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Gov’t Refuses to Reduce Tax on Mobile Money

Gov’t Refuses to Reduce Tax on Mobile Money

Ugandans using mobile money platforms will continue to contend with the 0.5 percent tax to withdraw cash, a tax that has been blamed for the high cost and low uptake of digital money.The Ministry of Finance, Planning and Economic Development, declined to include the proposal of halving the

Ultimate Uganda

Centenary Bank, Office of the Supreme Mufti Partner to Scale up Financial Inclusion

Centenary Bank, Office of the Supreme Mufti Partner to Scale up Financial Inclusion

Centenary Bank, the leading microfinance bank in the country and the Office of the Supreme Mufti (OSM) partnered to roll out the OSM Digital Payments Platform, a transformative initiative aimed at facilitating seamless financial transactions within Muslim communities through secure, convenient, a

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MORE PAIN: Centenary Bank Freezes Agather Atuhaire’s Account after Her Organization AGORA’s Accounts Were Blocked – Activist Says

MORE PAIN: Centenary Bank Freezes Agather Atuhaire’s Account after Her Organization AGORA’s Accounts Were Blocked – Activist Says

Activist Agather Atuhaire says Centenary Bank has frozen her account after her organization AGORA’s accounts were blocked.AGORA Discourse is a digital public square promoting human rights, public accountability and social justice.The freezing of bank accounts belonging to non-gove

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Uganda Digital Number Plates: Full Guide to Registration, Fees, MVR Portal & URA Process

Uganda Digital Number Plates: Full Guide to Registration, Fees, MVR Portal & URA Process

The Ministry of Works and Transport Uganda, in collaboration with the Uganda Revenue Authority (URA), has outlined procedures for vehicle registration, and digital number plate issuance.The guidelines are intended to improve efficiency, reduce fraud, and to track vehicle status.Firs

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Govt Bars LDC Students Who Fail Three Papers from Supplementary Exams

Govt Bars LDC Students Who Fail Three Papers from Supplementary Exams

Government has reaffirmed that LDC students who fail three or more Bar Course subjects cannot sit supplementary examinations, insisting the law mandates a full course retake despite petitions from affected candidates seeking special consideration.The government has clarified that students

Ultimate Uganda

How Financial Discipline Helped Nankya Build a Multi-Million Hardware in a Few Years

How Financial Discipline Helped Nankya Build a Multi-Million Hardware in a Few Years

Hajjati Rehema Nankya, the brain behind Fortress Hardware in Maya. She started with a small shop with capital worth UGX1.5M.Fortress Hardware, located in Maya Trading Centre along the Kampala–Masaka Highway, isn’t an ordinary enterprise. There’s a unique and inspiring story behind it

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Shs 20bn Heist: Why Ggoobi Opposed Lifting Ex Accountant General Semakula’s Suspension

Shs 20bn Heist: Why Ggoobi Opposed Lifting Ex Accountant General Semakula’s Suspension

KAMPALA: Uganda’s finance ministry opposed reinstating suspended Accountant General Semakula Lawrence because the allegations against him relate directly to the government’s financial systems, raising risks to public funds and institutional integrity, court documents show.Semakula is c

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OPINION: 623 Cases, UGX 2 Trillion at Stake: Why Uganda Must Rethink How Banking Disputes Are Resolved:

OPINION: 623 Cases, UGX 2 Trillion at Stake: Why Uganda Must Rethink How Banking Disputes Are Resolved:

At the heart of Uganda’s Commercial Court sits a quiet crisis with far-reaching economic consequences: 623 unresolved banking cases locking up an estimated UGX 2 trillion in disputed value. For banks, this means capital tied down in provisioning and delayed recovery; for borrowers, businesses f

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UNBS to Inspect Sugarcane Weighbridges-Bahati

UNBS to Inspect Sugarcane Weighbridges-Bahati

The Uganda National Bureau of Standards (UNBS) is set to begin nationwide inspection and calibration of sugarcane weighbridges following the government’s decision to regulate rather than ban the devices.The exercise comes after weeks of protests by farmers and consultations between the g

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A forex trader went to withdraw money from Ecobank. The manager locked him in the toilet, alerted police

A forex trader went to withdraw money from Ecobank. The manager locked him in the toilet, alerted police

The Eco Bank branch at Oasis Mall where Gabriel Achuk was locked in the toiletGabriel Achuk, a South Sudanese businessman who claimed he was locked inside the toilet of Ecobank at the Oasis Mall branch, where he had gone to withdraw money, has lost the case against the bank because his aff

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