Business •
06 May '26
A bombshell leaked board resolution from Stanbic Bank Uganda has laid bare the real reasons behind the dramatic exit of CEO Anne Juuko in 2024 and it’s not the rosy “promotion” story that was sold to the public.Kampala was left buzzing, boardrooms kept whispering, and the truth is fi
Business •
06 May '26
Uganda National Oil Company (Unoc) said on Wednesday it had begun discharging nearly 100 million litres of fuel at the port of Mombasa, with the first consignments expected to reach Uganda within days amid rising pump prices.The shipment, offloaded on May 5, comprises 47.5 million litres o
Business •
06 May '26
Kiira Motors Corporation, Uganda’s flagship automotive manufacturer, has grown from a modest student innovation project at Makerere University into a key pillar of the country’s industrialisation agenda. The project dates back to 2007, when Ugandan engineering students participated in a globa
Business •
06 May '26
The National Resistance Movement (NRM) has unveiled plans to construct permanent headquarters at Plot 10, Kyadondo Road in Kampala, where it currently operates.The party’s secretary general, Richard Todwong, said the project is a fulfilment of a pledge by the party chairman, Yoweri Musev
Business •
06 May '26
State Minister for Investment and Privatisation Evelyn Anite said Pearl Bank now has the opportunity to expand beyond Uganda and position itself as a serious regional competitor.Pearl Bank’s profits rose 34 percent to Shs47.3 billion in 2025.Minister Evelyn Anite urged the bank to
Business •
06 May '26
Parliament yesterday passed a supplementary budget of Shs1.1 trillion under supplementary schedule five, giving more money to the government to implement its activities. Of the total amount, the supplementary request that does not require prior approval from Parliament amounts to Shs586.2b. This
Business •
06 May '26
Arua City has always been a place of movement. By daybreak—around 6am—its streets pulse with the high tempo of trade: vendors calling out prices, boda-bodas weaving through traffic, children darting between homes and schools, and street vendors oscillating in all directions to make ends meet.
Business •
06 May '26
Unknown gunmen have shot dead a security guard in Gulu city, northern Uganda and fled with his firearm.The deceased has been identified as Ronald Obedi, a guard attached to Samurai Security Protective Services Uganda Ltd. The attackers reportedly shot Obedi at about 9:30 p.m. on Tuesday wh
Business •
05 May '26
From left, Peter Mawande, 25, Sadam Hussein, 20, and Lydi Kanyesigye, 34, who are charged with unlawful obtaining and disclosure of personal data. PHOTO/GEOFREY MUTUMBA.Court in Kampala has convicted three mobile money agents for unlawfully obtaining and disclosing a client’s personal da
Business •
05 May '26
Parliament has approved a Shs1.1 trillion Supplementary Expenditure Schedule No.5 for 2025/2026 to cater for the swearing in ceremony of President Yoweri Museveni, preparations for the African Cup of Nations (AFCON) 2027 and elections of local councils, among others. The Minister of State