Museveni Demands Report on $21m BoU Fraud Scandal
President Yoweri Museveni has directed Finance minister Henry Musasizi to provide a detailed report on a fraud involving $21,013,562.31 (about Shs77.1 billion) at the Bank of Uganda (BoU). The funds, which were meant for servicing Uganda’s external debt, were instead diverted through fraudulent transactions to MJS International Ltd in London,
Gov’t to Borrow Shs 422.7b for South Sudan Power Project
The government is seeking to borrow Shs 422.7 billion (approximately $121.9 million) from the African Development Fund (ADF), the concessional arm of the African Development Bank (AfDB), to finance the South Sudan Power Interconnection Project, Daily Star has learned. According to the Order Paper for today’s parliamentary sitting, Henry Musasizi,
Aid, Trade, Context and Local Solutions: The Post-USAID World
by Christopher Burke Seven weeks after President Donald Trump announced a pause in operations of the United States Agency for International Development (USAID) to assess programmatic efficiencies and consistency with US foreign policy; Secretary of State Marco Rubio, also acting administrator at USAID, announced 83 percent of the agency’s programmes
BoU Fraudulent Payment: Court Releases Accountant General, Five Others
High Court has released Accountant General Lawrence Ssemakula and five others implicated in the fraudulent payment of Shs 60 billion by the Bank of Uganda. Ssemakula was released alongside Commissioner of Treasury Services Jennifer Muhuruzi, as well as Judith Ashaba, Dorothy Kusiima, Betinah Nayebare, and Nkakubo Lumala. Appearing before Justice
