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Government rallies Pearl Bank to take on foreign banks after Shs47bn profit surge

Government rallies Pearl Bank to take on foreign banks after Shs47bn profit surge

State Minister for Investment and Privatisation Evelyn Anite said Pearl Bank now has the opportunity to expand beyond Uganda and position itself as a serious regional competitor.Pearl Bank’s profits rose 34 percent to Shs47.3 billion in 2025.Minister Evelyn Anite urged the bank to

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Political Commentator Hints at Inside Job After Intruders Spend Hours Inside Bank of Uganda Without Detection

Political Commentator Hints at Inside Job After Intruders Spend Hours Inside Bank of Uganda Without Detection

A reported break-in at the Bank of Uganda headquarters in Kampala has triggered sharp criticism and renewed scrutiny over the security of one of the country’s most heavily guarded institutions.Authorities confirmed that unknown individuals gained access to the central bank premises durin

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Court fines mobile money agents over data breach

Court fines mobile money agents over data breach

From left, Peter Mawande, 25, Sadam Hussein, 20, and Lydi Kanyesigye, 34, who are charged with unlawful obtaining and disclosure of personal data. PHOTO/GEOFREY MUTUMBA.Court in Kampala has convicted three mobile money agents for unlawfully obtaining and disclosing a client’s personal da

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Uganda’s ICC Engagement Carries Rising Strategic Risks

Uganda’s ICC Engagement Carries Rising Strategic Risks

Uganda is deepening its involvement in the International Criminal Court through judicial nominations and representation, but shifting global power dynamics, US opposition, and strained alliances raise questions about whether the country’s participation serves its long-term political and economi

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Fishmongers’ cabinet winds down with mabati theft taint

Fishmongers’ cabinet winds down with mabati theft taint

The 2021–2026 cabinet has concluded its term, with ministers directed to hand over their offices to permanent secretaries following their final meeting on Monday.President Yoweri Museveni thanked the outgoing ministers for what he described as a job well done. This was the cabinet he onc

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The untold battle: Power struggles and fight over deals at UEDCL

The untold battle: Power struggles and fight over deals at UEDCL

man often meets his destiny on the road he took to avoid it,” the French poet Jean de La Fontaine famously said. The idea is that, despite one’s best efforts to avoid a certain path in life, they end up facing it anyway.That pretty much sums up Paul Mwesigwa’s one-year tenure as Mana

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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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Your Claims Are Wrong Mr President" University Graduate Slams Museveni for Saying Some Degrees Are Useless, Brags About Achievements

Your Claims Are Wrong Mr President" University Graduate Slams Museveni for Saying Some Degrees Are Useless, Brags About Achievements

A university graduate has publicly challenged recent remarks by President Yoweri Museveni, igniting fresh debate over the value of arts and humanities courses in the country’s education system.Joel Julius Kiweewa, a graduate of Muteesa I Royal University in Masaka, took to X (formerly Tw

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Gynaecologist Dr Job Obwaka Dies Suddenly While Visiting Companion, Police Say

Gynaecologist Dr Job Obwaka Dies Suddenly While Visiting Companion, Police Say

45-year-old woman is being treated as a person of interest by police following the sudden death of Dr Job Obwaka, one of the country’s most respected obstetricians and gynaecologists, who died at the age of 83.Dr Obwaka was pronounced dead on arrival at Nairobi Hospital on Friday evening

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Devon Petroleum enter Uganda’s competitive fuel market with expansion plans and retail push

Devon Petroleum enter Uganda’s competitive fuel market with expansion plans and retail push

Kampala, Uganda | THE INDEPENDENT | Devon Petroleum SMC LTD has officially entered Uganda’s downstream petroleum sector with the launch of six fuel stations, positioning itself to compete in an increasingly crowded market where oil marketers are racing to expand retail networks, strengthen cust

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