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Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Uganda’s banking industry has mounted a formal and detailed opposition to the proposed Protection of Sovereignty Bill, 2026, warning that its provisions could disrupt financial intermediation, deter foreign investment, and undermine the country’s broader economic growth strategy.In a l

Ultimate Uganda

COMPENSATE US: Apostle Grace Lubega Addresses Allegations of Church Blocking Road

COMPENSATE US: Apostle Grace Lubega Addresses Allegations of Church Blocking Road

Phaneroo Ministries International has dismissed social media reports alleging it is embroiled in a land dispute with the Uganda Heart Institute, labeling the claims as false, misleading, and based on a misrepresentation of facts.In a statement issued on April 16, 2026, the ministry respond

Ultimate Uganda

Kabale Traders Protest Eviction Directive Amid Relocation Uncertainty

Kabale Traders Protest Eviction Directive Amid Relocation Uncertainty

Traders in Kabale Municipality are raising concern over an impending eviction from streets and unauthorized trading spaces, saying they have not been given enough time or alternatives to relocate their businesses.With the enforcement deadline fast approaching, vendors and small-scale busin

Ultimate Uganda

M7 Favorite Pharma Investor Magoola, In Whom Govt Sunk Ugx700bn, Runs Broke; Workers Go Months Without Pay

M7 Favorite Pharma Investor Magoola, In Whom Govt Sunk Ugx700bn, Runs Broke; Workers Go Months Without Pay

All isn’t well at the Matuga-based DEI Pharma, a multi-billion pharmaceutical manufacturing enterprise based at Matugga along Kampala-Bombo Road.The company, which is meant to manufacture pharmaceutical products for both the local market and for export purposes, has about 100 employees.

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Emyooga SACCO Leaders Urged to Improve Performance in Rukungiri

Emyooga SACCO Leaders Urged to Improve Performance in Rukungiri

Ms. Jackie Namutebi, an official from the Microfinance Support Centre, has challenged leaders of Emyooga SACCOs to focus on improving their SACCOs in order to achieve the presidential vision of fighting poverty in Uganda.She stressed the importance of increasing savings in these SACCOs and

Ultimate Uganda

Ugandan Lawyer and Businessman Charles Odere Appeals USD400,000 Arena Mall Ruling

Ugandan Lawyer and Businessman Charles Odere Appeals USD400,000 Arena Mall Ruling

What began as a claim over a USD 400,000 shareholder loan has evolved into a complex legal battle that cuts across project finance, shareholder rights, and cross-border dispute resolution.At its core, the case now pits Charles Odere, the subordinated lender seeking repayment, against a con

Ultimate Uganda

Vendors Strike as Authorities Evict Taxi Operators from Balikyewuunya Roadside Market in Luweero

Vendors Strike as Authorities Evict Taxi Operators from Balikyewuunya Roadside Market in Luweero

Business ground to a halt in Luweero’s Balikyewuunya roadside market after vendors went on strike protesting the eviction of taxi operators, with traders warning that their livelihoods are at risk without customer traffic.Business came to a standstill at the busy Balikyewuunya roadside m

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Kampala’s Urban Perestroika: Why the 2026 Building Act is the New “Quiet” Revolution

Kampala’s Urban Perestroika: Why the 2026 Building Act is the New “Quiet” Revolution

For decades, Kampala’s skyline was a patchwork of build now, ask later logic a sprawling landscape of unpermitted structures and horizontal growth. However, the Building Control (Amendment) Act of 2026 has signaled the end of that era. What we are witnessing today is not just a legislative upda

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DTB opens new Tororo branch to strengthen banking access in eastern Uganda

DTB opens new Tororo branch to strengthen banking access in eastern Uganda

TORORO— Diamond Trust Bank (DTB), a leading financial institution in Uganda, has officially opened its new Tororo Branch, reinforcing its commitment to delivering accessible, efficient, and people-centered banking services across Eastern Uganda.The new branch forms part of DTB’s broade

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How Financial Discipline Helped Nankya Build a Multi-Million Hardware in a Few Years

How Financial Discipline Helped Nankya Build a Multi-Million Hardware in a Few Years

Hajjati Rehema Nankya, the brain behind Fortress Hardware in Maya. She started with a small shop with capital worth UGX1.5M.Fortress Hardware, located in Maya Trading Centre along the Kampala–Masaka Highway, isn’t an ordinary enterprise. There’s a unique and inspiring story behind it

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