Stanbic Bank Uganda has been ordered by the court to deposit Shs200 million as security in a commercial dispute with Vegol Limited that has dragged on for four years now.It all began in 2022 when Vegol, a prominent manufacturer specializing in edible oils, soaps, and other products, sued a
The High Court has ordered Roko Construction Limited to pay USD 1,059,350.84 (Shs 3.92bn) to Mehta Electricals Ltd for unpaid electrical equipment and installation works carried out on several projects.The dispute stems from sub-contracts awarded in May 2016, when Mehta Electricals Ltd was
Hotel staff William Ssemata 39, in the dock on charges of theft of $12,000 meant for South Sudan President’s gift. Photo/ Juliet Kigongo. A staff at a hotel in Kampala has been remanded to Luzira prison on allegations of stealing $12,000 (about Shs45 million), which money had reportedly
Fuel prices in Kampala are on the rise, with pump rates inching upward across the city and its surrounding neighborhoods. Despite recent calls for calm from government officials, motorists and residents are feeling the pinch as the cost of fuel continues to surge.As of April 26, 2026, repo
Traders across several town councils in Ntungamo District have expressed relief after government halted the demolition of temporary and unapproved structures, bringing a pause to an enforcement exercise that had already caused extensive damage in some areas.In Ntungamo Municipality and par
Diamond Trust Bank (DTB) Uganda has been recognized as a standout performer in the financial sector, earning the first runner-up award for best in client service at the 8th Bi-annual Uganda Revenue Authority (URA) Bankers appreciation conference ..The ceremony, hosted at the Mestil Hotel i
Government has launched investigations into Oil Marketing Companies suspected of hoarding fuel and charging exorbitant prices, even as officials insist national stocks remain sufficient.The move follows mounting public complaints of dry pumps, rationing, and selective selling at petrol sta
Centenary Bank’s top leadership (L–R): Chairman Gustavo Bwoch, Managing Director Fabian Kasi, Executive Director, Business Joseph Balikuddembe, and Executive Director, Operations Michael Opira. The bank is resetting its executive leadership through a dual-Executive Director structure aimed at
Pearl Bank Uganda, formerly PostBank, has opened a new head office in Kololo, backed by strong financial growth and a broader strategy to reposition itself as a modern, digitally driven institution focused on expanding credit and deepening financial inclusion.A new phase in Uganda’s bank
Pearl Bank Uganda, formerly PostBank, has opened a new head office in Kololo, backed by strong financial growth and a broader strategy to reposition itself as a modern, digitally driven institution focused on expanding credit and deepening financial inclusion.A new phase in Uganda’s bank
