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Inside Job: Suspect in PostBank Shs 500 Million Counterfeit Arrested
Post Bank has said that its staff colluded and put fake currency in its branch in Mbale.This week, the bank confirmed that its internal control mechanism had discovered counterfeit notes worth sh 500 million in the Mbale branch.Bundles of counterfeit sh 50,000 notes were found on No
Ultimate Uganda
Why MTN is at loggerheads with URA in Shs 1.5 trillion tax stalemate
For the past five months or so, Uganda Revenue Authority (URA) has been at loggerheads with Uganda’s biggest telecommunications company, MTN.This follows an audit carried out by SafariTech - a Kenyan company tha
Ultimate Uganda
Minister Betty Amongi Launches 107 Million Shilling Soft Loan for Lira Cityâs Market Vendors
Lira, Uganda â Three hundred eighty-seven small-scale businesswomen from Lira City have benefited from a soft loan of 107 million shillings, disbursed by Hon. Betty Amongi Akena on Friday, November 15, 2024, at Senior Quarters, Lira City East Division.Jenifer Opio, a member of Hon. Betty Am
Ultimate Uganda
Absa in push to ease access to electric motorcycles
Financial technology company, Mogo, has said it has obtained a loan facility from Absa to ease access to electric motorbikes. The company, which indicated that it had previously benefited from Absa’s financing at the group level, said the first tranche of Shs5b had been disbursed.
Ultimate Uganda
‘We’re aware the boda market is built on trust’
Imagine youâre running an asset financing business in Europe and think, âWhy not give East Africa a shot?â So you do the research, find the market, and discover real potential. Thatâs how Mogo Uganda, an asset-financing tech company, landed in Kampala. The
Ultimate Uganda
Don’t give space to politics of identity, minister tells journalists
Security minister Rtd Maj Gen Jim Muhwezi has asked journalists and media practitioners to shun individuals that promote politics of identity saying âitâs a backward trend that undermines development.â The minister, who doubles as the Member of Parliament for Rujumbura Cou
Ultimate Uganda
Two years later: Did dead pupil foresee Salama fire?
Rebecca Namulondo, 9, had a chilling premonition of impending doom. In an emotional revelation, Godfrey Wamunyokoli, a Mathematics and Science teacher at the Salama School of the Blind, 40km east of Kampala in Luga Village, Kisoga Sub-county, Mukono District, shared a chilling detail abo
Ultimate Uganda
Vuni, Kaluusimann and the tales of adventure bikers
Yes, you have seen the big, monstrous BMW 1200cc and 1250cc bikes at a place near you. Talk about adventure bikes and the first person many people will remind you of is Jacob Oulanyah, the late speaker of Parliament, who, in his short time on two wheels, used his face value to promote the bi