KAMPALA, Uganda — Uganda’s construction sector is facing a financial crisis due to the government’s failure to pay UGX 1.351 trillion in arrears to road contractors, according to Francis Mwijukye, Shadow Minister for Works and Transport.
City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the High Court in Kampala ruled in favor of Housing Finance Company Limited in a high-stakes financial dispute.The ruling, whi
Absa Bank Uganda, in partnership with Visa, has launched three new premium card solutions—Infinite, Signature, and Business Credit Cards—designed to cater to the unique needs of affluent and business customers.The Infinite Card, a globally recognized ultra-premium debit or credit card,
Airtel Money and Mastercard have unveiled a new virtual card that enables customers in Uganda to shop using their mobile money account at more than 100 million merchants across 200 countries through Mastercard’s global network.Airtel Money Uganda Managing Director, Japhet Aritho hailed t
Sepp Blatter and Michel Platini are facing Swiss justice for the second time in less than three yearsBBC - Sepp Blatter and Michel Platini are facing Swiss justice for the second time in less than three yearsFormer Fifa president Sepp Blatter and French fo
President Yoweri Museveni has given the green light to a new Copyright Management System, aimed at safeguarding musicians’ rights and ensuring they receive fair compensation for their work.Following a meeting with key officials and musicians, including Eddy Kenzo, the presiden
In a video released on January 11, 2019, Ugandan socialite Bad Black apologized to President Museveni for a controversial video she posted in September 2018.In that video, Bad Black had strongly criticized Mu
The government of Uganda is committed to meeting Umeme Limited’s buyout amount before the electricity distributor’s concession runs out at the end of March, Ziria Tibalwa Waako, the chief executive officer of the Electricity Regulatory Authority (ERA), has s
The permanent secretary and secretary to the treasury Ramathan Ggoobi has interdicted the nine officials from the finance ministry under the Accountant General’s office.This follows an investigation in the minis
In a major crackdown on financial malpractice within government institutions, Uganda’s Criminal Investigations Directorate (CID) has arrested nine senior officials from the Ministry of Finance over their alleged involvement in the fraudulent diversion of Shs 6
