Former opposition politician James Birungi Ozo has been ordered to repay a Shs 383 million loan he took from Pride after the court rejected his attempt to stop the bank from enforcing a court order.Ozo, who was once a prominent official in the Forum for Democratic Change (FDC) before cross
Banks have reportedly blocked loans to over 100 MPs facing election petitions as financial institutions seek to avoid losses if courts overturn their victories.More than 100 Members of Parliament, including several ministers, have reportedly been denied access to loans by commercial banks
Kampala, Media – The High Court has nullified the sale of a Najjera property that was previously repossessed and sold by Housing Finance Bank, ruling that the transaction was conducted irregularly, grossly undervalued, and failed to comply with legal requirements under mortgage recovery procedu
Over 280 tea nursery bed operators in Kanungu District have denied allegations that they were defrauded by their lawyers and association leadership. The farmers clarify that a 30 percent deduction from their recent Shs14.9 billion government payout was a voluntary contribution, not an illegal ext
Even after deploying his blue-eyed boy Vincent Bagire there, President Museveni’s attitude towards civil servants working under the Foreign Affairs Ministry (MoFA) didn’t change from lukewarm to more favorable.He, for years, had been quarreling that the Ministry wasn’t doing enough t
Uganda’s banking sector recorded strong growth in 2025, with total industry assets rising to Shs61.59 trillion from Shs53.12 trillion in 2024, according to an analysis of audited financial results by Business Focus.The results show that a handful of banks continue to dominate the industr
Mukono District Deputy Chief Administrative Officer (CAO) Muhumuza (centre) and District Engineer Herbert Lutwama (right) address participants during an engagement at the district headquarters on June 4, 2026. PHOTO/DANIEL M. SSENFUMAMukono District Local Government has allocated Shs230 mi
The High Court has struck out a lawsuit filed by retired army officer Lt Grace Kafuko against Centenary Bank, saying that he waited too long to take legal action over his arrest and the impounding of his vehicle.Justice Joyce Kavuma agreed with Centenary Bank that Kafuko’s claims were fi
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
