Category: Business

There is no justification for price increases as supply remains stable,” Energy Minister Nankabirwa warns fuel companies against hikes

There is no justification for price increases as supply remains stable,” Energy Minister Nankabirwa warns fuel companies against hikes

Minister of Energy and Mineral Development Ruth Nankabirwa.Minister of Energy and Mineral Development Ruth Nankabirwa has assured Ugandans that there is no immediate reason for increase in fuel prices this month.Her remarks come at a time when motorists are already feeling the pinch

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NGOs and taxes: The truth behind ‘Non-profit’ myth

NGOs and taxes: The truth behind ‘Non-profit’ myth

When most people hear the term NGO (Non-Governmental Organisation), they tend to think of impact—community projects, humanitarian efforts, and driving social change.Taxes, however, are rarely part of that picture.One of the biggest misconceptions about NGOs is that, because they a

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How Mobile Money Taxes Are Squeezing Life Ouf of Small Businesses

How Mobile Money Taxes Are Squeezing Life Ouf of Small Businesses

Rising mobile money transaction and withdrawal charges are increasingly eating into the profits of small businesses in Uganda, with traders and MSMEs warning that the high cost of digital transactions could slow the country’s push toward a digital economy.Mobile money has revolutionized

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Uganda’s First Oil: A Defining Countdown to Economic Transformation and Energy Sovereignty

Uganda’s First Oil: A Defining Countdown to Economic Transformation and Energy Sovereignty

KAMPALA – As every second, minute, hour, day, and month winds down, Uganda edges closer to its promise—the dawn of oil production.From drilling and completing wells to laying thousands of kilometres of pipeline, Uganda’s progress is unmistakable. Supporting infrastructure, central pr

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Bemuga’s employee entered a Shs 1.7 bn deal without knowledge of directors

Bemuga’s employee entered a Shs 1.7 bn deal without knowledge of directors

Bemuga Forwarders has been given 14 days to defend itself in a case in which its former managing director, Ronald Kanyerezi, entered a Shs 1.7 billion deal with a global logistics firm without the knowledge of its shareholders.Justice Patricia Kahigi Asiimwe said the case raises serious is

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6 Ugandans Arrested in Connection to USD 3.4 Mn Equity Bank Rwanda Digital Heist

6 Ugandans Arrested in Connection to USD 3.4 Mn Equity Bank Rwanda Digital Heist

The cross-border heist signifies a new frontier in the evolving nature of financial crime, where digital fraud is increasingly sophisticated, fast-moving and now, transnational. The arrests may mark a breakthrough in the Equity Bank Rwanda probe, but they also expose a deeper reality: in a digita

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Former Vision Group CEO Kabushenga says Bukedde TV started with Shs700m, reveals the stars behind its rise

Former Vision Group CEO Kabushenga says Bukedde TV started with Shs700m, reveals the stars behind its rise

Former Vision Group CEO Robert Kabushenga has shared how Bukedde TV grew from a small, bold idea into one of Uganda’s most popular television stations—starting with just about Shs700 million (roughly $185,000).In an interview with YouTuber Kasuku, Kabushenga said the station’s breakt

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OIL PALM PROJECT IN TROUBLE! Billions Idle, Land Unused, Factory Stalled — Has Masaba Outstayed Her Welcome?

OIL PALM PROJECT IN TROUBLE! Billions Idle, Land Unused, Factory Stalled — Has Masaba Outstayed Her Welcome?

The National Oil Palm Project (NOPP), once hailed as a transformative agro-industrial lifeline for Uganda’s rural farmers, is now sinking under the weight of delays, underperformance and questionable management, after the Auditor General’s December 2025 report exposed deep cracks in one of go

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UGX 4.5 Million Mobile Money Dispute Puts MTN Uganda Under Scrutiny

UGX 4.5 Million Mobile Money Dispute Puts MTN Uganda Under Scrutiny

Kampala resident, Matsiko Brian, is locked in a frustrating battle with telecom companies after a mobile money transaction worth UGX 4.5 million allegedly disappeared from the system despite a court order directing its recovery.Matsiko Brian, a resident of Mengo, says he has spent weeks pu

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Mbarara Traders Cry Blood as City Crackdown Leaves Thousands Homeless, Goods Seized in Ruthless Town Clean-Up

Mbarara Traders Cry Blood as City Crackdown Leaves Thousands Homeless, Goods Seized in Ruthless Town Clean-Up

Tears, anger and desperation have engulfed the streets of Mbarara after a sweeping city council operation to restore “order” turned into a full-blown eviction storm, leaving thousands of street vendors, kiosk owners and small traders counting heavy losses and staring at an uncertain future.

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