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
RAKAI — In a region long plagued by bitter land wrangles and fraud, the Resident District Commissioner (RDC) of Rakai, Sarah Kiyimba, has emerged as one of the most vocal government officials confronting land grabbers while positioning herself as a rising political figure within the ruling esta
Appearing before Public Accounts Committee of Parliament, Ramathan Ggoobi, Permanent Secretary, Ministry of Finance, and Secretary to the Treasury.Parliament has been told that at the current rate of funding allocated to settle government domestic arrears, it could take more than four deca
KAMPALA — A group of concerned alumni of Mbarara High School has petitioned the Ministry of Education and Sports seeking a government investigation into declining academic performance, governance failures and alleged irregular handling of school land at the historic institution.In a peti
A suspect being arrested (courtesy photo)Overview:According to the police, Olanya had conned Shs 250,000 from one agent at the time of his arrest. Authorities reportedly began monitoring his movements after noticing a recurring pattern in incidents reported by different operators wi
A Value for Money audit has detonated a political and administrative bombshell at the Ministry of Lands, Housing and Urban Development, exposing deep cracks in Uganda’s land administration system despite years of digitalisation and decentralisation reforms.At the centre of the storm is t
The Permanent Secretary in the Office of the President, Yunus Kakande.The Permanent Secretary in the Office of the President, Yunus Kakande, has admitted that unidentified security operatives took control of the electoral process in Ssembabule during the January general elections after bot
dfcu Bank has opened a new branch in Namanve Industrial Park, positioning itself at the heart of one of Uganda’s fastest-growing manufacturing hubs, as government renewed calls for commercial lenders to cut borrowing costs for industry.Speaking at the launch, David Bahati welcomed the ex
