Twinemanzi Tumubweine, Bank of Uganda Executive Director of National Payment Systems.Overview:The new measures, which take effect on January 1, 2027, are expected to reshape how businesses and consumers move money through the banking system.KAMPALA — The Bank of Uganda (BoU
The High court has ordered journalist, Henry Lubulwa, to pay Shs 60 million in damages for defaming Letshego Uganda Limited and its chief executive officer, Germany Giles Aijukwe.Lubulwa, through his online publication Entebbe Post, was found liable for publishing defamatory claims allegin
Energy Minister Ruth Nankabirwa has publicly appealed to President Yoweri Museveni to retain her in Cabinet, saying she has served the NRM government loyally and diligently throughout her long political career without any wrongdoing.The Minister of Energy and Mineral Development, Ruth Nank
Mobile money has become one of the biggest sources of borrowing in Uganda, with millions of people now relying on their phones for quick loans instead of traditional banks.In 2025 alone, Ugandans borrowed at least Shs2.75 trillion through mobile money platforms, highlighting how digital le
Centenary Bank’s top leadership (L–R): Chairman Gustavo Bwoch, Managing Director Fabian Kasi, Executive Director, Business Joseph Balikuddembe, and Executive Director, Operations Michael Opira. The bank is resetting its executive leadership through a dual-Executive Director structure aimed at
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.
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
Centenary Bank, the leading microfinance bank in the country and the Office of the Supreme Mufti (OSM) partnered to roll out the OSM Digital Payments Platform, a transformative initiative aimed at facilitating seamless financial transactions within Muslim communities through secure, convenient, a
The Commercial Division of the High Court has ordered Jie County MP, Lokii Peter Abrahams, to pay businessman and money lender Amit Jain nearly 5 billion Shillings for failure to repay a loan taken in 2012.Justice Steven Mubiru ruled that Lokii defaulted on a 265 million Shillings loan, wh
Pallisa MP Otukol Samuel and three others have been convicted for fraud and theft involving public funds in Namisindwa District and await sentencing on April 1, 2026.Hon. Otukol Samuel, the Member of Parliament for Pallisa, has been convicted by Uganda’s Anti-Corruption Court on multiple
