Paul Muganwa joins Stanbic Bank Uganda Board as Executive Director
Stanbic Bank has appointed Paul Muganwa as Executive Director, and a member of the Board of Directors. The appointment is in addition to his current role as Head of Corporate & Investment Banking (CIB). The appointment increases the number of Executive Directors to three, including Sam Mwogeza, Executive Director-Personal and
South Sudan’s Vice President Riek Machar arrested
South Sudan’s First Vice President Riek Machar was arrested in Juba, his party’s Foreign Relations Committee chairman said in a statement. According to DW news, Machar, a long-time rival to President Salva Kiir, was arrested at his compound in an arrest involving “20 heavily armed vehicles,” Machar’s SPLM-IO party said
Gov’t Officials Plotted to Overpay Shs 267.6 billion in UMEME Buyout
The Ugandan government was set to lose Shs 267.6 billion in the UMEME buyout, Daily Star has learned. This revelation emerged during the handover of the Auditor General’s report on the transaction. According to the report, the US$190,988,556 (Shs 700.218 billion) loan secured from Stanbic Bank for the UMEME buyout
Retired Supreme Court Judge Prof. Kanyeihamba critically ill
Retired Supreme Court Judge Prof. George Kanyeihamba is critically ill, The Daily Star can reliably report. The former cabinet minister is currently admitted at Nakasero Hospital. “Prof. Kanyeihamba has been bedridden for some time and was admitted to Nakasero Hospital last week,” a source revealed. Prof. Kanyeihamba, who previously served
US Embassy Employee Dies in Kampala Floods
George Bogere, an employee of the US Embassy and a resident of Luteete Village, Kasangati Town Council in Wakiso District, has died in the devastating floods that hit Kampala. The heavy rains, which struck yesterday, caused severe flooding, cutting off several roads and claiming at least seven lives. By yesterday,
Five People Perish in Kampala Floods
At least five people have lost their lives in the recent Kampala floods, the Daily Star can reliably report. The revelation was made by Luke Owoyesigyire, Deputy Police Spokesperson for Kampala Metropolitan. The bodies of the deceased have been transported to the City Mortuary, Mulago, for postmortem examination. “The Kampala
Ethiopian Airlines Group and African Development Bank sign Letter of Intent for financing of world-class Abusera International Airport
The African Development Bank and Ethiopian Airlines Group have signed a Letter of Intent for the development of the East African nation’s planned Abusera International Airport Project. The $7.8 billion project aims to address increasing passenger and cargo demands, reinforce Ethiopia’s position as a leading aviation hub, and stimulate regional
African NOCs Boost Project Development with Innovative Financing Strategies
African national oil companies (NOCs) are leveraging innovative financing strategies to advance oil and gas projects, ensuring continued investment despite shifting global energy markets. Through various innovative strategies such as privatization and divestment, bond issuances, development finance and resource-backed loans, NOCs are not only strengthening their financial capacity but positioning
Ikon Awards 2025 To Honour Culture, Heritage
In a bid to promote culture, the iKON Awards have adopted traditional attire as the official dress code for the highly anticipated 3rd edition of 2025. Under the theme, ‘Back to the Roots’, all guests including nominees, VIPs will don traditional outfits to showcase the beauty of their cultures and
Nalukoola Swears in, Speaker resolves to allocate him more speaking time
Erias Luyimbazi Nalukoola has officially been sworn in as the Member of Parliament for Kawempe North. The swearing-in ceremony took place earlier today in the Speaker’s Chambers. Nalukoola won the by-election after defeating his closest rival, Faridah Nambi of the National Resistance Movement (NRM), who secured 8,593 votes. He defeated
