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Pearl Bank Unveils Kololo Headquarters as Rebrand Signals Strategic Shift

Pearl Bank Unveils Kololo Headquarters as Rebrand Signals Strategic Shift

Pearl Bank Uganda, formerly PostBank, has opened a new head office in Kololo, backed by strong financial growth and a broader strategy to reposition itself as a modern, digitally driven institution focused on expanding credit and deepening financial inclusion.A new phase in Uganda’s bank

Ultimate Uganda

Fuel Hits Shs 20,000 Per Litre as Gov’t Urges Calm

Fuel Hits Shs 20,000 Per Litre as Gov’t Urges Calm

Fuel prices in Uganda are reaching record highs, with motorists in Moroto, Karamoja reporting pump prices as steep as Shs 20,000 per litre. The spike has triggered long queues at stations in Mbarara, while some outlets in Kampala are running dry. The situation is even bleaker in upcountry regions

Ultimate Uganda

Parliament passes Lotteries and Gaming Bill introducing 30% tax, targets Shs24b annual revenue

Parliament passes Lotteries and Gaming Bill introducing 30% tax, targets Shs24b annual revenue

Parliament has passed the Lotteries and Gaming (Amendment) Bill, 2026, introducing a harmonised 30 percent tax on betting and gaming activities with a projection of an annual revenue increase of Shs24 billion from the reform.The Bill was first read on Wednesday, April 1, 2026 by the State

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BREAKING: Fire Engulfs Haruna Tower in Wandegeya

BREAKING: Fire Engulfs Haruna Tower in Wandegeya

A major fire has broken out at Haruna Tower in Kkubbiri, Wandegeya, sending thick smoke into the sky as police secure the scene while firefighters are yet to arrive.A fire has broken out at Haruna Tower in Kkubbiri, Wandegeya, with thick smoke seen billowing from the six-storey building.

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Lira bans weekend teaching, holiday homework over mental health concerns

Lira bans weekend teaching, holiday homework over mental health concerns

Lira City authorities have with immediate effect banned weekend teaching and holiday homework, citing growing concerns over mental health among learners.The directive, announced Tuesday, follows a stakeholders’ meeting at Lira Primary School attended by private school proprietors, head t

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Balancing Sovereignty and Openness: Regulating Foreign Influence without Stifling Growth

Balancing Sovereignty and Openness: Regulating Foreign Influence without Stifling Growth

No man is an island, Entire of itself; Every man is a piece of the continent, A part of the main.”The European poet who wrote those words 400 years ago has become relevant in today’s discussions.No nation is an isolated island, entire of itself.Every country faces foreign

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NRM’s Barata Says Sovereignty Bill Promotes Transparency Without Limiting Investment

NRM’s Barata Says Sovereignty Bill Promotes Transparency Without Limiting Investment

The point of a Sovereignty Bill being before Parliament is for it to be debated and adjusted as long as the ultimate objective and purpose are achievedThe National Resistance Movement (NRM) Director of Legal Affairs, Enoch Barata, has argued that the proposed Protection of Sovereignty Bill

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Withholding Tax Exemption Returns to Six Months: What It Means for Businesses

Withholding Tax Exemption Returns to Six Months: What It Means for Businesses

withholding tax exemption allows qualifying businesses to receive income without deductions at source, improve cash flow management, and reduce administrative burden related to tax credits and reconciliations.The Uganda Revenue Authority (URA) has officially announced the opening of applic

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Motor vandalism increases as police intensify theft operations in Albertine

Motor vandalism increases as police intensify theft operations in Albertine

Albertine police PRO, APS Julius Allan Hakiza, told tndNews, Uganda, that it has become a growing trend where thieves have resorted to vandalising vehicles.This, he said, is a growing trend that aims to replace motor vehicle theft in the region.According to him, the transition follo

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Uganda Nears First Oil as Projects Reach Completion

Uganda Nears First Oil as Projects Reach Completion

Uganda is approaching what officials describe as a decisive phase in its petroleum journey, with major oil infrastructure projects reporting near-completion ahead of expected production in the second half of 2026.This was announced ahead of the 11th Annual Oil and Gas Convention (OGC 2026)

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