Category: Business

Heavy rains cut off transport, trade in Kaliro as roads deteriorate

Heavy rains cut off transport, trade in Kaliro as roads deteriorate

Transport and business activity in Kaliro District have been severely disrupted after heavy rains rendered several key roads impassable, residents and district officials told Monitor on Thursday.Residents said the already poor road network has further deteriorated during the rainy season,

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FUTA raises concern over delays in Kampala traders’ compensation

FUTA raises concern over delays in Kampala traders’ compensation

Leaders of the Federation of Uganda Traders Association are concerned about the various trade unions cropping up to oppose the planned compensation of traders whose merchandise was destroyed by floods in downtown Kampala last year. FUTA President John Kabanda says that the organisation has starte

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Security Impounds Two Trucks with Over 200 Bags of Charcoal in Napak, Nabilatuk

Security Impounds Two Trucks with Over 200 Bags of Charcoal in Napak, Nabilatuk

Joint security forces have impounded two trucks transporting more than 200 bags of charcoal in the districts of Napak and Nabilatuk as enforcement of the presidential ban on the commercial charcoal trade from Karamoja intensifies.In the first operation, security personnel at the Iriiri Ani

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Over 500 Kalangala fishermen flee to Tanzania as new Lake Victoria rules bite

Over 500 Kalangala fishermen flee to Tanzania as new Lake Victoria rules bite

More than 500 fishermen from Kalangala District have fled to neighbouring Tanzania with their boats following the strict enforcement of new fisheries regulations on Lake Victoria aimed at curbing illegal fishing, authorities said.The measures, rolled out under the national fisheries enforc

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Kampala Hair Shop Linked to Shs13M Fraud on Bank Account in Singapore

Kampala Hair Shop Linked to Shs13M Fraud on Bank Account in Singapore

Kampala hair shop has been linked to the fraudulent use of a Singapore woman’s credit card, resulting in the theft of UGX 13 million through three unauthorised transactions.The victim, a Singapore citizen identified as Roxanne, says her credit card information was stolen and later used w

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Meat War in Mbale: Traders Threaten Strike Over “Extortionist” Enforcement

Meat War in Mbale: Traders Threaten Strike Over “Extortionist” Enforcement

Meat dealers in Mbale City have accused veterinary officers and enforcement teams of corruption, theft, and using illegal meat stamps during operations targeting traders. The accusations emerged during a heated meeting held at the Mbale City Chambers on Thursday, which had brought together city a

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737 Flood-Affected Kampala Traders Cleared for Shs20 Billion Compensation

737 Flood-Affected Kampala Traders Cleared for Shs20 Billion Compensation

total of 737 traders affected by floods in Kampala last November have been cleared to receive compassionate support from President Yoweri Museveni, Prime Minister Robinah Nabbanja has announced.Government earmarked Shs20 billion to compensate traders whose businesses were damaged by the No

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Java House Loses Bid to Block Shs3.1 Bn Tax

Java House Loses Bid to Block Shs3.1 Bn Tax

KAMPALA — The Tax Appeals Tribunal has upheld a Uganda Revenue Authority (URA) decision to treat Shs3.16 billion claimed by Java House Coffee Shop Uganda Limited as unsupported shareholder loans and reclassify the money as undeclared income, in a ruling that sharply criticised the company’s r

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Ugandan accountant embezzles Shs8 billion from Nick Cannon

Ugandan accountant embezzles Shs8 billion from Nick Cannon

Frank Musoke, a former money manager for high-profile clients, is accused of embezzling over 8 billion UGX from American entertainer Nick Cannon. Musoke, a Ugandan national, worked as an account manager at a top Beverly Hills firm, which handles the financial and business affairs of elite celebri

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Why Ugandans turned to mobile money loans and borrowed Shs2.75 trillion in 2025

Why Ugandans turned to mobile money loans and borrowed Shs2.75 trillion in 2025

Mobile money has become one of the biggest sources of borrowing in Uganda, with millions of people now relying on their phones for quick loans instead of traditional banks.In 2025 alone, Ugandans borrowed at least Shs2.75 trillion through mobile money platforms, highlighting how digital le

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