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 delays.The directive was issued by Chief Magistrate Christine Nantege duri
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 growing list of legal battles that have trailed him in recent years.
Yara fertilizer which farmers are advised to use moderately following the required instruction to avoid challenges caused to the environment. Photo/ Lominda AfedraruIn a sweeping regulatory move aimed at safeguarding public health, environmental integrity, and international trade, the Mini
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 through the banking system.KAMPALA — The Bank of Uganda (BoU
Equity Group Holdings has posted the strongest financial performance in its history, reporting a record KSh75.5 billion (approximately UGX 2.15 trillion) profit after tax for the year ended December 2025, as regional subsidiaries, digital banking, and insurance operations powered a major growth s
More Ugandans are using mobile money, but telecom companies earned less in the first three months of 2026.New figures from the Uganda Communications Commission, using data from Bank of Uganda, show active mobile money users climbed to 36.7 million between January and March.That’s
Mbarara City – Business operations at Mbarara Central Market were disrupted on Tuesday morning after dozens of vendors arrived to find their shops locked by individuals they did not recognize.The unexpected development left many traders stranded and unable to access their merchandise, ca
The High Court has ruled that the sale of a mortgaged property in Najjera by Housing Finance Bank was unlawful, negligent, and conducted at a gross undervalue. Justice Susan Odongo delivered the decision in a case filed by Barnabas Samuel Aliku and Christine Mutesi Aliku, who accused the bank of
The Ministry of Finance has revealed that the African Development Bank has agreed to lend Uganda, US$650Million (UGX2.452Trn) out of the required Euro2.7Bn (UGX11.864Trn), to finance the 326km Standard Guage Railway project.This followed a commitment given by Dr. Abdul Kamara, Vice Preside
Sanjay Rughani (right) and David Wandera after the Bank of Uganda approved the sale of Standard Chartered Uganda’s Wealth and Retail Banking business to Absa Bank Uganda.KAMPALA — The Bank of Uganda has approved the sale of Standard Chartered Bank Uganda’s Wealth and Retail Banking (
