Tragedy struck Bugema in the Industrial City Division of Mbale City on Wednesday night after a fierce fire gutted dozens of kiosks and market stalls, leaving traders and residents counting heavy losses.Property and merchandise worth millions of shillings were reduced to ashes in the infern
Strong capital ratios and a Shs591 billion profit anchor Stanbic Uganda as Chief Executive Francis Karuhanga transitions to Standard Bank Group regional leadership.KAMPALA, Uganda — Outgoing Stanbic Uganda Holdings Limited Chief Executive Francis Karuhanga is handing over a robust balanc
Outgoing State Minister for National Guidance, Godfrey Kabbyanga Baluku, has dismissed speculation surrounding his departure from the Ministry of ICT and National Guidance, insisting that he has neither lost his job nor fallen out with his former boss, Dr. Chris Baryomunsi.Speaking during
Responding to initial media reports indicating that everything that can go wrong at a private not-for-profit health facility has happened to Catholic Church-owned St. Francis Nsambya Hospital, Ugandans have taken to social media to register their dismay while calling on President YK Museveni to i
Former Minister Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda. Former Energy Minister, Irene Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda.Uganda’s oil journey has been defined less by extraction than by
Pearl Bank (formerly PostBank) has been ordered by the Industrial Court to pay Shs 78.9 million to a senior manager it unfairly and unlawfully dismissed nine years ago.Paul Ndhego joined PostBank in May 2009 as a branch manager before rising through several positions. By December 2012, he
Kampala—A man suspected of repeatedly impersonating top Uganda Revenue Authority (URA) officials, including the Commissioner General, has been arrested in a joint operation by security and URA intelligence teams.The suspect, identified as Thomas Odeke, allegedly posed as Commissioner Gen
Investigative journalist Solomon Sserwanja, Executive Director of the African Centre for Investigative Journalism, has been arrested by plain-clothes security personnel, his team has confirmed.Sserwanja represents non-governmental organizations whose accounts were blocked by security agenc
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
