Kampala, Uganda | URN | The government reduced its net borrowing or fiscal deficit in the month of April, amidst the global supply disruptions and lower revenue collections.According to the Ministry of Finance, net borrowing (the extra money the government had to borrow after accounting fo
The law requires the Finance minister to publish a post-election economic and fiscal update within four months after polling day for a general election.Uganda’s economy remained stable during the general election period and in the months that followed, according to the government’s pos
For many businesses in Uganda, securing a government contract feels like hitting the jackpot. The moment word spreads that someone has landed a deal, everything changes. Friends become more attentive, relatives resurface, banks suddenly extend courtesy, and suppliers are willing to offer goods on
Uganda Revenue Authority acted unfairly and highhandedly when it impounded an armoured land cruiser belonging to Dr Jaala Higenyi, the former owner of Ntinda View College, following a tax assessment dispute, the High Court has ruled.In a strongly worded judgment delivered on April 30, Just
The directive, issued by President Yoweri Kaguta Museveni, places the investigation into alleged corruption, unexplained wealth, and procurement irregularities at the center of what has now evolved into a high-stakes political and institutional inquiry affecting Parliament and its leadership circ
KAMPALA, Uganda — More than 20 mobile money agents in Kampala and surrounding areas have been left in financial distress after allegedly falling victim to a suspected loan scam involving a man identified as Tumusiime Wyclif, an employee of Flow Uganda.The agents claim they collectively l
The murder trial of businesswoman Molly Katanga took a dramatic turn of events Monday after the State accused her of withdrawing more than Shs40 billion from a Euro account belonging to her deceased husband, businessman Henry Katanga, even while she admitted at International Hospital Kampala (IHK
The Commercial Division of the High Court has launched an intensive two-week mediation exercise targeting more than 320 banking and credit-related disputes, in a move aimed at reducing case backlog and unlocking billions of shillings tied up in prolonged litigation.The initiative, conducte
An application by Hill Water Uganda seeking to overturn a default judgment in a debt dispute with General Moulding Uganda has been dismissed, bringing to an end a lengthy legal battle over unpaid goods worth Shs 45.8 million.Justice Dr. Ginamia Melody Ngwatu of the Commercial Court dismiss
KK Fresh Produce Exporters, one of the leading local exporters of fresh fruits and chilli to the international market, has been ordered to pay Shs 191.8 million to East African Packing Solutions, following a dispute over an unpaid debt.Justice Stephen Mubiru ruled that KK Fresh Produce had
