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
Equity Group Holdings has posted the strongest financial performance in its history, reporting a record KSh75.5 billion (approximately UGX 2.15 trillion) profit after tax for the year ended December 2025, as regional subsidiaries, digital banking, and insurance operations powered a major growth s
Sanjay Rughani (right) and David Wandera after the Bank of Uganda approved the sale of Standard Chartered Uganda’s Wealth and Retail Banking business to Absa Bank Uganda.KAMPALA — The Bank of Uganda has approved the sale of Standard Chartered Bank Uganda’s Wealth and Retail Banking (
Economists, researchers and small business operators are urging government to reduce the 0.5 percent excise duty on mobile money withdrawals, warning that high transaction costs are undermining financial inclusion and hurting small businesses.Mobile money has become one of Uganda’s most
Traders at Kanoni Daily Market in Gomba District have appealed to government to construct a modern market, citing congestion, poor sanitation, lack of storage facilities and rising losses due to inadequate infrastructure on privately owned land.Traders operating in Kanoni Daily Market in G
Unknown gunmen have shot dead Wilfred Ojok, 24, a shop attendant in Paromo Village, Paduny parish, Awach Town Council, Gulu District.The armed men stormed the shop at around 9 pm on Friday. One of them placed people playing cards on the verandah at gunpoint, while his accomplice entered th
Three people are nursing gunshot wounds following a confrontation between a private security guard and a man accused of attempting to disarm him at an Automated Teller Machine (ATM) at an Equity Bank Uganda branch in Arua on Friday.The injured were identified as Harriet Asara, 22, and Joan
Kitgum Main Market is still operating below capacity, more than two years after its commissioning, raising concerns over declining local revenue collection.The 2.6 billion Shillings market, constructed under the Markets and Agricultural Trade Improvement Programme-II (MATIP II), was commis
President Museveni has today witnessed the signing of the Memorandum of Understanding and operational license agreement between the Uganda Communications Commission and Starlink.The president in an X post said this marks "an important step towards the commencement of their operations in Ug
Electricity consumers in Kampala and surrounding areas will experience scheduled daytime power outages from May 14 to June 2, 2026, as UETCL carries out maintenance on the Lugogo–Kampala North 132kV transmission line under a major upgrade programme.Electricity consumers in Kampala and su
