Category: Business

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

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda

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.

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda

Equity’s Best Year Ever: Profit Jumps 55%, Uganda Emerges Growth Star

Equity’s Best Year Ever: Profit Jumps 55%, Uganda Emerges Growth Star

Equity Group Holdings has posted the strongest financial performance in its history, reporting a record KSh75.5 billion (approximately UGX 2.15 trillion) profit after tax for the year ended December 2025, as regional subsidiaries, digital banking, and insurance operations powered a major growth s

Ultimate Uganda

UCC Report: Mobile Money active users hit 36.7 million as Ugandans transact Shs2.37 billion in three months

UCC Report: Mobile Money active users hit 36.7 million as Ugandans transact Shs2.37 billion in three months

More Ugandans are using mobile money, but telecom companies earned less in the first three months of 2026.New figures from the Uganda Communications Commission, using data from Bank of Uganda, show active mobile money users climbed to 36.7 million between January and March.That’s

Ultimate Uganda

Chaos at Mbarara Central Market as Vendors Find Shops Locked by Unknown Individuals

Chaos at Mbarara Central Market as Vendors Find Shops Locked by Unknown Individuals

Mbarara City – Business operations at Mbarara Central Market were disrupted on Tuesday morning after dozens of vendors arrived to find their shops locked by individuals they did not recognize.The unexpected development left many traders stranded and unable to access their merchandise, ca

Ultimate Uganda