Search Results

How MP Magoola Deals Cost Alex Mufumbiro’s Wife Good Bank Job

How MP Magoola Deals Cost Alex Mufumbiro’s Wife Good Bank Job

Until 2012, Edith Katende Nakitende Nabunya served as a high-flying manager at Standard Chartered Bank in Kampala. She was in the department of customer relations.Her work was taking care of high profile clients who had billions on their accounts. Real estates tycoon Emmanuel Matovu Magool

Ultimate Uganda

OPINION: 623 Cases, UGX 2 Trillion at Stake: Why Uganda Must Rethink How Banking Disputes Are Resolved:

OPINION: 623 Cases, UGX 2 Trillion at Stake: Why Uganda Must Rethink How Banking Disputes Are Resolved:

At the heart of Uganda’s Commercial Court sits a quiet crisis with far-reaching economic consequences: 623 unresolved banking cases locking up an estimated UGX 2 trillion in disputed value. For banks, this means capital tied down in provisioning and delayed recovery; for borrowers, businesses f

Ultimate Uganda

Bank Of Uganda Opens Internship Applications

Bank Of Uganda Opens Internship Applications

If landing an internship at the Bank of Uganda has been on your radar, mark your calendar for Monday, April 27, 2026 — that is the date applications officially open for one of the most competitive and prestigious student internship programmes in the country.The Bank of Uganda announced o

Ultimate Uganda

A forex trader went to withdraw money from Ecobank. The manager locked him in the toilet, alerted police

A forex trader went to withdraw money from Ecobank. The manager locked him in the toilet, alerted police

The Eco Bank branch at Oasis Mall where Gabriel Achuk was locked in the toiletGabriel Achuk, a South Sudanese businessman who claimed he was locked inside the toilet of Ecobank at the Oasis Mall branch, where he had gone to withdraw money, has lost the case against the bank because his aff

Ultimate Uganda

Inside Centenary Bank’s Anti-Fraud Technology Protecting Customers’ Money

Inside Centenary Bank’s Anti-Fraud Technology Protecting Customers’ Money

As digital banking adoption accelerates across East Africa, concerns over cybercrime continue to grow, with fraudsters increasingly targeting unsuspecting users through sophisticated digital attacks.According to the Uganda Police Annual Crime Report 2024, cybercrime-related losses in Ugand

Ultimate Uganda

Govt Abandons Plan to Tax all Cash Withdrawal

Govt Abandons Plan to Tax all Cash Withdrawal

Government has dropped its plan to tax all cash withdrawals after strong resistance from stakeholders, highlighting concerns over economic impact, financial inclusion, and policy contradictions. While the proposal is shelved for now, authorities say the broader push toward a cashless economy and

Ultimate Uganda

Equity Bank Uganda Ordered to Pay Millions to Indian Company Over Mukwano’s Documents Shipping Deal

Equity Bank Uganda Ordered to Pay Millions to Indian Company Over Mukwano’s Documents Shipping Deal

The Commercial Division of the High Court has ordered Equity Bank Uganda to pay millions to Indian Company over Mukwano’s documents shipping deal.On or around September 13th, 2016, Mukwano Industrial Suppliers Limited based in Uganda ordered 72 metric tonnes of Liquid Glucose Concentrate

Ultimate Uganda

All Cash Withdrawals Now to be Taxed:

All Cash Withdrawals Now to be Taxed:

Even as Uganda pushes toward digital transformation, its deep-rooted reliance on cash presents a complex policy challenge, balancing revenue generation, fairness, and financial inclusion. The proposed tax may reshape behavior, but its success will depend on whether citizens trust, access, and ult

Ultimate Uganda

Kyambogo University Opens Applications For 2026/2027 Academic Year

Kyambogo University Opens Applications For 2026/2027 Academic Year

Kyambogo University has officially opened online applications for the 2026/2027 Academic Year under the A-Level and Direct Entry Scheme for private sponsorship. If you are a recent A-Level leaver, diploma holder, or degree graduate looking to join one of Uganda’s largest public universities, he

Ultimate Uganda

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