Category: Business

Internal war at UNOC as top bosses hijack executive seats

Internal war at UNOC as top bosses hijack executive seats

quiet unease ripples through UNOC as top executives secure five-year contract extensions until 2031, blocking promotion paths for mid-level managers.KAMPALA, Uganda — A quiet unease is bubbling at the Uganda National Oil Company following the extension of contracts for top executives unt

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UGX 533m Refund ‘Disappears’ in URA–Canaan Sites Shs 2.4bn Tax Settlement Drama

UGX 533m Refund ‘Disappears’ in URA–Canaan Sites Shs 2.4bn Tax Settlement Drama

tax dispute that began more than a decade ago over Value Added Tax (VAT) on land transactions has cost the Ugandan government at least UGX 2.48 billion in refunds, interest and legal costs, but fresh documents now indicate that an additional UGX 533 million remains unresolved despite being previo

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DTB Ntinda Manager’s Fraud Claim Sparks Mob Attack That Kills Customer

DTB Ntinda Manager’s Fraud Claim Sparks Mob Attack That Kills Customer

young man has died following a violent mob attack outside Diamond Trust Bank (DTB) in Ntinda, Kampala, in an incident that has raised fresh concerns about mob justice and public safety.According to witness accounts, the victim had visited the bank on Monday to withdraw money. After

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Coffee Farmers Battle Rising Theft During Peak Harvest Season in Ntungamo

Coffee Farmers Battle Rising Theft During Peak Harvest Season in Ntungamo

Coffee farmers in Ntungamo District are grappling with a surge in theft cases targeting ripe cherries and dried beans during the peak harvest season, prompting calls for stronger security measures, improved policing and protection of household incomes.NTUNGAMO — Coffee farmers in Ntungam

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New mobile money scam you need to know before your next cash withdrawal

New mobile money scam you need to know before your next cash withdrawal

new mobile money scam is targeting cash withdrawal customers by exploiting phone numbers and transaction prompts. Learn how the fraud works and how to protect yourself.Fraudsters are using a new two-person trick to steal mobile money during withdrawals.Victims unknowingly approve tr

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UCC backs Shs1,000 Wi-Fi hotspot economy, tells telecoms to innovate

UCC backs Shs1,000 Wi-Fi hotspot economy, tells telecoms to innovate

Uganda's communications regulator has thrown its weight behind the fast-growing informal Wi-Fi hotspot business model, urging telecommunications companies to respond with innovation rather than oppose a service that is expanding internet access for low-income consumers.The Uganda Communica

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Nationwide crucial reminder to anyone who has a credit card

Nationwide crucial reminder to anyone who has a credit card

Nationwide, which has more than 16 million customers, has urged caution for anyone considering applying for a credit card. The message also urges people who have a credit card to be careful, as some may not think about the risks.The building society advises "before you increase your credit

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Businesswoman sued Mandela Millers over undelivered goods. Judge said case was filed in wrong court

Businesswoman sued Mandela Millers over undelivered goods. Judge said case was filed in wrong court

Sheila Orikiriza, a Kabale-based businesswoman who sued Mandela Millers, demanding Shs 50.8 million for goods she says were never delivered, has suffered a setback after filing the case in the wrong court.Orikiriza claimed she paid Mandela Millers Shs 37 million for goods that were never d

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MOGO BUSTED! Court Slams Lender for ‘Exploitative’ 86% Interest Charges

MOGO BUSTED! Court Slams Lender for ‘Exploitative’ 86% Interest Charges

Kenyan court has delivered a stinging blow to Mogo Auto Limited, ruling that the lender charged a customer “exorbitant” and “exploitative” interest on a Ksh400,000 loan — a decision likely to resonate with many Ugandans who have repeatedly complained about the company’s lending practi

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Tax Collection Becomes Harder When Ugandans Doubt Government Spending, Says URA

Tax Collection Becomes Harder When Ugandans Doubt Government Spending, Says URA

Revenue officials say taxpayers are increasingly questioning how their money is used, warning that public trust and accountability are becoming critical to Uganda's efforts to raise Shs40 trillion in taxes and finance its record Shs84.39 trillion budget.KAMPALA — The Uganda Revenue Autho

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