Uganda’s banking sector recorded strong growth in 2025, with total industry assets rising to Shs61.59 trillion from Shs53.12 trillion in 2024, according to an analysis of audited financial results by Business Focus.The results show that a handful of banks continue to dominate the industr
General Katumba Wamala’s appointment as Minister of Public Service comes at a time when the ministry is reeling from scandals involving ghost workers, pension fraud, and wage overruns. Recent audits revealed over UGX 24 billion lost to ghost employees and nearly 24,000 suspected ghost pensioner
Bukedea Woman Member of parliament and the immediate Former Speaker of the 11th Parliament Annette Anita Among might be off the hook following reports that the president met her last weekend at her for all her sins after weeks of trouble which even made her get booted from the Speaker’s race wh
Kampala, Uganda: President Yoweri Museveni has renewed a push to move petroleum transportation off Uganda’s roads and into pipelines, a strategy that could dramatically reduce the number of fuel tankers on the country’s highways.While delivering his State of the Nation Address at Kolol
The Inspectorate of Government (IGG) has withdrawn charges against five officers who were facing prosecution over embezzlement. They were among the seven suspects in the case involving the embezzlement of 11 billion shillings under Karamoja’s Peace Initiative.The Government formally noti
City businessman Shukla Babubhai Mukesh alias Shumuk Mukesh has been remanded to Luzira Prison over land fraud dispute involving a prime property along Jinja Road, Eagle Online reliably reports. This case adds to a growing list of legal battles that have trailed him in recent years.
major corruption investigation has been launched into a Shs26.586 billion contract for the maintenance of Uganda’s national CCTV surveillance system. New documents have revealed how the contract was awarded, how the money was planned to be used, and the growing concerns surrounding its implemen
Twinemanzi Tumubweine, Bank of Uganda Executive Director of National Payment Systems.Overview:The new measures, which take effect on January 1, 2027, are expected to reshape how businesses and consumers move money through the banking system.KAMPALA — The Bank of Uganda (BoU
Equity Group Holdings has posted the strongest financial performance in its history, reporting a record KSh75.5 billion (approximately UGX 2.15 trillion) profit after tax for the year ended December 2025, as regional subsidiaries, digital banking, and insurance operations powered a major growth s
KAMPALA — In a sweeping bid to plug massive financial leaks and dismantle deeply entrenched syndicates, the Ministry of Finance, Planning, and Economic Development has announced a major procurement reform. Starting July 1, 2026, all Government Ministries, Departments, Agencies (MDAs), and Local
