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
The High Court has dismissed an application filed by Henry Mwebe, who had sought to revive a Shs 24 million claim against a friend, Robert Kagoda.In a ruling delivered on April 29, 2026, Justice Susan Odongo said the matter had already been decided by the Nabweru Chief Magistrate’s Court
KAMPALA — City tycoon Sudhir Ruparelia has injected UGX 100 million into Gen. Muhoozi Kainerugaba’s high-profile “Run for Hope” birthday charity event, adding fresh weight to what many now see as more than just a fitness and philanthropy campaign.The event, held Sunday morning at K
The Commercial Division of the High Court has ordered Jie County MP, Lokii Peter Abrahams, to pay businessman and money lender Amit Jain nearly 5 billion Shillings for failure to repay a loan taken in 2012.Justice Steven Mubiru ruled that Lokii defaulted on a 265 million Shillings loan, wh
A shocking bank scandal has erupted after Ugx 69 million mysteriously disappeared from a customer’s account in just five minutes, leaving behind a trail of fear, anger and serious questions about the safety of money in Uganda’s banking system.The man at the center of the storm is Chine
dfcu Bank has opened a new branch in Namanve Industrial Park, positioning itself at the heart of one of Uganda’s fastest-growing manufacturing hubs, as government renewed calls for commercial lenders to cut borrowing costs for industry.Speaking at the launch, David Bahati welcomed the ex
BUTAMBALA – The Butambala Chief Magistrate’s Court has adjourned proceedings in the terrorism case against Butambala County Member of Parliament Muhammad Muwanga Kivumbi and 24 others, granting the prosecution more time to conclude investigations.During the court session, the defence t
From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank.When the Bank of Uganda (BoU)quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went o
Shock and disbelief have engulfed the family of veteran UPC titan Dr. James William Rwanyarare after it emerged that a staggering Sh2.2 billion vanished from his bank account while he lay mentally ill and incapacitated at Nakasero Hospital.Family insiders
A Kenyan father has captured the internet’s attention after presenting his son with a blank cheque during his graduation celebration, telling him to write any amount he wished as his gift.The moment, recorded in a short video shared on TikTok, shows the young graduate standing in his gow
