Shs 69 million vanished from his accounts in DTB in five minutes. Police says DTB is ‘guilty’ but bank says its ‘innocent’

In 2020, when Zhou Shengjian, a Chinese investor, wanted to open up an account in a Ugandan bank, a local business associate recommended Diamond Trust Bank (DTB). “I have used it for many years without any issues, and as the name suggests, it is very TRUSTABLE,” Shengjian recalls the associate telling him. So he wasted…

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Workers under Uganda Local Government Workers Union threaten to down tools over low pay

Hassan Lwabayi Mudiba, General Secretary of the Uganda Local Government Workers Union (ULGWU), has threatened that union members will lay down their tools if the government fails to increase their salaries within two weeks. Mudiba made these remarks during a press conference held yesterday at the union’s offices on Kampala Road. “We are issuing a…

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