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Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Government has quietly converted a Shs7.78 trillion temporary advance from the Bank of Uganda into long term public debt, a move that will see taxpayers commit to years of repayments amid rising pressure on the country’s finances.According to the Parliamentary Committee on Finance report

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Inside Centenary Bank’s Anti-Fraud Technology Protecting Customers’ Money

Inside Centenary Bank’s Anti-Fraud Technology Protecting Customers’ Money

As digital banking adoption accelerates across East Africa, concerns over cybercrime continue to grow, with fraudsters increasingly targeting unsuspecting users through sophisticated digital attacks.According to the Uganda Police Annual Crime Report 2024, cybercrime-related losses in Ugand

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UEDCL records Shs1.71t revenue in first year of power distribution takeover

UEDCL records Shs1.71t revenue in first year of power distribution takeover

Uganda Electricity Distribution Company Limited has registered a strong operational and financial rebound in its first year of managing the country’s electricity distribution network, posting Shs1.71 trillion in revenue as it stabilised a system inherited from private operators.The perfo

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Over 7,000 Former Special Police Constables Begin Training for Private Security Roles

Over 7,000 Former Special Police Constables Begin Training for Private Security Roles

More than 7,000 former Election Special Police Constables have started a one-month intensive training program to transition into Uganda’s private security sector, enhancing both employment opportunities and sector professionalism.Over 7,000 former Election Special Police Constables have

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PRISONS DIGITAL SHAME! Billions-Boosted PIMS Stuck in 10-Year ‘Pilot’, Staff Gaps, Chaos & System Failure Exposed!

PRISONS DIGITAL SHAME! Billions-Boosted PIMS Stuck in 10-Year ‘Pilot’, Staff Gaps, Chaos & System Failure Exposed!

A damning Auditor General’s report has laid bare a shocking cocktail of neglect, poor planning, and institutional failure at the Uganda Prisons Service, where a high-stakes digital system meant to revolutionise prison management has instead stalled in a near-decade-long limbo.The Prisons

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UTB BANK BOSS ON THE SPOT AS CLOSE TO UGX 70M VANISHES IN 5 MINUTES – Customer Demands Refund, Accuses Executive Director of Shielding Fraudsters

UTB BANK BOSS ON THE SPOT AS CLOSE TO UGX 70M VANISHES IN 5 MINUTES – Customer Demands Refund, Accuses Executive Director of Shielding Fraudsters

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

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Uganda Police Arrest Five Suspects in Lubowa Motorcycle Robbery Crackdown

Uganda Police Arrest Five Suspects in Lubowa Motorcycle Robbery Crackdown

Police in Lubowa, Wakiso District, have achieved a major breakthrough in combating motorcycle-related robberies with the arrest of five young men suspected of orchestrating a string of thefts in the Lubowa and Ndejje areas.The arrests follow an intelligence-led operation that began on Febr

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Police Crack Down on Motorcycle Theft Syndicate Operating in Northern Uganda

Police Crack Down on Motorcycle Theft Syndicate Operating in Northern Uganda

LAMWO, Uganda – Police in Lamwo District have dealt a significant blow to an organised criminal network, arresting two key suspects linked to a spate of motorcycle thefts in the Lira and Gulu areas. The operation has led to the recovery of several stolen motorcycles and a collection of conceale

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LANDS OFFICE SCANDAL! 277,000 Land Files Stuck, Fraud Rampant & Titles Forged as Fresh Probe Reveals Shocking Rot

LANDS OFFICE SCANDAL! 277,000 Land Files Stuck, Fraud Rampant & Titles Forged as Fresh Probe Reveals Shocking Rot

A Value for Money audit has detonated a political and administrative bombshell at the Ministry of Lands, Housing and Urban Development, exposing deep cracks in Uganda’s land administration system despite years of digitalisation and decentralisation reforms.At the centre of the storm is t

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Gaming stakes to hit Shs14.1 trillion as regulator revenue rises from Shs17.4 billion to Shs391 billion in 10 years

Gaming stakes to hit Shs14.1 trillion as regulator revenue rises from Shs17.4 billion to Shs391 billion in 10 years

Finance Minister, Matia Kasaija congralating Mr Kenneth Kitariho (right) upon his inauguration as Chairperson of the NLGRB. Looking on is outgoing board chairperson Aloysius Mugasa (2nd left) and CEO Denis Mudene Ngabirano.Ten years after it was created, the National Lotteries and Gaming R

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