The recent announcement by the Bank of Uganda introducing new limitations to over-the-counter cash withdrawals and check payments have has raised questions over the motives behind it. The banks have been given the next six months to transition to the new policy adjustment.The new mea
The Supreme Court has upheld the conviction of David Musoke Sserwamba in a shocking sh4.6 billion heist, highlighting a history of insider fraud at Equity Bank.KAMPALA, Uganda — The Supreme Court has upheld the conviction of David Musoke Sserwamba, a rogue former operations manager at Eq
Eleven suspects accused of defrauding a businessman of more than $2.5 million(approximately shs11 billion) and laundering the proceeds have been remanded to Luzira Prison by the Buganda Road Chief Magistrate’s Court.The accused include Peter Lubwama, Henry Ochown alias Malong Tong, Pasc
The World Bank-funded initiative aims to improve coffee production, strengthen climate resilience and increase household incomes among farmers in Kabale District.KABALE — Coffee farmers in Kabale District have received agricultural inputs worth Shs27 million under a government programme
Authorities in Ibanda Municipality have prioritized the redevelopment of Ssaza Daily Market as the first project to be implemented under the Uganda Support to Municipal Infrastructure Development (USMID) Program, shelving earlier plans to simultaneously undertake three major infrastructure projec
tax dispute that began more than a decade ago over Value Added Tax (VAT) on land transactions has cost the Ugandan government at least UGX 2.48 billion in refunds, interest and legal costs, but fresh documents now indicate that an additional UGX 533 million remains unresolved despite being previo
The Mukono High Court orders the exhumation of a prominent Kampala trader’s body for a DNA test to resolve a bitter 40 billion shilling property dispute.MUKONO, Uganda — The Mukono High Court ordered the exhumation of a prominent Kampala businessman’s body for a DNA paternity test to
KAMPALA, Uganda — Male public servants can now legally retire on marriage grounds with full benefits under Uganda’s newly enacted Public Service Pension Fund Act, a major legislative shift that expands the country’s recognized retirement pathways from five to 12.The provision dismant
High Court’s Commercial Division has dismissed a bid by businessman and former property developer, Sendyona Mukasa Edward to be declared bankrupt, paving the way for Equity Bank Uganda to sell his remaining home to recover an outstanding loan.In a case filed as Bankruptcy Cause No. 3 of
young man has died following a violent mob attack outside Diamond Trust Bank (DTB) in Ntinda, Kampala, in an incident that has raised fresh concerns about mob justice and public safety.According to witness accounts, the victim had visited the bank on Monday to withdraw money. After
