The Bank of Uganda (BoU) has reiterated that it remains the lawful supervisory authority over large Savings and Credit Cooperative Organisations (SACCOs), dispelling growing public misconceptions about changes in sector regulation.Mr. David Kalyango, the Executive Director for S
In an astonishing turn of events, a woman Member of Parliament, flag bearer for the National Resistance Movement (NRM) in Northern Uganda, has seen her political fortunes transformed overnight.The aspiring MP, whose identity we are protecting for security reasons, has won a mass
Dancehall star Ziza Bafana has taken a sharp jab at Masaka businessman Emmanuel ‘Acram’ Lwasa, saying the financial turmoil he is currently facing is only the start of his suffering. According to Bafana, nothing Lwasa is going through should come as a surprise.“
Just as Kampala is still buzzing over tycoon Hamis Kiggundu’s fierce showdown with the so-called “Nakivubo Channel demons”, his brother Haruna Ssentongo has been thrown back into the spotlight — this time over a controversial Shs 2.4 billion property deal that has refused to die since 201
Inflation’s silent threat: Is crypto creeping in on traditional diversifiers’ turf?In today’s markets, uncertainty has become the new normal, putting pressure on traders and investors alike.Changing tariffs, shifting monetary policies, and persistent tensions are we
Fuel prices, especially petrol, have shot upFuel prices in Uganda are highAcross Africa, the price of a single litre of petrol can determine whether families eat, whether markets open, or whether a taxi driver makes it home with a decent earning. In Libya, that litre costs less than
Four people accused of attempting to defraud Stanbic Bank of Shs725 million were on Friday formally charged before the Buganda Road Chief Magistrate’s Court.They face seven counts, including forgery, uttering false documents, personation, attempted theft, and conspiracy to com
Customs officials at the Jomo Kenyatta International Airport (JKIA) on Thursday arrested six female suspects attempting to smuggle USD$857,300 (Sh103.6 million) from India.The six women of Somali origin arrived at the airport from India aboard Ethiopian airline flight Number ET3
The Ministry of Works and Transport has ordered an urgent diversion of all traffic following the collapse of a major section of the Karuma–Kamdini road on the Gulu Highway, severely disrupting movement between northern Uganda and Kampala.In a statement dated November 16, offic
Three elephants that crossed the Paalappuzha river from the Aralam Farm completely ravaged the farmIn Iritty, herd of wild elephants destroys 600 plantain trees in a single nightFarmer Babu Joseph at the plantain farm in Palappuzha Koodaladu that was destroyed by a herd o
