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 (
The Office of the Prime Minister (OPM) has commenced the disbursement of Shs2.8 billion under the long-awaited Shs80 billion national cattle restocking programme. However, the intervention has faced immediate scrutiny, with critics and local leaders describing it as a "drop in the ocean" g
Seven men are set to appear before Buganda Road Chief Magistrate’s Court today after police completed investigations into a high-profile robbery in which more than Shs 620 million was stolen from a businessman in Kampala.The suspects, identified as Mulindwa Sharif, Akid Khalid alias Bomb
Two women were killed instantly and several other people injured after a Toyota Mark X reportedly lost control and rammed into pedestrians near Centenary Bank in Mityana Municipality, sparking renewed concerns over road safety in urban centres.Two people, both female and yet to be identifi
Former Kira Municipality MP Ibrahim Ssemujju Nganda backs former State Minister for Finance Henry Musasizi for being promoted to the top job.While speakibg on NBS Television's prime political talk-show, Frontline, on Thursday, Ssemujju argued that former Finance Minister Matia Kasaija had
KAMPALA — Thirteen winners of Uganda’s 2025 Best Farmers Competition have been flagged off for a week-long agricultural study visit to the Netherlands, where they will gain exposure to advanced farming technologies, value addition systems, and modern agribusiness models aimed at transforming
Economists, researchers and small business operators are urging government to reduce the 0.5 percent excise duty on mobile money withdrawals, warning that high transaction costs are undermining financial inclusion and hurting small businesses.Mobile money has become one of Uganda’s most
Starting from January 1, 2027, all Africans entering the Republic of Congo, will not require a visa, the President Denis Sassou N’Guesso announced at the celebration of Africa Day on the sidelines of the Annual Meetings of the African Development Bank (AfDB), in Brazzaville.“From Janua
