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Why Ugandans turned to mobile money loans and borrowed Shs2.75 trillion in 2025

Why Ugandans turned to mobile money loans and borrowed Shs2.75 trillion in 2025

Mobile money has become one of the biggest sources of borrowing in Uganda, with millions of people now relying on their phones for quick loans instead of traditional banks.In 2025 alone, Ugandans borrowed at least Shs2.75 trillion through mobile money platforms, highlighting how digital le

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UPDATE: Developing Stories You Shouldn’t Miss Today

UPDATE: Developing Stories You Shouldn’t Miss Today

It’s the 5th of May 2026, just 7 days to the inauguration of president Museveni’s 7th term, he’s extending his grip to power to 45 years having grabbed it in 1986 with promises and slamming of leaders who overstay in power as Uganda’s and Africa’s biggest problem.The president ye

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Shock as thugs break into Bank of Uganda, steal key equipment

Shock as thugs break into Bank of Uganda, steal key equipment

Preliminary investigations indicate that the suspects struck in the early hours of Monday, gaining access through a gate opposite City Square before entering the bank’s commercial offices, where they reportedly spent nearly three hours undetected.Bank of Uganda headquarters in Kampala (P

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Three arrested in Iganga over fake dollar scam

Three arrested in Iganga over fake dollar scam

The case stems from a March 6, 2026, incident in which Akampulira Dismas, a 26-year-old businessman from Kigoowa Zone in Nakawa Division, was attacked and robbed of UGX 13 million.The three suspects arrested in connection with a fake dollar scam in Iganga DistrictIganga, Uganda: Pol

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Iranian supertanker 'HUGE' bypasses US blockade with USD 220 million oil cargo, says TankerTrackers

Iranian supertanker 'HUGE' bypasses US blockade with USD 220 million oil cargo, says TankerTrackers

In a post on X, the monitoring firm identified the vessel as "HUGE" and noted that it was last spotted off the coast of Sri Lanka more than a week ago. The tanker is currently reported to be traversing the Lombok Strait of Indonesia, heading towards the Riau Archipelago.https://x.com/Tanke

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Iran announces ‘new rules’ for Strait of Hormuz as US refuses to lift naval blockade

Iran announces ‘new rules’ for Strait of Hormuz as US refuses to lift naval blockade

Iran released a statement on Saturday, saying it will enforce “new rules” over waters along its coastline in the Arabian Sea and the Strait of Hormuz, making the waters “a source of security and prosperity for the region”.The announcement came as US Treasury Secretary Scott Bessant

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Centenary Bank makes hushed leadership changes

Centenary Bank makes hushed leadership changes

Centenary Bank has pulled off a quiet boardroom coup, lining up long-serving executive Godfrey Byekwaso to take over as Managing Director while Fabian Kasi, the face of the lender for over a decade, prepares to step up and steer the wider Centenary Group. The planned handover, still uncon

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Wakiso: Police Probe Aggravated Robbery in Nakuwadde Village

Wakiso: Police Probe Aggravated Robbery in Nakuwadde Village

Police in Wakiso District are investigating a case of aggravated robbery that occurred in the early hours of Friday in Nakuwadde Village.According to Kampala Metropolitan Deputy Police Spokesman Luke Owoyesigyire, the victim was attacked by an unknown assailant armed with a panga, who stol

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Yumbe-Terego road engineer found dead in lodge

Yumbe-Terego road engineer found dead in lodge

Mr Collins Asea, the North Western Regional Police Spokesperson. PHOTO | RASHUL ADIDIPoni Islam, a national of Bangladesh who was contracted as an engineer in the ongoing tarmacking of Yumbe-Terego Road in West Nile, has been discovered dead in his hotel room in Lomunga Town Council.

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Kapelebyong’s Labira Girls School Faces New Challenges as Enrollment Surges

Kapelebyong’s Labira Girls School Faces New Challenges as Enrollment Surges

The soaring enrollment at Labira Girls Secondary School in Obalanga Sub-County, Kapelebyong District, is largely attributed to its exceptional academic performance, but this rapid growth has also brought forth significant challenges that the government must address promptly.Headteacher Agg

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