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
Former Kampala Deputy Lord Mayor Doreen Nyanjura has strongly criticised the Ugandan government following reports that medical intern allowances have been withdrawn, warning that the move could worsen pressure on the country’s already strained public health system.The controversy comes a
The government expects to save about Shs24 billion annually after suspending funding for national public holiday celebrations beginning Financial Year (FY)2026/2027, the Ministry of Finance has said.The move is part of the government’s Rationalisation of Government Agencies and Public Ex
The High Court has ruled that the sale of a mortgaged property in Najjera by Housing Finance Bank was unlawful, negligent, and conducted at a gross undervalue. Justice Susan Odongo delivered the decision in a case filed by Barnabas Samuel Aliku and Christine Mutesi Aliku, who accused the bank of
Some of the suspects arrested during the police raid at a house in Kira Municipality. Inset: Ronnie Mulindwa, who is wanted by police and remains on the run as investigations into the alleged online exploitation network continue.Mulindwa and his associate, Martin Male, are among the key su
The Office of the Prime Minister (OPM) has commenced the disbursement of Shs2.8 billion under the long-awaited Shs80 billion national cattle restocking programme. However, the intervention has faced immediate scrutiny, with critics and local leaders describing it as a "drop in the ocean" g
Lotteries and gaming operators in Uganda withheld at least Shs 2.6 billion in winning claims from 125 players in the current financial year.According to the National Lotteries and Gaming Regulatory Board (NLGRB), the complainants petitioned the regulator after their purported winnings were
KAMPALA — Thirteen winners of Uganda’s 2025 Best Farmers Competition have been flagged off for a week-long agricultural study visit to the Netherlands, where they will gain exposure to advanced farming technologies, value addition systems, and modern agribusiness models aimed at transforming
Economists, researchers and small business operators are urging government to reduce the 0.5 percent excise duty on mobile money withdrawals, warning that high transaction costs are undermining financial inclusion and hurting small businesses.Mobile money has become one of Uganda’s most
The death of Xavier Kitaka, the founder of MTK Uganda, has put the firm on the brink of collapseMTK Uganda, once regarded as one of Uganda’s biggest agro and animal health companies, has suffered another major legal setback after the High Court ordered it to pay more than Shs 640m to Fre
