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
A shocking bank scandal has erupted after Ugx 69 million mysteriously disappeared from a customer’s account in just five minutes, leaving behind a trail of fear, anger and serious questions about the safety of money in Uganda’s banking system.The man at the center of the storm is Chine
Unlike its approach to Rwanda, Kenya, DR Congo, and Tanzania, the United States has not been intentional in pursuing commercial engagement with Uganda.Different from its neighbours, Uganda is not a direct party to any binding trade agreements with the U.S. and relies on regional arrangemen
Tycoon Sudhir Ruparelia’s ambitious luxury residential development, the One Ten Apartments, is steadily rising in Kololo as one of the most prominent high-end property projects currently reshaping the skyline of Kampala.The 15-storey apartment tower, located along Prince Charles Drive, i
