November 2021 – Elite News

Nov292021 by Abel kawereNo Comments

UPDF Officer Arrested For Supplying Government Stores To Robbers

FEATURED, GOSSIP, Latest News, NEWS, Politics, Rwanda

Arthur Nuwagaba, a warrant officer II attached to the finance office in the Chieftaincy of Military Intelligence-CMI, Mbuya in Kampala was arrested on Thursday. His detention stemmed from the arrest of his accomplices in intelligence-led operations in Kidokoro zone, Kawempe Ttula, Kawempe division last week following reports of robbery and impersonation by the suspects. Two of the suspects are Ashraf Agaba and one Ahabwe. Their colleague identified as Junior Shadrach alias Vincent Atwine who has been posing as Assistant Superintendent of Police is still at large. A senior security source that was involved in the arrest says that Nuwagaba has been supplying the suspects with military and police uniforms to engage in illegal activities. “They have been moving around different places in K...

Nov292021 by Abel kawereNo Comments

Minister Mutasingwa Halts Surveying of Contested 1 Square Mile Peace Of Land In Nyenga.

Business, FEATURED, Latest News, NEWS, Politics

The Minister of state in the vice president's office has halted the planned eviction of more than 10,000 residents on a contested piece of land in six villages in Nyenga Division, Buikwe District, The land in question belongs to Nambi Sarah and the late Kinaalwa who was acting as the caretaker, measuring 1000 acres. The said Nambi Sarah, hired city Lawyer Kenneth Paul Kakande and real estate dealer Natasha Namubiru to process for her the land title in the exchange of 70 acres for the work done. The affected residents are from the villages of Kanyogoga Butema, Kinaabi, Nsenge, Nakakumbi, Mulungu. gathered at Kinaabi UMEA primary school to explain their dismay to the minister. The residents revealed that it's Natasha and Kakande that have started imposing new laws of rejecting Busuulu fr...

Nov262021 by Abel kawereNo Comments

HAM VS DTB CASE: DTB ADMITS TO COMMITTING ILLEGALITIES, HAM FILES AND AWAITS JUDGEMENT ON ADMISSIONS IN THEIR SUBMISSIONS.

Business, FEATURED, Latest News, NEWS

Brief History Ham Enterprises (U) Limited (The company) and Diamond Trust Bank (The Bank) had a 10 Year long term Banking relationship where Ham Enterprises (U) Limited as the client made huge transactions on its accounts with the bank equally extending Loan facilities to the company and the company would promptly pay off these loans until an outstanding balance of USD 10,000,000 (United States Dollar – Ten Million only) which the company claims was not reducing despite having paid huge amounts of money towards loan clearance over time. The company therefore decided to carry out a figurative and legal Audit on all its accounts through which Audit report from the company’s accounts and Loan statements availed from the Bank records revealed that all loans were already paid to zero balance a...

Nov262021 by Abel kawereNo Comments

FORTEBET FIRES UP BUGWERE, KUMI WITH PRICELESS GOODIES

Business, FEATURED, Latest News, NEWS

Fortebet clients in Pallisa, Kibuku, Kumi, Budaka and Kadama experienced a rare thrill as hhundreds bagged Fortebet gifts. Over 1000 clients received atleast a gift. The gifts, among others, included phones, jerseys, t-shirts, pens and wristbands. Fortebet also gave out reflector jackets to bodaboda riders in Pallisa in a bid to reduce their chances of being knocked, especially during the night. All the gifts were handed over by Fortebet brand ambassador, Alex Muhangi together with John Nanyumba, the company’s media manager. “I will forever call Fortebet my betting home because I came here with no expectation of getting it. I am also happy because even my friends have won some other gifts,” said the winner of the phone at Pallisa main branch. The bodaboda cyclists in Pallisa taxi park,...

Nov252021 by Abel kawereNo Comments

Libya Election Head Rules Out Saif Al-Islam Gaddafi as presidential Candidate

Business, FEATURED, Latest News, Politics, Rwanda

Libya’s election commission said on Wednesday that Saif al-Islam Gaddafi, the son of the former ruler and a major candidate in December’s planned presidential election, was ineligible to run, compounding the turmoil surrounding the vote. Gaddafi was one of 25 candidates that was disqualified in an initial decision pending an appeals process that will ultimately be decided by the judiciary. Some 98 Libyans registered as candidates. Disputes over the election rules, including the legal basis of the vote and who should be eligible to stand, threaten to derail an internationally backed peace process aimed at ending a decade of factional chaos. The military prosecutor in Tripoli had urged the commission to rule out Gaddafi after his conviction in absentia on war crimes charges in 2015 for hi...

