The police have cleared Equity Bank of any wrongdoing in a fraudulent gold transaction that resulted in a loss of over Shs3 billion for Canadian national Clifford Potter.Last week, it was reported that Police had called on Equity Bank and Stanbic Bank to clarify the circumstances surroundi
Kahinda Otafiire speaking to journalists after swearing in. He distanced himself from the controversial Protection of Sovereignty Bill, which was passed into law by the 11th ParliamentThe minister of Internal Affairs, Gen Kahinda Otafiire, has distanced himself from the recently passed Pro
Former Speaker Anita Among’s blue-eyed boys and girls are finding themselves in the corridor of corruption and financial storm as several legislators, parliamentary officials and political mobilisers face investigations over their close links to the former powerful Speaker and alleged dealings
Controversy has emerged over alleged large-scale cash withdrawals from the Parliamentary SACCO, following claims by lawyer Godwin Toko that Sh4.19 billion was accessed in a single day by individuals linked to the Speaker of Parliament.In a detailed statement, Toko alleged that on July 21 l
Kampala hair shop has been linked to the fraudulent use of a Singapore woman’s credit card, resulting in the theft of UGX 13 million through three unauthorised transactions.The victim, a Singapore citizen identified as Roxanne, says her credit card information was stolen and later used w
KAMPALA — The Tax Appeals Tribunal has upheld a Uganda Revenue Authority (URA) decision to treat Shs3.16 billion claimed by Java House Coffee Shop Uganda Limited as unsupported shareholder loans and reclassify the money as undeclared income, in a ruling that sharply criticised the company’s r
Mobile money has become one of the biggest sources of borrowing in Uganda, with millions of people now relying on their phones for quick loans instead of traditional banks.In 2025 alone, Ugandans borrowed at least Shs2.75 trillion through mobile money platforms, highlighting how digital le
The Uganda Revenue Authority (URA) has announced urgent measures to support traders whose goods have been unfairly withheld by so-called “container leaders,” following a surge in public outcry and complaints of undelivered merchandise.In a public notice published Thursday, URA manageme
The High Court has dismissed an application filed by Henry Mwebe, who had sought to revive a Shs 24 million claim against a friend, Robert Kagoda.In a ruling delivered on April 29, 2026, Justice Susan Odongo said the matter had already been decided by the Nabweru Chief Magistrate’s Court
The economy faces potential instability following the revelation that the seven laptops stolen from the Bank of Uganda on Monday held sensitive information. In response, a collaborative security team has ramped up efforts to locate the missing devices. Additionally, 30 laptops colle
