Pearl Bank (formerly PostBank) has been ordered by the Industrial Court to pay Shs 78.9 million to a senior manager it unfairly and unlawfully dismissed nine years ago.Paul Ndhego joined PostBank in May 2009 as a branch manager before rising through several positions. By December 2012, he
Former opposition politician James Birungi Ozo has been ordered to repay a Shs 383 million loan he took from Pride after the court rejected his attempt to stop the bank from enforcing a court order.Ozo, who was once a prominent official in the Forum for Democratic Change (FDC) before cross
Kampala, Media – The High Court has nullified the sale of a Najjera property that was previously repossessed and sold by Housing Finance Bank, ruling that the transaction was conducted irregularly, grossly undervalued, and failed to comply with legal requirements under mortgage recovery procedu
On Monday, PFF Secretary General Semujju Nganda was interviewed by Joseph Sseruwoza, a BBS TV journalist. The interview touched on a multiplicity of subjects including the ongoing turbulence drowning former Speaker Anita Among.Semujju, who has closely dealt with Parliament for over 30 year
When President Museveni delivers the State of the Nation Address on Thursay, Ugandans will be listening keenly for the direction he plans to steer the nation in the first year of his seventh term. The SONA is a constitutional mandate under Article 101 (1), delivered at the beginning of eac
The government expects to save about Shs24 billion annually after suspending funding for national public holiday celebrations beginning Financial Year (FY)2026/2027, the Ministry of Finance has said.The move is part of the government’s Rationalisation of Government Agencies and Public Ex
KAMPALA — The Government will on June 11, 2026, present the national budget for the 2026/27 financial year, with officials promising a private sector-driven spending plan focused on export growth, agricultural transformation, industrialisation and job creation.The budget will be read in
The High court has ordered journalist, Henry Lubulwa, to pay Shs 60 million in damages for defaming Letshego Uganda Limited and its chief executive officer, Germany Giles Aijukwe.Lubulwa, through his online publication Entebbe Post, was found liable for publishing defamatory claims allegin
Kampala, Uganda | URN | The government reduced its net borrowing or fiscal deficit in the month of April, amidst the global supply disruptions and lower revenue collections.According to the Ministry of Finance, net borrowing (the extra money the government had to borrow after accounting fo
For many businesses in Uganda, securing a government contract feels like hitting the jackpot. The moment word spreads that someone has landed a deal, everything changes. Friends become more attentive, relatives resurface, banks suddenly extend courtesy, and suppliers are willing to offer goods on
