The cross-border heist signifies a new frontier in the evolving nature of financial crime, where digital fraud is increasingly sophisticated, fast-moving and now, transnational. The arrests may mark a breakthrough in the Equity Bank Rwanda probe, but they also expose a deeper reality: in a digita
KAMPALA – Uganda’s public debt has surged to a record US$34.86 billion (UGX 130.84 trillion) as of December 2025, piling fresh pressure on the government’s fiscal managers and raising concerns about the long-term burden on citizens and businesses.According to the Ministry of Finance,
Uganda’s mobile money tax policy is threatening to reverse years of digital financial inclusion by driving low-income users back to cash. With 43 million accounts processing 326.3 trillion shillings annually, experts warn that excise duties on withdrawals and service fees are making digital pay
When rows of young Ugandans report for work on the assembly line of electric boda boda motorcycles, Presdeitn Yoweri Museveni’s son-in-law Odrek Rwabwogo says he sees more than machines and tools. He sees a future where Uganda builds more of what it uses.Odrek Rwabwogo, the husband of Pa
Kampala — Makerere University and the Tumusiime Mutebile Foundation have formally signed a Memorandum of Understanding (MoU) to establish the Emmanuel Tumusiime Mutebile Centre of Excellence for Private Sector Development, a landmark initiative aimed at strengthening Uganda’s private sector t
Appearing before Public Accounts Committee of Parliament, Ramathan Ggoobi, Permanent Secretary, Ministry of Finance, and Secretary to the Treasury.Parliament has been told that at the current rate of funding allocated to settle government domestic arrears, it could take more than four deca
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
Female troops serving under AUSSOM were praised for their courage, professionalism, and contribution to peacekeeping in Somalia as they joined other security personnel to mark International Women’s Day in Mogadishu.Female troops serving under the African Union Support and Stabilisation M
KAMPALA, Uganda — Uganda is hurtling toward a systemic social and economic crisis as a rapidly aging population outpaces a retirement savings framework that currently excludes 16 million workers.While the national pension sector appears robust on paper—with assets surging 21 percent to
