bank Loans

[Monitor] Kampala -Crane Bank suspiciously advanced more than Shs244b in separate loan amounts to companies owned by six tycoons, a preliminary forensic audit report conducted by PricewaterhouseCoopers shows.

[Monitor] Kampala -Crane Bank suspiciously advanced more than Shs244b in separate loan amounts to companies owned by six tycoons, a preliminary forensic audit report conducted by PricewaterhouseCoopers shows.

source: AllAfrica News: Uganda

Residents Sue Kampala City Over Demolition

[Monitor] Kampala -More than 844 residents of Mbuya, a Kampala suburb have sued Kampala Capital City Authority (KCCA) for alleged demolition of their property on the land owned by Uganda Rift Valley Railyways.

[Monitor] Kampala -More than 844 residents of Mbuya, a Kampala suburb have sued Kampala Capital City Authority (KCCA) for alleged demolition of their property on the land owned by Uganda Rift Valley Railyways.

source: AllAfrica News: Uganda

117 Elections Nullified Since 2015 Elections – INEC

[Premium Times] The Chairman of the Independent National Electoral Commission, INEC, Mahmood Yakubu, said one of the major challenges of the commission was failure of political parties to properly conduct primary election.

[Premium Times] The Chairman of the Independent National Electoral Commission, INEC, Mahmood Yakubu, said one of the major challenges of the commission was failure of political parties to properly conduct primary election.

source: AllAfrica News: Nigeria