Uganda's mobile money sector is taking major steps to prevent loan defaults and restore trust in digital lending. For years, some borrowers who defaulted on digital loans exploited loopholes by switching networks or SIM cards, making it difficult for lenders to recover funds. Under the previous s
In a Tuesday session that has sparked outrage among fiscal watchdogs, a mere fraction of the 11th Parliament authorized the government to proceed with massive loan requests totalling nearly Shs9 trillion.By suspending key safeguards, the House bypassed the standard oversight procedures des
The government has announced early payment of December salaries and pensions for public officers and pensioners, directing that all payments be processed by December 23, 2025, ahead of the festive season.In a circular dated December 12, 2025, the Ministry of Public Service instructed all r
KPC operates more than 1,700 km (1,056 miles) of petroleum pipelines linking the port of Mombasa to Nairobi, western Kenya and onward to Uganda. The system currently handles about 90% of Uganda’s fuel imports, making it critical to the country’s energy securityKenya plans to list the
“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS
The late Kawempe South MP Muhammad Ssegirinya’s case is the most complicated.The Uganda Parliamentary Savings and Credit Cooperative Organisation (SACCO) is withholding savings belonging to at least 34 deceased legislators due to bitter disputes among i
The Tyne-Wear derby remains one of English football's fiercest rivalries, with Sunderland and Newcastle United battling for bragging rights in the North East for well over a century.From dramatic late winners to unforgettable performances, the Black Cats have enjoyed some
Marcus Rashford could be the subject of a swap deal involving PSG star Bradley Barcola next summer, according to Football Insider.Rashford departed Manchester United for Barcelona on loan over the summer and has made an impressive start to life in Spain.
Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv
Hajji Bruhan Sserunga, a veteran community leader and father of Hon. Mubarak Munyagwa, the presidential candidate for the Common Man’s Party, has publicly hailed President Yoweri Kaguta Museveni for his exceptional leadership, sending a strong message of respect and confidence ahead of the elec
