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6 Ugandans Arrested in Connection to USD 3.4 Mn Equity Bank Rwanda Digital Heist

6 Ugandans Arrested in Connection to USD 3.4 Mn Equity Bank Rwanda Digital Heist

The cross-border heist signifies a new frontier in the evolving nature of financial crime, where digital fraud is increasingly sophisticated, fast-moving and now, transnational. The arrests may mark a breakthrough in the Equity Bank Rwanda probe, but they also expose a deeper reality: in a digita

Ultimate Uganda

Eight Years Later, Mulago Specialised Women & Neonatal Hospital Is Already Leaking & Requires UGX1.3bn To Replace The Roof

Eight Years Later, Mulago Specialised Women & Neonatal Hospital Is Already Leaking & Requires UGX1.3bn To Replace The Roof

Mulago Specialised Women and Neonatal Hospital wants UGX1.3Bn is to replace the leaking roof, just eight years after its construction and commissioning.The hospital was constructed at a cost of US$34.14Million (UGX129.027Bn) including US$33Million loan from the Islamic Development Bank and

Ultimate Uganda

CABINET FEVER: Museveni’s VP Dilemma – and Why Northern, Busoga And Buganda Could Complicate Things For Alupo

CABINET FEVER: Museveni’s VP Dilemma – and Why Northern, Busoga And Buganda Could Complicate Things For Alupo

Following his confirmation as President in the gazette and the impending swearing‑in ceremony at Kololo, President Yoweri Kaguta Museveni now turns to the delicate, almost ritualistic task of assembling the cabinet that will carry him through the next five years. In a series of projection repor

Ultimate Uganda

BIG INTERVIEW: Boda-bodas will be reduced in the city under new transport plan - Gen Katumba

BIG INTERVIEW: Boda-bodas will be reduced in the city under new transport plan - Gen Katumba

'Boda-bodas have provided employment. If tomorrow we decided to remove them, what would happen to the young men who depend on them? Each rider supports several people. So, they have benefits, but they also present challenges. They need to be better organised, and we had already started that proce

Ultimate Uganda

South Sudan Gold Dealer Malong In More Trouble Over Fraud, Money Laundering As Court Freezes His Bank Accounts, Multibillion Properties Caveated…

South Sudan Gold Dealer Malong In More Trouble Over Fraud, Money Laundering As Court Freezes His Bank Accounts, Multibillion Properties Caveated…

Justice Micheal Elubu of the Anti-Corruption Division of the High Court has issued a Court order freezing bank accounts opened in the names of General Trading Limited registered in Stanbic Bank, land titles and documents connected to controversial South Sudan gold dealer Henry Ochown alias Malong

Ultimate Uganda

Surveyor ordered to pay Centenary Bank Shs 520m for ‘over-valuing’ land offered as security

Surveyor ordered to pay Centenary Bank Shs 520m for ‘over-valuing’ land offered as security

Katuramu & Company, a surveying firm, has been ordered to pay Centenary Bank Shs 521 million for misleading the bank into extending a loan to a client without conducting proper due diligence on the land offered as security.The case started in December 2021 when Hasifa Namulondo applied

Ultimate Uganda

MPs Reject NWSC’s Plan to Borrow UGX600bn from Local Banks!

MPs Reject NWSC’s Plan to Borrow UGX600bn from Local Banks!

Remigio Achia, Vice Chairperson Budget Committee asked Ariko to ensure that the matter of unremitted water bills is handled by the Ministry of Finance remarking, “This matter should be captured and reported to the Ministry of Finance.The revelation was made by Herbert Ariko, Chairperson,

Ultimate Uganda

Rwandan national jailed over botched Shs725 million Stanbic Bank fraud

Rwandan national jailed over botched Shs725 million Stanbic Bank fraud

Elizabeth Mbabazi, a Rwandan National who has been Convicted testifying Against her co Accused at Buganda Road Court.Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrate’s Court has convicted a Rwandan national, Elizabeth Mbabazi, for her role in the attempted theft of 7

Ultimate Uganda

Collin Hotel, Mukono Bookshop Tycoon Kasozi In Tears As Court Allows Auctioning Of His Multibillion Empire Over Shs778m Loan..

Collin Hotel, Mukono Bookshop Tycoon Kasozi In Tears As Court Allows Auctioning Of His Multibillion Empire Over Shs778m Loan..

Justice Joyce Kavuma of the Civil Division of the High Court has dismissed with costs the application filed by Mukono based businessman Augustine Kasozi the proprietor of the famous Collins Hotel and Mukono Bookshop seeking to stay the auctioning of his multibillion empire over Shs778m unpaid loa

Ultimate Uganda

UGANDA LIVESTOCK INDUSTRIES EXPOSED! Land Grab, Ghost Cattle Cash & Rotting Machinery—Probe Lifts Lid On Years of Mismanagement Under Watch of MAAIF

UGANDA LIVESTOCK INDUSTRIES EXPOSED! Land Grab, Ghost Cattle Cash & Rotting Machinery—Probe Lifts Lid On Years of Mismanagement Under Watch of MAAIF

A shocking Auditor General’s report has blown the lid off years of chronic mismanagement, weak oversight, and questionable financial handling at Uganda Livestock Industries Limited (ULI), painting a grim picture of a once-strategic national asset now plagued by inefficiency, neglect, and system

Ultimate Uganda