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Banks Approved Loans Worth UGX2.03Tn In April Out Of The Requested UGX4.074Tn-Report

Banks Approved Loans Worth UGX2.03Tn In April Out Of The Requested UGX4.074Tn-Report

The Ministry of Finance, Planning and Economic Development has revealed that in April 2026, the Supervised Financial Institutions approved loans worth UGX2.053Trn out of the requested UGX4.074Trn, translating into an approval rate of 50.4 percent.The details are contained in the Performanc

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STANBIC BANK’S TAX NIGHTMARE: URA Walks Away with UGX 11 Trillion Business Over Unpaid Taxes

STANBIC BANK’S TAX NIGHTMARE: URA Walks Away with UGX 11 Trillion Business Over Unpaid Taxes

Stanbic Bank Uganda is suffering a devastating reputational loss after the Uganda Revenue Authority (URA), recently moved to withdraw all its accounts from the bank, effectively stripping it of a lucrative tax collections business worth more than UGX 11 trillion a year.The decision means t

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NRM's Nabayiga Pledges to Improve Household Incomes, Strengthen PDM Implementation in Kalangala

NRM's Nabayiga Pledges to Improve Household Incomes, Strengthen PDM Implementation in Kalangala

campaigns for the June 24 Kalangala District Woman MP by-election enter their final stretch, NRM flag bearer Idah Nabayiga has pledged to improve household incomes, strengthen implementation of the Parish Development Model and advocate for better services across the island district.The Nat

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UEDCL Purge: Vindictive House-Cleaning or Necessary Reform? Taxpayers Face Costly Legal Reckoning

UEDCL Purge: Vindictive House-Cleaning or Necessary Reform? Taxpayers Face Costly Legal Reckoning

KAMPALA — In a move that has sent shockwaves through Uganda’s power sector, the interim leadership at the Uganda Electricity Distribution Company Limited (UEDCL) has terminated the contracts of seven senior managers, barely weeks after assuming office.The decision, executed on Monday,

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Gulu’s Shs6b greening project at risk as developers scramble for Kaunda Grounds land

Gulu’s Shs6b greening project at risk as developers scramble for Kaunda Grounds land

The heightened demand for portions of Kaunda Grounds and neighbouring Green Valley by several developers could cost Gulu City its Shs6 billion greening project, the Monitor has learnt.Mr Alfred Okello, the Gulu City Landscape Officer, expressed fears that the city administration could lose

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Mwesigye Installed as Fourth Rotary Club of Kabale City President

Mwesigye Installed as Fourth Rotary Club of Kabale City President

Rotarian Paddy Mwesigye has been officially installed as the fourth president of the Rotary Club of Kabale City, succeeding Rtn Dr Robert Mugarura.The colourful installation ceremony was held on June 20, 2026, at White Horse Inn in Makanga, Central Division, Kabale Municipality, and attrac

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Kanungu Residents Warned Against Defaulting on PDM Loans

Kanungu Residents Warned Against Defaulting on PDM Loans

Residents of Kanungu District have been warned against defaulting on Parish Development Model (PDM) funds under the mistaken belief that the money is a government grant.The warning was issued by Dan Twinamatsiko, the Commercial Officer for Kanungu Town Council, while presiding over the ele

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Masaka rolls out 6-month HIV prevention injection

Masaka rolls out 6-month HIV prevention injection

Medics in the Masaka sub-region have rolled out the use of injectable Lenacapavir amid calls for behavior change as a preventive measure in the fight against HIV.Addressing journalists in Masaka City during a health science café on June 19, Robert Bbosa, Infectious Diseases Institute Masa

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Jubilation As Court Clears Way For Stalled Mothers’ Union House Construction

Jubilation As Court Clears Way For Stalled Mothers’ Union House Construction

The Church of Uganda Mothers Union has welcomed a High Court arbitration ruling that resolves a long-standing dispute with a contractor, clearing the way for the resumption of construction of its multi-billion-shilling Mothers’ Union House project in Kampala.Jubilation has swept through

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MP Cadet Buturo commissions Shs6m community water project in Rubirizi

MP Cadet Buturo commissions Shs6m community water project in Rubirizi

The project, valued at more than Shs6 million, is expected to improve access to safe water for hundreds of residents who have for years struggled with water shortages and long journeys to unsafe water sources.Hon. Cadet Benjamin Buturo interacts with residents of Kikuba Village after commi

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