Category: Business

A forex trader went to withdraw money from Ecobank. The manager locked him in the toilet, alerted police

A forex trader went to withdraw money from Ecobank. The manager locked him in the toilet, alerted police

The Eco Bank branch at Oasis Mall where Gabriel Achuk was locked in the toiletGabriel Achuk, a South Sudanese businessman who claimed he was locked inside the toilet of Ecobank at the Oasis Mall branch, where he had gone to withdraw money, has lost the case against the bank because his aff

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Rukungiri Transport Operators Struggle as Fuel Prices Surge

Rukungiri Transport Operators Struggle as Fuel Prices Surge

Transport operators in Rukungiri District have raised concerns over the rising fuel prices, saying the situation is increasingly affecting their daily operations and livelihoods.The concern follows recent global tensions involving Iran, the United States, and Israel, which have contributed

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Museveni Urges Coffee Farmers To Support Zero Export Of Unprocessed Raw Materials

Museveni Urges Coffee Farmers To Support Zero Export Of Unprocessed Raw Materials

RUKIGA, Uganda — President Yoweri Museveni called on coffee farmers to support the government’s push to stop the export of unprocessed raw materials, saying the move would accelerate Uganda’s industrialization agenda and create more jobs and income.“We must continue to add value to

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Three Killed in Tragic Truck Crash at Kyenshama Cattle Market in Mbarara District

Three Killed in Tragic Truck Crash at Kyenshama Cattle Market in Mbarara District

MBARARA, Uganda — Three people have been confirmed dead following a tragic road accident at Kyenshama cattle market in Nyabirisirira Town Council, Mbarara District, on Friday afternoon.The deceased, all vendors at the busy market, were reportedly struck by a Fuso truck, registration numb

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Inside Centenary Bank’s Anti-Fraud Technology Protecting Customers’ Money

Inside Centenary Bank’s Anti-Fraud Technology Protecting Customers’ Money

As digital banking adoption accelerates across East Africa, concerns over cybercrime continue to grow, with fraudsters increasingly targeting unsuspecting users through sophisticated digital attacks.According to the Uganda Police Annual Crime Report 2024, cybercrime-related losses in Ugand

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EU to Open Kalangala Consulate, Build Airport to Boost Uganda’s Pineapple Exports

EU to Open Kalangala Consulate, Build Airport to Boost Uganda’s Pineapple Exports

The EU Ambassador to Uganda Jan Sadek at Kalangala Islands.The European Union has announced plans to open a Consulate General in Kalangala District and support the construction of an airport, in a move aimed at boosting Uganda’s pineapple exports to European markets.EU Ambassador

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Coca-Cola drags distributor to court, wins Shs 412 million

Coca-Cola drags distributor to court, wins Shs 412 million

Bukusu Constructors, the distributor of Coca-Cola products in Manafwa district, has been ordered to pay the beverage giant Shs 412 million for breach of contract.Their relationship started on September 30, 2023, when Coca-Cola appointed Bukusu Constructors as its official distributor in Ma

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Equity Bank Uganda Ordered to Pay Millions to Indian Company Over Mukwano’s Documents Shipping Deal

Equity Bank Uganda Ordered to Pay Millions to Indian Company Over Mukwano’s Documents Shipping Deal

The Commercial Division of the High Court has ordered Equity Bank Uganda to pay millions to Indian Company over Mukwano’s documents shipping deal.On or around September 13th, 2016, Mukwano Industrial Suppliers Limited based in Uganda ordered 72 metric tonnes of Liquid Glucose Concentrate

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Nabbanja Orders Closure of All Roadside Sugarcane Weighbridges

Nabbanja Orders Closure of All Roadside Sugarcane Weighbridges

The Government has directed the removal of all roadside sugarcane weighbridges across Uganda, citing widespread malpractice and significant financial losses in the sugarcane value chain.In a directive dated March 17, 2026, Prime Minister Robinah Nabbanja instructed the Ministry of Trade, I

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Court Rules in Favor of URA Against ATC Uganda

Court Rules in Favor of URA Against ATC Uganda

URA's Commissioner for Legal Services and Board Affairs, Mrs. Catherine Donovan KyokundaThe Court of Appeal has upheld URA’s withholding tax assessment of UGX 24,232,558,369 against ATC Uganda Limited in Court of Appeal, Civil Appeal No. 220 of 2022.ATC Uganda Limited obtained a s

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