Uganda’s banking sector recorded strong growth in 2025, with total industry assets rising to Shs61.59 trillion from Shs53.12 trillion in 2024, according to an analysis of audited financial results by Business Focus.The results show that a handful of banks continue to dominate the industr
Mukono District Deputy Chief Administrative Officer (CAO) Muhumuza (centre) and District Engineer Herbert Lutwama (right) address participants during an engagement at the district headquarters on June 4, 2026. PHOTO/DANIEL M. SSENFUMAMukono District Local Government has allocated Shs230 mi
The Nakawa Chief Magistrate's Court has issued a stern warning to businessman Mukesh Shukla, the proprietor of Shumuk Aluminium Industries, directing that his long-running criminal trial be concluded without further delays.The directive was issued by Chief Magistrate Christine Nantege duri
City businessman Shukla Babubhai Mukesh alias Shumuk Mukesh has been remanded to Luzira Prison over land fraud dispute involving a prime property along Jinja Road, Eagle Online reliably reports. This case adds to a growing list of legal battles that have trailed him in recent years.
major corruption investigation has been launched into a Shs26.586 billion contract for the maintenance of Uganda’s national CCTV surveillance system. New documents have revealed how the contract was awarded, how the money was planned to be used, and the growing concerns surrounding its implemen
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 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
Parliament Speaker Jacob Marksons Oboth (2nd right) leaves Parliament chambers after presiding over plenary session on May 28, 2026. PHOTO/ PARLIAMENT OF UGANDA X HANDLEThe budget of Parliament has within six years doubled to Shs1.2 trillion, despite the number of elected members of the Ho
More Ugandans are using mobile money, but telecom companies earned less in the first three months of 2026.New figures from the Uganda Communications Commission, using data from Bank of Uganda, show active mobile money users climbed to 36.7 million between January and March.That’s
Former Gender minister and Uganda Peoples Congress (UPC) stalwart Betty Amongi is among those who were dropped from their ministerial positions in the Cabinet reshuffle that was announced on Tuesday last week. Her dismissal, however, came as a surprise to many people since she was seemingly one o
