Category: Business

Fuel-Saving German Tech Comes to Uganda amidst Rising Prices

Fuel-Saving German Tech Comes to Uganda amidst Rising Prices

A German-Engineered fuel-saving technology, Fuel Eco Tec (FET), has entered the Ugandan market targeting motorists stretched by high fuel consumption. FET is designed to improve the efficiency of fuel combustion in both diesel and gasoline engines, significantly reducing the consumption of either

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Uganda’s Largest Banks by Assets: Stanbic, Centenary Lead As Industry Assets Hit Shs61.6 Trillion

Uganda’s Largest Banks by Assets: Stanbic, Centenary Lead As Industry Assets Hit Shs61.6 Trillion

Uganda’s banking sector recorded strong growth in 2025, with total industry assets rising to Shs61.59 trillion from Shs53.12 trillion in 2024, according to an analysis of audited financial results by Business Focus.The results show that a handful of banks continue to dominate the industr

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Demolition of roadside businesses wipes out revenues, shatters dreams

Demolition of roadside businesses wipes out revenues, shatters dreams

The morning sun burns through the dusty roadside of Bulindo and Kitukutwe, falling on broken timber, bent iron sheets and torn tarpaulins scattered where small kiosks once stood.A place that was once filled with the smell of frying chapati, boiling tea, laughter from customers and women ca

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Auditor General Pins IRA Boss Kaddunabbi Over UGX 181M Irregular Payments, Questionable Hiring

Auditor General Pins IRA Boss Kaddunabbi Over UGX 181M Irregular Payments, Questionable Hiring

special forensic investigation by the Auditor General has severely faulted the Chief Executive Officer of the Insurance Regulatory Authority (IRA), Ibrahim Kaddunabbi Lubega, over a string of blatant financial and administrative irregularities.A special forensic investigation by the Audito

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Uganda explores Premier League partnership to boost tourism – Tourism Minister Nakawuki

Uganda explores Premier League partnership to boost tourism – Tourism Minister Nakawuki

Tourism minister, Susan Nakawuki Nsambu, has revealed Uganda’s ongoing negotiations with the Premier League teams to have the ‘Visit Uganda’ branding on their jerseys.Speaking to the media, the minister expressed the need to aggressively market Uganda globally to boost the tourism se

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How new taxes will hit you

How new taxes will hit you

Kakira Sugar and other factories petitioned the High courtFor many Ugandans, taxes rarely feel real when they are first announced in Parliament.They feel distant then. Technical. Wrapped in legal amendments and budget speeches. The impact usually becomes clearer later, at the fuel s

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Court directs on Shs220m fraud case involving Shumuk boss Shukla

Court directs on Shs220m fraud case involving Shumuk boss Shukla

The Nakawa Chief Magistrate's Court has issued a stern warning to businessman Mukesh Shukla, the proprietor of Shumuk Aluminium Industries, directing that his long-running criminal trial be concluded without further delays.The directive was issued by Chief Magistrate Christine Nantege duri

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Businessman Shumuk Mukesh sent to Luzira Prison over land fraud

Businessman Shumuk Mukesh sent to Luzira Prison over land fraud

City businessman Shukla Babubhai Mukesh alias Shumuk Mukesh has been remanded to Luzira Prison over land fraud dispute involving a prime property along Jinja Road, Eagle Online reliably reports. This case adds to a growing list of legal battles that have trailed him in recent years.

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Govt bans nine hazardous agrochemicals to safeguard health, export markets

Govt bans nine hazardous agrochemicals to safeguard health, export markets

Yara fertilizer which farmers are advised to use moderately following the required instruction to avoid challenges caused to the environment. Photo/ Lominda AfedraruIn a sweeping regulatory move aimed at safeguarding public health, environmental integrity, and international trade, the Mini

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BoU limits daily cash withdrawals for individuals to Shs50m

BoU limits daily cash withdrawals for individuals to Shs50m

Twinemanzi Tumubweine, Bank of Uganda Executive Director of National Payment Systems.Overview:The new measures, which take effect on January 1, 2027, are expected to reshape how businesses and consumers move money through the banking system.KAMPALA — The Bank of Uganda (BoU

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