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CLEARED: London Court Exonerates DFCU Bank Over Crane Bank Sale Saga

CLEARED: London Court Exonerates DFCU Bank Over Crane Bank Sale Saga

By JACKSON OBOTH LONDON [SHIFT MEDIA]The High Court of London presided over by Judge Pelling QC has exonerated DFCU bank and it’s Directors of underhand involvement in the purchase of Crane Bank assets. The ruling…

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BUSTED: How Police Saved A City Businessman’s Shs4.5b Property From Equity Bank Sale

BUSTED: How Police Saved A City Businessman’s Shs4.5b Property From Equity Bank Sale

By PATRICK JARAMOGI KAMPALA, SHIFTMEDIA- Commercial Banks have an obligation to provide loans to clients to bolster their economic growth, but the harassment that comes with recovery of these loans is so distressing. Scores of…

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SEX BONANZA: A Leading Micro Finance Bank Hit With Multiple Sexual Harassment  Claims By Female Customers

SEX BONANZA: A Leading Micro Finance Bank Hit With Multiple Sexual Harassment Claims By Female Customers

By Our Investigative Reporter KAMPALA-SHIFTMEDIA- News reaching our investigative site is not so soothing for the ears, but nonetheless, we need to expose these sex maniacs who take advantage of innocent souls to shred their…

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RENEWED: Museveni Extends Governor Tumusime Mutebeli’s Contract

RENEWED: Museveni Extends Governor Tumusime Mutebeli’s Contract

By AWORI ESTHER LUCY KAMPALA, Uganda|SHIFTMEDIA| The year has started on a good note for 71-year-old Prof. Emmanuel Tumusime Mutebile, the Governor Bank of Uganda. President Yoweri Museveni has renewed and extended his contract for…

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DISMISSED: Court Dismisses Case Of Crane Bank Receivership, Awards Dr. Sudhir Hefty Costs

DISMISSED: Court Dismisses Case Of Crane Bank Receivership, Awards Dr. Sudhir Hefty Costs

BY PATRICK JARAMOGI KAMPALA, Uganda|SHIFTMEDIA|Bank of Uganda would suffer deep financial issues if it continues to liquidate assets of Crane Bank that are under receivership, senior lawyers have warned. The warning by top financial lawyers…

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COVID 19 Pandemic Halts 25 Years Economic Progress

COVID 19 Pandemic Halts 25 Years Economic Progress

JOHANNESBURG, South Africa|SHIFTMEDIA| The sustainable development goals are the United Nations’ grand plans to solve global inequality. If these goals are met, then by 2030 there will be no poverty; no one will go hungry; and…

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EAC States Missing Out On The Big Trade With DRC

EAC States Missing Out On The Big Trade With DRC

BY OUR CORRESPONDENT Dar es Salaam. |SHIFTMEDIA NEWS|Pressure for the East African states to tap the trade potentials in the Democratic Republic of Congo (DRC) is growing – given the many missed trade opportunities the…

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Dr. Akinwumi Adesina Re-Elected As President of The African Development Bank Group

Dr. Akinwumi Adesina Re-Elected As President of The African Development Bank Group

BY OUR REPORTER ABIDJAN, Ivory Coast|SHIFTMEDIANEWS| Dr. Akinwumi A. Adesina has been re-elected to serve a second fiveyear term as President of the African Development Bank Group (www.AfDB.org) on Thursday, August 27, 2020 by the…

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Kenya’s KCB Bank Half Year Profits Drop By 40 %

Kenya’s KCB Bank Half Year Profits Drop By 40 %

BY OUR REPORTER NAIROBI, Kenya|SHIFTMEDIA|Kenya’s largest bank, the KCB Group, has reported a 40 per cent drop in net profit for the first half of the year, hit hard by the Covid-19 pandemic. This is after…

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New SOPs To Address COVID-19 Released By Crane Management Services

New SOPs To Address COVID-19 Released By Crane Management Services

BY MARIA ELIZABETH KAMPALA, Uganda|SHIFTMEDIA NEWS| As the months continue to trickle down with no seen hopes of arcades being opened, arcade owners such as Crane Management Services have issued Standard Operating Procedures (SOPs) to…

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