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
Equity Group Holdings has posted the strongest financial performance in its history, reporting a record KSh75.5 billion (approximately UGX 2.15 trillion) profit after tax for the year ended December 2025, as regional subsidiaries, digital banking, and insurance operations powered a major growth s
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
Sanjay Rughani (right) and David Wandera after the Bank of Uganda approved the sale of Standard Chartered Uganda’s Wealth and Retail Banking business to Absa Bank Uganda.KAMPALA — The Bank of Uganda has approved the sale of Standard Chartered Bank Uganda’s Wealth and Retail Banking (
Lotteries and gaming operators in Uganda withheld at least Shs 2.6 billion in winning claims from 125 players in the current financial year.According to the National Lotteries and Gaming Regulatory Board (NLGRB), the complainants petitioned the regulator after their purported winnings were
KAMPALA, Uganda — Severe management crises, bribery allegations in staff deployments and systemic administrative loopholes have sparked widespread discontent among staff at the Ministry of Lands, Housing and Urban Development, internal sources reveal.The developments place Permanent Secr
Economists, researchers and small business operators are urging government to reduce the 0.5 percent excise duty on mobile money withdrawals, warning that high transaction costs are undermining financial inclusion and hurting small businesses.Mobile money has become one of Uganda’s most
An embattled senior official in Uganda’s Ministry of Works and Transport, Ronald Amanyire, has publicly weighed in on the widening controversy surrounding alleged illicit financial transactions linked to former Speaker Anita Among, offering a detailed and highly charged account of how money all
In a decisive move to curb professional misconduct within the legal fraternity, the Law Council Disciplinary Committee has officially banned Kampala-based advocate Richard Buzibira from practicing law.The committee found him guilty of gross fraud and negligence after he used forged documen
