What began as a claim over a USD 400,000 shareholder loan has evolved into a complex legal battle that cuts across project finance, shareholder rights, and cross-border dispute resolution.At its core, the case now pits Charles Odere, the subordinated lender seeking repayment, against a con
Ugandans using mobile money platforms will continue to contend with the 0.5 percent tax to withdraw cash, a tax that has been blamed for the high cost and low uptake of digital money.The Ministry of Finance, Planning and Economic Development, declined to include the proposal of halving the
Activist Agather Atuhaire says Centenary Bank has frozen her account after her organization AGORA’s accounts were blocked.AGORA Discourse is a digital public square promoting human rights, public accountability and social justice.The freezing of bank accounts belonging to non-gove
Detained ASP-Rogers Musana on official uniformTerritorial police in Kampala are holding their own officer for allegedly conniving with a UPDF officer to rob city businessman, Robert Seguya cash worth 100,000 USD (Shs.370M).The crafty police chief, identified as Assistant Superintend
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
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
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
The Islamic Republic of Iran’s vast missile system is the brainchild of the U.S.-designated state-sponsor of terrorism, the communist North Korea regime, which works hand in glove with Iran, according to one of the world’s leading experts on the Iran-North Korea strategic alliance."The
Muhoozi, a known admirer of Rwandan President Paul Kagame, says he supports a degree in Theology as a primary requirement for anyone starting a churchGeneral Muhoozi Kainerugaba on Wednesday night made remarks that revived questions about the future of religious freedom in Uganda. T
KAMPALA – As every second, minute, hour, day, and month winds down, Uganda edges closer to its promise—the dawn of oil production.From drilling and completing wells to laying thousands of kilometres of pipeline, Uganda’s progress is unmistakable. Supporting infrastructure, central pr
