Author: Solomon Katushabe

Jailed former National Social Security Fund (NSSF) MD David Chandi Jamwa and 12 other inmates (11 of whom had been convicted for defilement and one for manslaughter) have been offered forgiveness under the Presidential Prerogative of Mercy, a signed document by President Museveni has revealed. President Yoweri Museveni’s instrument of pardon stated that, “In the exercise of the power vested in me under article 121 (1) (a) of the Constitution of the Republic of Uganda, 1995 as amended and on the advice of the Advisory Committee on the Prerogative of Mercy, I hereby grant pardon to the persons below, on…

CGMD Miner, one of the world’s leading hash-rate providers which was dubbed the most profitable mining platform in the past three years by billionaire Elon Musk, has announced the public release of its revolutionary cloud mining platform, offering crypto investors a convenient and efficient entry into cryptocurrency mining. Cryptocurrencies have transformed how we generate income, and mining digital currencies have become increasingly popular. However, setting up mining equipment and managing mining operations can be daunting for novice miners. With CGMD Miner’s cutting-edge cloud mining solution, investors can earn passive income without purchasing and maintaining physical mining equipment. What is Cloud…

It’s been a record-breaking winning spell for betPawa customers in Uganda, with every single life-changing win paid. Over the last 10 days, a combined UGX 114 Billion won by 421,046 customers has been paid out by the betting site. betPawa were able to honour their commitment to guaranteed payments by settling all winning betslips. One of the most notable wins was UGX 277 Million from a UGX 50,000 stake, for betting on 27 legs. A further 7,568 Uganda betPawa customers won at least UGX 1 Million or more. Across Africa, betPawa, which operates in 11 markets, had a record 27,938…

Ugandan Member of Parliament in the East African Legislative Assembly (EALA), Honorable Jacqueline Amongin, on Saturday, exchanged wedding vows with her husband Achelles Lubega. The couple was wedded by Bishop Joseph Oliach Eciru, the Bishop of Soroti at the Uganda Martyrs Basilica in Munyonyo. Hon Amongin is one of the nine Ugandan representatives at the regional parliament, having previously served as the MP for Ngora, while Mr Lubega, is a lawyer who contested unsuccessfully in Makindye West Parliamentary elections in 2021. During his sermon, Bishop Eciru congratulated the couple, referring to their union as the granting of a “mining license”…

Bank of Uganda has issued a directive to supervised financial institutions, including commercial banks, requiring them to cease outsourcing company secretary roles, The Ugandan Wire has learned. The directive, as outlined in the Bank of Uganda Annual Report for 2023, is motivated by the need to restrict access to sensitive and confidential information and to bolster corporate governance within these institutions. The report specifies that all supervised financial institutions must have in-house company secretaries by December 31, 2023. Bank of Uganda’s rationale for this change is that the role of a company secretary has become increasingly integral to the management…

The Archbishop of Kampala Diocese, Paul Ssemogerere has called on Christians to work hard and break free from poverty if they ever want to even ‘smell’ the afterlife. The archbishop was addressing mass at the priestly golden jubilee and episcopal silver jubilee celebrations for the retired ambassador of Vatican (Apostolic Nuncio) Archbishop Augustine Kasujja. The celebrations which attracted thousands of faithfuls were held on Sunday in Mitala Maria, Mpigi District. Ssemogerere urged Christians to use their God-given talents and the gift of life to uplift themselves from poverty, reminding them that God has no place in heaven for the poor.…

Evoke is back with Season 4, EVOKE TUKO. The primary focus of this season is on nurturing and showcasing the remarkable talent of the band that encapsulates the essence of Evoke’s vision. Under the guidance of Evoke’s visionary team, Ibhendi By Evoke will weave together melodies that evoke a wide range of emotions, captivating audiences and forging connections that transcend boundaries. This season is billed to be the most engaging within the Evoke audience also called the Evoke Army. “This being our first major agenda since the lockdown, we have been deliberate about creating an engaging experience,” expressed Giovanni Bahemuka,…

The Parliament select committee investigating the mismanagement of the National Social Security Fund (NSSF) has dismissed allegations of financial loss on select investment projects in their report tabled in Parliament on 2nd March 2023. These projects include the investment in MTN, Quality Chemicals, construction of Mbuya Citadel apartments and the Fund’s land in Mbarara. Regarding the investment in MTN and Quality Chemicals, the committee observed that the Fund’s participation in equity purchase in both companies was in conformity with the Capital Markets Authority (CMA) and Uganda Security Exchange (USE) rules. CMA and USE are responsible for stock exchange in Uganda.…

The National Social Security Fund (NSSF) management has clarified to Parliament that the purported purchase of Nakigalala land has not yet taken place, and the UGX 400b that Minister Betty Amongi claimed was used to purchase one piece of land was actually budgeted for 2 pieces of land – one at Nakigalala and another at Nakawa following a proposed partnership with Uganda Police. The minister of Gender, Labour and Social Development Hon. Betty Amongi had earlier claimed that NSSF budgeted to purchase land at Nakigalala at UGX 400 billion whereas she had obtained a valuation of UGX. 246 billion for…

Finance Trust Bank (FTB) on Friday 16th December, 2022 opened their new Head Office in style as they marked their 38th anniversary in Kampala. The bank, which servers over 500,000 customers country wide unveiled unveiled their Head Office at TWED Plaza, Lumumba Avenue in Nakasero – Kampala at a ceremony that had their board members, senior management, staff, invited guests and the media. The ceremony was presided over by Dr. Tumubweinee Twinemanzi, the Executive Director of Supervision at the Bank of Uganda.  Founded in 1984 as Uganda Women’s Finance Trust Limited, the Bank’s objective was to provide financial services to…