Search Results

Former Trade Ministry PS Ssali, others to appear before Anti-Corruption Court on Wednesday as case resumes

Former Trade Ministry PS Ssali, others to appear before Anti-Corruption Court on Wednesday as case resumes

Former Principal Secretary in the Ministry of Trade, Industry and Cooperatives (MTIC), Geraldine Ssali Busulwa, alongside five co-accused persons, is set to return to the Anti-Corruption Division of the High Court on Wednesday, 17, as proceedings in a high-profile corruption case resume.Ac

Ultimate Uganda

UGX 533m Refund ‘Disappears’ in URA–Canaan Sites Shs 2.4bn Tax Settlement Drama

UGX 533m Refund ‘Disappears’ in URA–Canaan Sites Shs 2.4bn Tax Settlement Drama

tax dispute that began more than a decade ago over Value Added Tax (VAT) on land transactions has cost the Ugandan government at least UGX 2.48 billion in refunds, interest and legal costs, but fresh documents now indicate that an additional UGX 533 million remains unresolved despite being previo

Ultimate Uganda

New mobile money scam you need to know before your next cash withdrawal

New mobile money scam you need to know before your next cash withdrawal

new mobile money scam is targeting cash withdrawal customers by exploiting phone numbers and transaction prompts. Learn how the fraud works and how to protect yourself.Fraudsters are using a new two-person trick to steal mobile money during withdrawals.Victims unknowingly approve tr

Ultimate Uganda

Pearl Bank fired employee for losses it had already linked to bad weather. They have to pay him Shs 78m

Pearl Bank fired employee for losses it had already linked to bad weather. They have to pay him Shs 78m

Pearl Bank (formerly PostBank) has been ordered by the Industrial Court to pay Shs 78.9 million to a senior manager it unfairly and unlawfully dismissed nine years ago.Paul Ndhego joined PostBank in May 2009 as a branch manager before rising through several positions. By December 2012, he

Ultimate Uganda

LANDS MINISTRY IN TURMOIL! PS Docus Okalanyi Faces Mounting Allegations of Corruption and Abuse of Office

LANDS MINISTRY IN TURMOIL! PS Docus Okalanyi Faces Mounting Allegations of Corruption and Abuse of Office

Kampala, Uganda – The Ministry of Lands, Housing and Urban Development is once again under intense public scrutiny following serious allegations leveled against Permanent Secretary Docus Okalanyi, with insiders describing rising tension, staff dissatisfaction, and claims of systemic irregularit

Ultimate Uganda

Auditor General Pins IRA Boss Kaddunabbi Over UGX 181M Irregular Payments, Questionable Hiring

Auditor General Pins IRA Boss Kaddunabbi Over UGX 181M Irregular Payments, Questionable Hiring

special forensic investigation by the Auditor General has severely faulted the Chief Executive Officer of the Insurance Regulatory Authority (IRA), Ibrahim Kaddunabbi Lubega, over a string of blatant financial and administrative irregularities.A special forensic investigation by the Audito

Ultimate Uganda

Court directs on Shs220m fraud case involving Shumuk boss Shukla

Court directs on Shs220m fraud case involving Shumuk boss Shukla

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

Ultimate Uganda

BoU limits daily cash withdrawals for individuals to Shs50m

BoU limits daily cash withdrawals for individuals to Shs50m

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

Ultimate Uganda

Equity’s Best Year Ever: Profit Jumps 55%, Uganda Emerges Growth Star

Equity’s Best Year Ever: Profit Jumps 55%, Uganda Emerges Growth Star

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

Ultimate Uganda

UCC Report: Mobile Money active users hit 36.7 million as Ugandans transact Shs2.37 billion in three months

UCC Report: Mobile Money active users hit 36.7 million as Ugandans transact Shs2.37 billion in three months

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

Ultimate Uganda