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Pearl Bank Unveils Kololo Headquarters as Rebrand Signals Strategic Shift

Pearl Bank Unveils Kololo Headquarters as Rebrand Signals Strategic Shift

Pearl Bank Uganda, formerly PostBank, has opened a new head office in Kololo, backed by strong financial growth and a broader strategy to reposition itself as a modern, digitally driven institution focused on expanding credit and deepening financial inclusion.A new phase in Uganda’s bank

Ultimate Uganda

Teachers stuck in debt trap

Teachers stuck in debt trap

Today’s economic hardship is real, with many Ugandans, especially teachers, feeling the pinch. The burden of debt is palpable, and it is affecting the quality of education. With salaries stretched thin, borrowing has become a survival tool. But the cycle of repayment pressure is taking a toll.

Ultimate Uganda

Parliament passes Lotteries and Gaming Bill introducing 30% tax, targets Shs24b annual revenue

Parliament passes Lotteries and Gaming Bill introducing 30% tax, targets Shs24b annual revenue

Parliament has passed the Lotteries and Gaming (Amendment) Bill, 2026, introducing a harmonised 30 percent tax on betting and gaming activities with a projection of an annual revenue increase of Shs24 billion from the reform.The Bill was first read on Wednesday, April 1, 2026 by the State

Ultimate Uganda

Parliament Passes National Teachers Bill Without Degree Requirement — But Teachers Who Violate Standards Now Face Five Years In Jail

Parliament Passes National Teachers Bill Without Degree Requirement — But Teachers Who Violate Standards Now Face Five Years In Jail

Parliament has passed the National Teachers Bill after removing one of its most contentious provisions — a clause that would have made a bachelor’s degree in education a mandatory requirement for registration as a teacher in Uganda.The decision, reached after heated debate in the House

Ultimate Uganda

Over 7000 ex-election police constables ready for private security deployment

Over 7000 ex-election police constables ready for private security deployment

The Inspector General of Police, IGP Abbas Byakagaba, on Wednesday passed out 7,018 former Election Special Police Constables (SPCs) at the Police Counter Terrorism Training School, Olilim, following completion of specialized training for deployment under licensed Private Security Organizations (

Ultimate Uganda

Balancing Sovereignty and Openness: Regulating Foreign Influence without Stifling Growth

Balancing Sovereignty and Openness: Regulating Foreign Influence without Stifling Growth

No man is an island, Entire of itself; Every man is a piece of the continent, A part of the main.”The European poet who wrote those words 400 years ago has become relevant in today’s discussions.No nation is an isolated island, entire of itself.Every country faces foreign

Ultimate Uganda

NRM’s Barata Says Sovereignty Bill Promotes Transparency Without Limiting Investment

NRM’s Barata Says Sovereignty Bill Promotes Transparency Without Limiting Investment

The point of a Sovereignty Bill being before Parliament is for it to be debated and adjusted as long as the ultimate objective and purpose are achievedThe National Resistance Movement (NRM) Director of Legal Affairs, Enoch Barata, has argued that the proposed Protection of Sovereignty Bill

Ultimate Uganda

Withholding Tax Exemption Returns to Six Months: What It Means for Businesses

Withholding Tax Exemption Returns to Six Months: What It Means for Businesses

withholding tax exemption allows qualifying businesses to receive income without deductions at source, improve cash flow management, and reduce administrative burden related to tax credits and reconciliations.The Uganda Revenue Authority (URA) has officially announced the opening of applic

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Bill Seeking to Ban Importation of Cars Older than 13 Years Collapses: Parliament’s rejection of the proposed 13-year vehicle import limit underscores the difficult balance between environmental reform and economic reality

Bill Seeking to Ban Importation of Cars Older than 13 Years Collapses: Parliament’s rejection of the proposed 13-year vehicle import limit underscores the difficult balance between environmental reform and economic reality

Parliament has withdrawn the Traffic & Road Safety (Amendment) Bill, 2026, halting plans to reduce the vehicle import age limit from 15 to 13 years. Lawmakers cited affordability concerns, warning the move would raise car prices and transport costs, despite government’s push for cleaner, mo

Ultimate Uganda

BREAKING! Ngora District Officials Remanded Over Mismanagement of Shs1B Road Fund

BREAKING! Ngora District Officials Remanded Over Mismanagement of Shs1B Road Fund

Two officials of Ngora district local government and a local businessman have been arraigned before court over mismanagement of Shs1B Road fund.The trio; Opio Stanislaus Francis- Acting District Engineer, Okello Samuel- Assistant Engineering Officer and Oroni Herbert- Station Manager, Rett

Ultimate Uganda