Category: Business

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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Kampala Floods Are Not Natural—They Are a Governance Failure, Says Road Safety Official

Kampala Floods Are Not Natural—They Are a Governance Failure, Says Road Safety Official

Kampala’s recurring floods are a governance failure rather than a natural disaster, according to senior road safety official Ronald Amanyire, who has warned that continued compensation of victims will not solve the underlying crisis.Amanyire, the Principal Road Safety Officer at Uganda

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Female Fish Traders Raise Alarm Over Rising Harassment, Corruption, and Trade Barriers

Female Fish Traders Raise Alarm Over Rising Harassment, Corruption, and Trade Barriers

Female fish traders operating along Uganda’s border points have raised concern over rising cases of sexual harassment, corruption, and inconsistent trade regulations that they say are undermining their businesses and livelihoods.The complaints were voiced during a stakeholder dialogue or

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Fairway Hotel, Kampala downtown flooded after afternoon downpour

Fairway Hotel, Kampala downtown flooded after afternoon downpour

A heavy Thursday afternoon downpour flooded Fairway Hotel and several parts of downtown Kampala, disrupting businesses and exposing the city’s drainage challenges.Fairway Hotel and several parts of downtown Kampala were flooded on Thursday afternoon after a heavy downpour overwhelmed dra

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Lira businessman arrested over motorcycle theft, found with 100 logbooks

Lira businessman arrested over motorcycle theft, found with 100 logbooks

Lira City, Uganda: Police in the North Kyoga region have arrested a 54-year-old businessman in an intelligence-led operation linked to a stolen motorcycle from Kampala, uncovering what investigators say could be a wider network of motorcycle trafficking and document forgery.The suspect, Ok

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