The Chief of Defence Forces (CDF), Gen Muhoozi Kainerugaba, has fired Brig Abdul Rugumayo from his position as Deputy Chief of Defence Intelligence and Security (DIS), formerly known as the Chieftaincy of Military Intelligence (CMI), this website has learnt. Brig Rugumayo was appointed to
Peter Katongole worked for Airtel Uganda for 13 years, during which time he rose to the position of Revenue Assurance and Fraud Manager.In early 2020, Airtel began investigating suspected fraud in its mobile money commission system.In February 2020, Airtel’s Revenue Assurance Cent
MTN Uganda has secured a major reprieve in its tax dispute with the Uganda Revenue Authority (URA), after the Tax Appeals Tribunal ruled that the company may not be required to immediately pay part of a contested Shs169.9 billion tax bill linked to mobile money transactions.The dispute ste
Rising mobile money transaction and withdrawal charges are increasingly eating into the profits of small businesses in Uganda, with traders and MSMEs warning that the high cost of digital transactions could slow the country’s push toward a digital economy.Mobile money has revolutionized
The cross-border heist signifies a new frontier in the evolving nature of financial crime, where digital fraud is increasingly sophisticated, fast-moving and now, transnational. The arrests may mark a breakthrough in the Equity Bank Rwanda probe, but they also expose a deeper reality: in a digita
Kampala resident, Matsiko Brian, is locked in a frustrating battle with telecom companies after a mobile money transaction worth UGX 4.5 million allegedly disappeared from the system despite a court order directing its recovery.Matsiko Brian, a resident of Mengo, says he has spent weeks pu
Kampala, Uganda: The High Court in Kampala has dismissed a long-running land dispute filed by Dr Peter Musoke Gukiina against businessman Sudhir Ruparelia and Speke Hotel 1996 Limited, ruling that the complainant has no legal claim over the contested land in Wakiso District.In a judgment d
The High Court of Uganda has dismissed a civil suit filed by the NRM Mayor of Entebbe Municipality Fabrice Brad Rulinda against Stanbic Bank Uganda, confirming that the businessman’s conduct amounted to money laundering and validating the bank’s decision to freeze his account and reverse a su
Uganda’s mobile money tax policy is threatening to reverse years of digital financial inclusion by driving low-income users back to cash. With 43 million accounts processing 326.3 trillion shillings annually, experts warn that excise duties on withdrawals and service fees are making digital pay
A shocking bank scandal has erupted after Ugx 69 million mysteriously disappeared from a customer’s account in just five minutes, leaving behind a trail of fear, anger and serious questions about the safety of money in Uganda’s banking system.The man at the center of the storm is Chine
