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BoU Allays Fears of Cash Withdrawal Caps at Banks

BoU Allays Fears of Cash Withdrawal Caps at Banks

The recent announcement by the Bank of Uganda introducing new limitations to over-the-counter cash withdrawals and check payments have has raised questions over the motives behind it. ‎The banks have been given the next six months to transition to the new policy adjustment.‎The new mea

Ultimate Uganda

Motorcyclist Killed in Crash Along Kabale–Kisoro Highway

Motorcyclist Killed in Crash Along Kabale–Kisoro Highway

Police say the rider died instantly after his motorcycle collided with a low-bed trailer in Rubanda District, with preliminary investigations pointing to excessive speed.RUBANDA — Police in Rubanda District are investigating a fatal road crash that claimed the life of a 32-year-old motor

Ultimate Uganda

Inside the Shocking Sh4.6 Billion Equity Bank Heist: Supreme Court Seals Fate of Rogue Manager as Fraud Plagues Banking Giant

Inside the Shocking Sh4.6 Billion Equity Bank Heist: Supreme Court Seals Fate of Rogue Manager as Fraud Plagues Banking Giant

The Supreme Court has upheld the conviction of David Musoke Sserwamba in a shocking sh4.6 billion heist, highlighting a history of insider fraud at Equity Bank.KAMPALA, Uganda — The Supreme Court has upheld the conviction of David Musoke Sserwamba, a rogue former operations manager at Eq

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Eleven Remanded Over Alleged Shs11Bn Industrial Park Investment Fraud

Eleven Remanded Over Alleged Shs11Bn Industrial Park Investment Fraud

Eleven suspects accused of defrauding a businessman of more than $2.5 million(approximately shs11 billion) and laundering the proceeds have been remanded to Luzira Prison by the Buganda Road Chief Magistrate’s Court.The accused include Peter Lubwama, Henry Ochown alias Malong Tong, Pasc

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Balaam Dismisses Frank Gashumba Drama, Hints at Major PLU Shuffles at Kyankwanzi Retreat

Balaam Dismisses Frank Gashumba Drama, Hints at Major PLU Shuffles at Kyankwanzi Retreat

KYANKWANZI — The newly appointed Minister of Local Government, Hon. Dr. Balaam Barugahara Ateenyi, has downplayed simmering tensions involving outspoken activist Frank Gashumba, playfully describing him as a “movie star” and a “dangerous substitute” while hinting at major impending deve

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Muhoozi Orders Lukwago’s Release, Mobilises Supporters for Turkish Embassy Protest

Muhoozi Orders Lukwago’s Release, Mobilises Supporters for Turkish Embassy Protest

Uganda’s Chief of Defence Forces, Muhoozi Kainerugaba, on Tuesday announced that opposition politician Erias Lukwago would be released from detention while calling on supporters of the Patriotic League of Uganda (PLU) to demonstrate at the Turkish Embassy in Kampala later this week.Lukwa

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Kabale Coffee Farmers Receive Shs27 Million Input Boost Under Climate-Smart Agriculture Project

Kabale Coffee Farmers Receive Shs27 Million Input Boost Under Climate-Smart Agriculture Project

The World Bank-funded initiative aims to improve coffee production, strengthen climate resilience and increase household incomes among farmers in Kabale District.KABALE — Coffee farmers in Kabale District have received agricultural inputs worth Shs27 million under a government programme

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From 200 to 7,000 Birds: ONC Empowerment beneficiary builds multi-Million poultry enterprise in Kira

From 200 to 7,000 Birds: ONC Empowerment beneficiary builds multi-Million poultry enterprise in Kira

Wakiso, Uganda: What began as a small poultry startup supported by the Office of the National Chairman (ONC) empowerment program has evolved into a thriving commercial enterprise generating millions of shillings and creating jobs in Wakiso District.Abdul Karim Waswa Tamale, a resident of K

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Ibanda Municipality Prioritizes Ssaza Market Redevelopment Under USMID Program

Ibanda Municipality Prioritizes Ssaza Market Redevelopment Under USMID Program

Authorities in Ibanda Municipality have prioritized the redevelopment of Ssaza Daily Market as the first project to be implemented under the Uganda Support to Municipal Infrastructure Development (USMID) Program, shelving earlier plans to simultaneously undertake three major infrastructure projec

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Côte d’Ivoire Break Ecuador Resistance in Final Minute

Côte d’Ivoire Break Ecuador Resistance in Final Minute

Amad Diallo scored a dramatic 90th-minute winner as Côte d’Ivoire opened their FIFA World Cup Group E campaign with a 1-0 victory over Ecuador.The Manchester United winger, who started on the bench, came on to deliver the decisive moment in a tense and entertaining contest. Amad guided

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