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Man Sentenced to Two Years for Withdrawing She848million Mistakenly Deposited in His Account

Man Sentenced to Two Years for Withdrawing She848million Mistakenly Deposited in His Account

In a landmark ruling at the Nakasero-based Anti-Corruption Court, Justice Lawrence Gidudu sentenced Ronald Jimmy Ajuk, proprietor of Smart Parking Technology, to two years in prison.Ajuk was convicted of unlawfull

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Tyra Banks reveals special new friendship amid exciting move to Australia

Tyra Banks reveals special new friendship amid exciting move to Australia

The America Next Top model host has been quietly living down under for over a yearTyra Banks has always been one to light up a room, wh

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Bank of Uganda was Instructed to Pay Shs 60 Billion to Fraudsters, Recovers US$ 8 Million
Excessive govt local borrowing starves private sector of credit 

Excessive govt local borrowing starves private sector of credit 

A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no sources of credit. The report, titled: Finance in Africa, Unlocking Investment in an Era of Digital Transformation an

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To cap or not to cap interest rates

To cap or not to cap interest rates

The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, the moneylenders’ association has “rejected” the new law, arguing that the government has no right to control what doe

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‘We’re aware the boda market is built on trust’

‘We’re aware the boda market is built on trust’

Imagine you’re running an asset financing business in Europe and think, “Why not give East Africa a shot?” So you do the research, find the market, and discover real potential.  That’s how Mogo Uganda, an asset-financing tech company, landed in Kampala.  The

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Kiira Motors intends to be vehicle titan by 2030

Kiira Motors intends to be vehicle titan by 2030

“It was amazing seating close to the Kyabazinga, and, as the driver, it was a memorable experience I will cherish forever,” recounts Richard Madanda about his experience of driving the Kyabazinga, His Majesty William Wilberforce Gabula Nadiope IV, on the day he exchanged nuptials with Jo

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My spot has been empty but I'm back to dust it off, says Maro

My spot has been empty but I'm back to dust it off, says Maro

Ronald Magada, aka Maro, is a Ugandan singer commonly known as the RnB Kyabazinga. He has for a long time been regarded as Busoga’s biggest export but about four years ago, he relocated to Germany to settle with his family and also in search of greener pastures. Last weekend the singer

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Uganda inks Shs500b deal to construct major 97km road

Uganda inks Shs500b deal to construct major 97km road

Government and Citibank Uganda have signed a multibillion ten-year financing agreement for construction of the 97km Lusalira-Nkonge-Lumegere-Ssembabule Road, which is scheduled to start before the end of 2025. The financing agreement signed on Friday is for the project expected to cost S

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Shock as University Student Reportedly Dies of Hunger

Shock as University Student Reportedly Dies of Hunger

KAMPALA , Uganda – Hunger among Uganda’s university students has become an urgent crisis, revealing the severe financial challenges facing young people in higher education. Uganda’s universities are currently grappling with a widespread hunger issue among students, with reports indicati

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