Bank of Uganda data shows the local currency briefly strengthened further to about Shs3,646 per dollar earlier this week before surrendering some gains as demand for foreign currency resurfaced.KAMPALA: Uganda’s shilling has staged
public speeches, President Museveni likes using statistics to persuade and sway even sceptics about the economic dividends of accelerated investments in infrastructure. Whether it is railways, roads or hydro-dams, Mr Museveni specifies an expected drop in haulage costs, the internal rate of retu
Gold scams in Uganda are becoming increasingly violent, with criminals now using firearms, abductions and killings instead of relying only on fake documents to defraud buyers.The latest case involves Jama Munyaradzi, a British-Zimbabwean national who was allegedly robbed of $600 and killed
Brazilian midfielder confirms move is 'almost done' as United invests £34 million to rebuild its engine roomEderson, the Brazilian midfielder who has spent the last several seasons anchoring Atalanta’s midfield in Serie A, confirmed that his transfer to Manchester United is nearly compl
If you have been following the exchange rate lately, you already know the story. The Uganda shilling has been under sustained pressure against the US dollar, and for ordinary Ugandans who are either receiving money from a relative abroad, running a small business, or simply trying to save, that d
sensational fraud case involving billions of shillings, allegations of counterfeit currency and a prominent Ugandan businessman has exploded in court after consultancy firm Newplan boss Omulen Levy Lawrence was cited in a purported fake money racket during proceedings that saw eleven suspects rem
Eleven suspects accused of defrauding a businessman of more than $2.5 million(approximately shs11 billion) and laundering the proceeds have been remanded to Luzira Prison by the Buganda Road Chief Magistrate’s Court.The accused include Peter Lubwama, Henry Ochown alias Malong Tong, Pasc
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 Constitutional Court has outlawed the practice of Resident District Commissioners (RDCs), security agencies and local government officials interfering with the execution of court orders by court bailiffs, declaring such actions illegal.In a landmark judgment, the court ruled that requi
Iran’s Islamic Revolutionary Guard Corps ran parallel procurement operations through the United Arab Emirates and Chinese suppliers to covertly acquire advanced military technology used to target American forces and US-allied infrastructure across the Middle East, according to two Financial Tim