Nov232021 by Abel kawereNo Comments

Prince Nakibinge Appoints Sheikh Muhammad Galabuzi, As Supreme Mufti of Uganda

Business, FEATURED, GOSSIP, Latest News, NEWS, Politics

According to Dr. Muhammad Musoke Kiggundu, the Director of Communication and research in the office of the Supreme Mufti of Uganda, Galabuzi will be deputised by Sheikh Ibrahim Mustafa Brands and Sheikh Mahad Kakkoza. Sheik Muhammad Galabuzi has been appointed Supreme Mufti of Uganda. Deputies: Sheik Ibrahim Mustafa Brands and Sheik Mahad Kakooza. Galabuzi replaces Sheikh Muhamood Kibaate who was named in April this year as the acting Supreme Mufti following the resignation of the then supreme Mufti Sheik Kasuule Ndirangwa. Sheikh Galabuzi will be sworn in this Friday at Kibuli alongside his two deputies Sheikh Ntanda and Sheikh Mahad Kakooza. Sheikh Ndirangwa’s resignation came moments after the death of outspoken Sheikh Nuhu Muzaata who was the spokesperson of the Kibuli faction. Th...

Nov232021 by Abel kawereNo Comments

Namilyango College Vs Former Student Case Flops, Court Sets 8th, Jan 2022 For Hearing

Education, FEATURED, GOSSIP, Latest News, NEWS, Politics, Rwanda, SPORTS

Mukono High Court resurrects George Eronda case against Namilyango college School, in 2019 Eronda petitioned Mukono high court challenging his unlawful expulsion from the school, a thing that led him to miss his 2019 UCE finals. Eronda was transferred to another center of Buddo ss without his consent and the parents and when he went sit his first paper Mr. Constantine Mpuuga Sajjabi told him that he was not their student and that he should go to Buddo ss. Eronda through his lawyer Walter Bwiire ran to court and secured a Court order from Mukono High Court directing Namilyango college to allow him sit for the exams which but the Namilyango college defied the order and denied the boy to sit. Wandera Eronda, the father of the student, wants Namilyango college to compensate him for the four...

Nov222021 by Abel kawereNo Comments

Foreign Capital & Taxation As A Matter Of National Interest

Business, FEATURED, GOSSIP, Latest News

There is a general presumption and saying that capital has no home but within realistic parameters the home of capital is its place of origin because it always goes back with its profits or returns on investments. Capital holds much more value in countries like Uganda where fixed deposits have monthly interest returns of up to 15% and 25 – 30% if invested in loans through commercial Banks as compared to developed countries where interest on loans is as low as 5%, 1% or even 0.5%. In some countries deposits actually accumulate a charge instead of earning interest. Once foreign capital is brought in Uganda, it’s a requirement as provided under section 117 of the Financial Institution Act that a Financial Institution should acquire authorization from Bank of Uganda for regularization of suc...

Nov222021 by Abel kawereNo Comments

Business, FEATURED, Latest News, NEWS, Rwanda

There is a general presumption and saying that capital has no home but within realistic parameters the home of capital is its place of origin because it always goes back with its profits or returns on investments. Capital holds much more value in countries like Uganda where fixed deposits have monthly interest returns of up to 15% and 25 – 30% if invested in loans through commercial Banks as compared to developed countries where interest on loans is as low as 5%, 1% or even 0.5%. In some countries deposits actually accumulate a charge instead of earning interest. Once foreign capital is brought in Uganda, it’s a requirement as provided under section 117 of the Financial Institution Act that a Financial Institution should acquire authorization from Bank of Uganda for regularization of suc...

Nov222021 by Abel kawereNo Comments

Foreign Capital & Taxation As A Matter Of National Interest

Business, FEATURED, GOSSIP, Latest News, NEWS, Rwanda

There is a general presumption and saying that capital has no home but within realistic parameters the home of capital is its place of origin because it always goes back with its profits or returns on investments. Capital holds much more value in countries like Uganda where fixed deposits have monthly interest returns of up to 15% and 25 – 30% if invested in loans through commercial Banks as compared to developed countries where interest on loans is as low as 5%, 1% or even 0.5%. In some countries deposits actually accumulate a charge instead of earning interest. Once foreign capital is brought in Uganda, it’s a requirement as provided under section 117 of the Financial Institution Act that a Financial Institution should acquire authorization from Bank of Uganda for regularization of such...