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Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Uganda’s banking industry has mounted a formal and detailed opposition to the proposed Protection of Sovereignty Bill, 2026, warning that its provisions could disrupt financial intermediation, deter foreign investment, and undermine the country’s broader economic growth strategy.In a l

Ultimate Uganda

Women’s rights groups oppose proposed tax hikes on essential goods

Women’s rights groups oppose proposed tax hikes on essential goods

KAMPALA, Uganda — A coalition of women’s rights organizations led by the Forum for Women in Democracy is calling on the government to halt proposed tax increases on essential goods, warning the measures will disproportionately affect low-income citizens.During a press briefing in Ntind

Ultimate Uganda

CMI Joins State House in Probe of Shs 13Bn Gold Scam

CMI Joins State House in Probe of Shs 13Bn Gold Scam

The Chieftaincy of Military Intelligence (CMI) has joined the State House Anti-Corruption Unit in investigating a high-profile gold scam in which investors lost approximately Shs 13 billion.The case centers around a businessman identified as Ali Muhammad, a Ugandan of Somali origin, who is

Ultimate Uganda

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

Ultimate Uganda

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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