Welcome to the Rwenzori Lounge! This will be the off topic section for the Ugandan subforum. Talk about anything you like to as long as it complies with SSC rules.
is that a bad thing? :lol:lagos looks cul...even though very african
from manitor.co.ugKampala
The Libyan government has lost control of Tropical Bank in Uganda following the Central Bank’s decision to enforce a United Nations Security Council Resolution announced last month calling nations to freeze assets of the Libyan government and its associated entities in foreign countries.
However, Bank of Uganda maintains that Tropical Bank will continue operating normally despite the sanction on the Libyan government stating that Tropical Bank is in a sound financial condition and will continue with normal operations.
The United Nations Security Council Resolutions 1970 and 1973 imposed an asset freeze on the Government of Libya and associated entities, including the Libyan Foreign Bank, the major shareholder of Tropical Bank Limited. The sanctions on Libya were imposed to halt attacks by Libyan leader Muammar Gaddafi’s regime on protesters. Uganda’s government has frozen $375 million worth of Libyan-owned assets to comply with the UN action, as reported yesterday in our paper.
Tropical Bank is among the 24 commercial banks licensed by the Bank of Uganda. The Libyan Foreign Bank has 99.83 per cent shareholding in Tropical Bank and has been responsible for appointing top managers of the bank.
In a statement read for him by the Deputy Governor, Dr Louis Kasekende, in a news conference held at the bank’s premises yesterday, Prof. Emmanuel Tumusiime Mutebile, the Bank of Uganda governor, said: “In order to ensure that Tropical Bank continues operating normally as a commercial bank in Uganda, the Bank of Uganda has taken a series of measures which are designed to ensure that its management is fully independent of the Libyan government and its associated entities and that it transacts no business with the Libyan Government and Associated entities.”
Prof. Mutebile explained that these measures, which are taken under the Financial Institution Act, include the removal from office with immediate effect of mangers and board members appointed by the Libyan Foreign Bank.
To this effect, the central bank has appointed Prince Kassim Kakungulu replacing Mr Mohamed Ali Wahra who has been the managing director of the bank.
Speaking on the status of the remaining posts to be filled by the Bank of Uganda, Prof. Mutebile said the Bank of Uganda is appointing a new management team and board in consultation with government. Without mentioning names, the Executive Director Supervision, Bank of Uganda, Ms Justine Bagyenda, said five board members and senior managers of Tropical Bank has been removed.
Libyan government has several investments in Uganda. However, the central bank did not mention any other asset freezing apart from the one in Tropical Bank.
Lately, Libya has become one of the leading foreign investors in Uganda in various sectors of the economy. When Saturday Monitor called Tropical Bank, the former Director Communications BoU, Mr Jume Walusimbi, who said he was just helping to respond to the numerous telephone calls, declined to divulge details on the financial strength of the bank and instead said Tropical Bank would organise a press conference later in the date to clarify on the situation.
I didn't really know where to post this. I intially wanted to post it in the media thread but it was a BBC production and not really a Ugandan outlet so I just decided to post it here....
In the UK there was a programme over a year ago about royalty from all over the world, three princesses took part: one from Asia, one from Europe and one from Africa went undercover in the UK looking for their perfect "prince" charming lol
Towards the end of the programme they had to reveal to their date about their real identity, the African Princess that took part was from Uganda, her name was Cinderella :laugh:
She was really funny, I don't know if any Ugandans have seen this show but I'll post a few clips for you to see
okay as terrible as I feel about this misleading potrait from the BBC I couldn't help laughing at this :lol:3. This woman acted very primitive but members of the Buganda Royal Family are well educated who have attended schools, colleges and universities here in Britain and
America. Even at this moment, we have young members of our royal family at boarding school here. Yes, we do know what jacket potato, beef burger and coleslaw are but this woman did not have a clue.
well it's better than she calling her self Snow White :shifty:Nope gurl, it is not shown here but you did influence me in watching the entire episodes after you posted the preview for the series in this thread.....someone uploaded the whole episodes on YouTube.
Sheila had the nerve to call herself CINDERELLA.... Smh :hilarious:
Oh Lord she called a guy "too pink" :shocked:....:rofl:My funniest Sheila Moments:
- When she got scared of a dog from and
- Her strange habits when she and her man were in Uganda.
- Calling a white man "too pink"
- Her first sip of British coffee
- Equating Essex/Britain to Paradise
- The scene where she meets her blinddate for the first time......No comment:hilarious:
lol the Indian Princess was a 5 year old trapped in a womans body - I sorry for her lolThe Indian Princess ( forgot that girl's name)
- Her blindate date with that chef at the restaurant.....urg awkward!!!! :hilarious:
- When that white boy dumped her on their date..lol......, girlfriend tried to unbruise her ego by forcing herself to go on another date thet very instant :hilarious:...(we all know that the white guy dumped her:lol
sorry I don't know how to retrieve the whole episodes but the Prince version was hilarious...none of the girls in the UK were feeling the Swazi King - must have hurt his royal ego....I don't even think they knew what flirting was...he would just go to a group of girls with a pen and paper collecting numbers :lol:Please if you know where I can watch the episodes for the Prince, pls send me the links....I couldn't find the entire episodes on You Tube.
guyz ugandans r very lazy..kenyans r very strong in their threads..we can leaf frm Tanzanianz the new forumers...Ug boy iz god but shud learn hw to post his threads,,thy luk very bad..very disorganised..he can put entebbe town snaps in Masaka..wc makes it luk bad..n we shud also developI've just noticed that the forum is somehow dead and ug boy is like the one holding everything up?Which forums do Ugandans visit?at least we can convinced them to cross over to SSC and rep their country too.:2cents: