Ugandans using mobile money platforms will continue to contend with the 0.5 percent tax to withdraw cash, a tax that has been blamed for the high cost and low uptake of digital money.The Ministry of Finance, Planning and Economic Development, declined to include the proposal of halving the
Tension is mounting in Kisoro and Rubanda districts following concerns over the planned acquisition of land for iron ore mining, with Bukimbiri Member of Parliament Hon. Eddie Kwizera calling for clarity and respect for affected communities.In a letter dated March 11, 2026, addressed to th
TORORO— Diamond Trust Bank (DTB), a leading financial institution in Uganda, has officially opened its new Tororo Branch, reinforcing its commitment to delivering accessible, efficient, and people-centered banking services across Eastern Uganda.The new branch forms part of DTB’s broade
At the heart of Uganda’s Commercial Court sits a quiet crisis with far-reaching economic consequences: 623 unresolved banking cases locking up an estimated UGX 2 trillion in disputed value. For banks, this means capital tied down in provisioning and delayed recovery; for borrowers, businesses f
Pakistan agrees to repay $3.5 billion to UAE after Abu Dhabi demands immediate return of debtNew Delhi/Islamabad, April 4 Facing mounting pressure, Pakistan has agreed to fully repay approximately “USD 3.5 billion” in deposits and loans to the United Arab Emirates (UAE) by the end of A
Bukusu Constructors, the distributor of Coca-Cola products in Manafwa district, has been ordered to pay the beverage giant Shs 412 million for breach of contract.Their relationship started on September 30, 2023, when Coca-Cola appointed Bukusu Constructors as its official distributor in Ma
Wakiso, Uganda | The Inspector General of Government (IGG), Lady Justice Naluzze Aisha Batala, on Wednesday began the valuation of 17 properties recovered from corrupt public officials, marking a significant step in the government’s efforts to reclaim stolen public funds.Justice Naluzze
Justice Micheal Elubu of the Anti-Corruption Division of the High Court has issued a Court order freezing bank accounts opened in the names of General Trading Limited registered in Stanbic Bank, land titles and documents connected to controversial South Sudan gold dealer Henry Ochown alias Malong
Whistleblower allegations raise serious questions about misuse of funds, power, and governance — but the Commission insists there is “no crisis.”Kampala, Uganda: The leadership of the Uganda Human Rights Commission is under intense scrutiny following a wave of whistleblower allegatio
According to several local party leaders, the Shs186 million was deposited on January 13, 2026 into Apac district party account at Centenary Bank.Apac, Uganda: A bitter dispute has erupted among leaders of the ruling National Resistance Movement in Apac District over Shs186 million that wa
