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Latest business reporting and analysis for Uganda.

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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 sp...

Ultimate Uganda

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 dela...

Ultimate Uganda

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 growi...

Ultimate Uganda

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 throug...

Ultimate Uganda

Ultimate Uganda

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