Category: Business

MOGO BUSTED! Court Slams Lender for ‘Exploitative’ 86% Interest Charges

MOGO BUSTED! Court Slams Lender for ‘Exploitative’ 86% Interest Charges

Kenyan court has delivered a stinging blow to Mogo Auto Limited, ruling that the lender charged a customer “exorbitant” and “exploitative” interest on a Ksh400,000 loan — a decision likely to resonate with many Ugandans who have repeatedly complained about the company’s lending practi

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Tax Collection Becomes Harder When Ugandans Doubt Government Spending, Says URA

Tax Collection Becomes Harder When Ugandans Doubt Government Spending, Says URA

Revenue officials say taxpayers are increasingly questioning how their money is used, warning that public trust and accountability are becoming critical to Uganda's efforts to raise Shs40 trillion in taxes and finance its record Shs84.39 trillion budget.KAMPALA — The Uganda Revenue Autho

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Kampala court convicts businesswoman over mobile loan data privacy breach

Kampala court convicts businesswoman over mobile loan data privacy breach

Ms Finah Atlist arrives at the Grade One Magistrates Court in Makindye, Kampala on June 11, 2026. PHOTO/MICHAEL KAKUMIRIZIA Kampala court has sentenced a 31-year-old businesswoman to a fine of Shs 100,000 or two months in prison for unlawfully obtaining and disclosing a client’s personal

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Industrial Court Awards Former Wakiso Officer Shs36 Million for Unlawful Retirement

Industrial Court Awards Former Wakiso Officer Shs36 Million for Unlawful Retirement

The Industrial Court of Uganda has ruled in favor of former Wakiso District Assistant Records Officer Fred Ssewanyana, declaring that his compulsory retirement from public service was unlawful and unfair due to a violation of his right to a fair hearing.In a landmark judgment delivered on

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Legal claims against Uganda government surge to Shs6.4 trillion in three years

Legal claims against Uganda government surge to Shs6.4 trillion in three years

Finance Ministry PSST Ramathan Ggoobi identifies the ATMS sectors as the primary engines for Uganda’s economic growth and job creation over the next decade.KAMPALA, Uganda — Legal claims against the Ugandan government have increased sharply over the last three years, reaching 6.45 tril

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Trade order operations here to stay - Ministry of Finance

Trade order operations here to stay - Ministry of Finance

Speaking on Friday, Permanent Secretary and Secretary to the Treasury Ramathan Ggoobi said government remains committed to enforcing trade order as part of wider economic reforms aimed at creating a more organised business environment.The Government's trade order operations will be expande

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Mbale traders count millions in losses as late-night fire guts Bugema market

Mbale traders count millions in losses as late-night fire guts Bugema market

Tragedy struck Bugema in the Industrial City Division of Mbale City on Wednesday night after a fierce fire gutted dozens of kiosks and market stalls, leaving traders and residents counting heavy losses.Property and merchandise worth millions of shillings were reduced to ashes in the infern

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Trade Minister Tanna Promises Review of Tax Concerns Raised by Manufacturers

Trade Minister Tanna Promises Review of Tax Concerns Raised by Manufacturers

Minister of Trade, Industry and Cooperatives Sanjay Tanna has pledged to engage manufacturers and review concerns over proposed tax measures, assuring investors that government remains open to dialogue ahead of the new financial year.Tanna made the remarks during a meeting hosted by the St

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Stanbic Uganda boss Karuhanga exits on Shs591bn profit high

Stanbic Uganda boss Karuhanga exits on Shs591bn profit high

Strong capital ratios and a Shs591 billion profit anchor Stanbic Uganda as Chief Executive Francis Karuhanga transitions to Standard Bank Group regional leadership.KAMPALA, Uganda — Outgoing Stanbic Uganda Holdings Limited Chief Executive Francis Karuhanga is handing over a robust balanc

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Uganda budget: 199 oil wells drilled as country nears first oil

Uganda budget: 199 oil wells drilled as country nears first oil

Uganda hits a major milestone toward first oil, drilling 199 wells to surpass the government threshold required for commercial production.KAMPALA, Uganda — Uganda has drilled 199 oil wells, surpassing the threshold required to begin commercial production later this year, according to the

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