Category: Business

Kampala hotel staff remanded over theft of $12,000 gift for South Sudan president

Kampala hotel staff remanded over theft of $12,000 gift for South Sudan president

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

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Fuel Prices Climb in Kampala as Residents Report Sharp Increases

Fuel Prices Climb in Kampala as Residents Report Sharp Increases

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

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Ntungamo Traders Relieved as Government Halts Demolition of Illegal Structures

Ntungamo Traders Relieved as Government Halts Demolition of Illegal Structures

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

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DTB Uganda Earns Top Recognition  at URA Bankers' Conference

DTB Uganda Earns Top Recognition at URA Bankers' Conference

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

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Govt probes fuel hoarding as pumps run dry despite ‘sufficient’ stocks

Govt probes fuel hoarding as pumps run dry despite ‘sufficient’ stocks

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

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Inside Centenary Bank’s Executive Reset: Why the Board Brought in Michael Opira as the Second Executive Director

Inside Centenary Bank’s Executive Reset: Why the Board Brought in Michael Opira as the Second Executive Director

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

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Pearl Bank Unveils Kololo Headquarters as Rebrand Signals Strategic Shift

Pearl Bank Unveils Kololo Headquarters as Rebrand Signals Strategic Shift

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

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Pearl Bank Unveils Kololo Headquarters as Rebrand Signals Strategic Shift

Pearl Bank Unveils Kololo Headquarters as Rebrand Signals Strategic Shift

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

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Turning oil into opportunity: Stanbic Bank’s role in Uganda’s first oil journey

Turning oil into opportunity: Stanbic Bank’s role in Uganda’s first oil journey

As Uganda approaches the long-anticipated milestone of first oil, it does so at a moment of contradiction in the global energy narrative.On one hand, the world is accelerating towards a low-carbon future, with growing consensus on the need to scale up renewable energy.On the other h

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Ugandans go for African contracts as first oil drop nears

Ugandans go for African contracts as first oil drop nears

The industry has put the completion level of the export pipeline at close to 90 percent today, while pre-commissioning and commissioning testing phase (including hydro testing) exercises are ongoing to determine the facility’s readiness, according to the Petroleum Authority of Uganda (PAU).

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