Business •
09 May '26
Kampala hair shop has been linked to the fraudulent use of a Singapore woman’s credit card, resulting in the theft of UGX 13 million through three unauthorised transactions.The victim, a Singapore citizen identified as Roxanne, says her credit card information was stolen and later used w
Business •
09 May '26
KAMPALA — The Tax Appeals Tribunal has upheld a Uganda Revenue Authority (URA) decision to treat Shs3.16 billion claimed by Java House Coffee Shop Uganda Limited as unsupported shareholder loans and reclassify the money as undeclared income, in a ruling that sharply criticised the company’s r
Business •
09 May '26
For years, Vincent Frerrio Bamungaki Sempijja (who personally mentored greats likes AIGP Andrew Felix Kaweesi) served as Masaka LC5 Chairman before moving on to become Kalungu East MP for two terms (2011-2021).In 2021, he was dethroned by NUP’s Francis Katongole Katabazi who rode on the
Business •
09 May '26
Authorities have launched enforcement operations to clear the expressway corridor as government pushes ahead with the delayed multibillion-shilling Kampala–Jinja Expressway project.The government has commenced enforcement operations to clear the right of way for the long-awaited Kampalaâ
Business •
09 May '26
Frank Musoke, a former money manager for high-profile clients, is accused of embezzling over 8 billion UGX from American entertainer Nick Cannon. Musoke, a Ugandan national, worked as an account manager at a top Beverly Hills firm, which handles the financial and business affairs of elite celebri
Business •
09 May '26
Police have arrested two suspects and recovered two laptops following the recent break-in at Bank of Uganda headquarters in Kampala.Police arrested two suspects over the theft of seven laptops from Bank of Uganda headquarters.Officers recovered two stolen laptops during the operatio
Business •
07 May '26
Mobile money has become one of the biggest sources of borrowing in Uganda, with millions of people now relying on their phones for quick loans instead of traditional banks.In 2025 alone, Ugandans borrowed at least Shs2.75 trillion through mobile money platforms, highlighting how digital le
Business •
07 May '26
The High Court has dismissed an application filed by Henry Mwebe, who had sought to revive a Shs 24 million claim against a friend, Robert Kagoda.In a ruling delivered on April 29, 2026, Justice Susan Odongo said the matter had already been decided by the Nabweru Chief Magistrate’s Court
Business •
07 May '26
The economy faces potential instability following the revelation that the seven laptops stolen from the Bank of Uganda on Monday held sensitive information. In response, a collaborative security team has ramped up efforts to locate the missing devices. Additionally, 30 laptops colle
Business •
07 May '26
Gen Muhoozi Kainerugaba has cautioned BoU Governor Atingi-Ego over criticism of the sovereignty bill, as concerns grow about its economic impact.Gen Muhoozi Kainerugaba warns BoU Governor Atingi-Ego over his public comments.Atingi-Ego cautions that the sovereignty law could cause an