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
The Bank of Uganda will hold a public townhall meeting in Kabale Municipality aimed at increasing awareness about the economy, financial services and opportunities for business and agricultural financing in the Kigezi sub-region.Bank of Uganda is set to meet residents and stakeholders in K
Things have taken a dramatic twist in the past 24 hours, with Anita Among’s speaker race withdrawal announcement – a decision that has changed things in her favour, giving her hopes for a soft landing. Sources now tell The Pearl Times ‘AAA is not going to prison.’Yet before Anita A
Richard Byarugaba has joined Equity Group Insurance to lead its new asset management subsidiary as the company expands into wealth management services.Equity Group Insurance Holdings Limited (EGIHL) has appointed veteran financial executive Richard Patrick Byarugaba as Managing Director fo
vicious family war has exploded inside the wealthy family of former Minister of Health and Works Shaban Kirunda Nkutu, decades after the powerful minister was brutally killed by the regime of dictator Idi Amin in 1973.What started as a mourning period following the death of family matriarc
The Commercial Division of the High Court has launched an intensive two-week mediation exercise targeting more than 320 banking and credit-related disputes, in a move aimed at reducing case backlog and unlocking billions of shillings tied up in prolonged litigation.The initiative, conducte
KK Fresh Produce Exporters, one of the leading local exporters of fresh fruits and chilli to the international market, has been ordered to pay Shs 191.8 million to East African Packing Solutions, following a dispute over an unpaid debt.Justice Stephen Mubiru ruled that KK Fresh Produce had
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
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
A bombshell leaked board resolution from Stanbic Bank Uganda has laid bare the real reasons behind the dramatic exit of CEO Anne Juuko in 2024 and it’s not the rosy “promotion” story that was sold to the public.Kampala was left buzzing, boardrooms kept whispering, and the truth is fi
