Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the lender shifts its strategy to meet revised capital requirements while maintaining core credit and deposit services.KAMPALA
Mwenda says unless radical changes are implemented within the next three months, the Uganda Civil Aviation Authority (UCAA) will be forced to ground the fleet or face global blacklisting by international regulators.Uganda Airlines is teetering on the brink of an international aviation ban
Fears for the life of outgoing Butambala County MP Muhammad Muwanga Kivumbi have intensified after he was charged with terrorism and remanded to Kitalya Prison, a move that has unsettled opposition leaders and sharpened political anxiety across the country.Kivumbi, who also serves as the N
Ugandans will be asked to pay more than UGX 2.368 trillion in taxes over the next five years to cover the salaries of officers and staff of the Uganda Police Force (UPF). This revelation came from Aggrey Wunyi, the Undersecretary of the Uganda Police Force, when he appeared before Parliament’s
An offer made 16 years ago to sell 500 Bitcoin (CRYPTO: BTC) for just $1 is trending online.The world’s largest cryptocurrency exchange, Binance, celebrated Bitcoin’s valuation surge by sharing a 2010 Bitcointalk post on X. In the post, a user offered a digital image for 500 BTC, which
Bitcoin is trading around USD 89,100 on January 25, 2026, following a recent decline from its USD 95,000 peak on January 15. Despite short-term dips, experts remain optimistic about potential gains in 2026. Over the past month, Bitcoin has recorded 1.51 per cent growth, reflecting steady market r
President Yoweri Kaguta Museveni has commended the growing collaboration within Uganda’s Judiciary, saying it has played a key role in ensuring stability and improving service delivery in the country. The President made the remarks on Saturday while presiding over the swearing-in ceremony of Dr
The local government elections have concluded amid a mix of tension, allegations of malpractice, and low voter turnout in several districts.Across the country, polling stations experienced disputes ranging from voter bribery and denied voting rights to claims of ballot stuffing, prompting
The National Resistance Movement (NRM) has recorded a strong performance in the Lango sub-region, emerging as the dominant political force following the recent parliamentary elections. Results from across the region show that NRM candidates, together with a few from UPC and independents, claimed
Former Makindye West Member of Parliament Allan Sewanyana has been advised to consider venturing into YouTube content creation following his overwhelming loss in the recently concluded general elections.Makindye West Rejects Sewanyana; Supporters Say He’s Better as a YouTuberForme
