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BoU limits daily cash withdrawals for individuals to Shs50m

BoU limits daily cash withdrawals for individuals to Shs50m

Twinemanzi Tumubweine, Bank of Uganda Executive Director of National Payment Systems.Overview:The new measures, which take effect on January 1, 2027, are expected to reshape how businesses and consumers move money through the banking system.KAMPALA — The Bank of Uganda (BoU

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Equity’s Best Year Ever: Profit Jumps 55%, Uganda Emerges Growth Star

Equity’s Best Year Ever: Profit Jumps 55%, Uganda Emerges Growth Star

Equity Group Holdings has posted the strongest financial performance in its history, reporting a record KSh75.5 billion (approximately UGX 2.15 trillion) profit after tax for the year ended December 2025, as regional subsidiaries, digital banking, and insurance operations powered a major growth s

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AfDB Agrees To Lend Uganda UGX2.4 Trillion For Malaba-Kampala SGR Construction

AfDB Agrees To Lend Uganda UGX2.4 Trillion For Malaba-Kampala SGR Construction

The Ministry of Finance has revealed that the African Development Bank has agreed to lend Uganda, US$650Million (UGX2.452Trn) out of the required Euro2.7Bn (UGX11.864Trn), to finance the 326km Standard Guage Railway project.This followed a commitment given by Dr. Abdul Kamara, Vice Preside

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Inside the Centenary Bank Robbery! Police Drag Seven Men to Court Over Shs 620 Million Theft, Remanded

Inside the Centenary Bank Robbery! Police Drag Seven Men to Court Over Shs 620 Million Theft, Remanded

Seven men are set to appear before Buganda Road Chief Magistrate’s Court today after police completed investigations into a high-profile robbery in which more than Shs 620 million was stolen from a businessman in Kampala.The suspects, identified as Mulindwa Sharif, Akid Khalid alias Bomb

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ESCAPE PLAN OR INVESTMENT MOVE? Reports Claim 8 Ugandan MPs and Ministers Are Buying Homes in Kenya Amid Fears of Corruption Probes

ESCAPE PLAN OR INVESTMENT MOVE? Reports Claim 8 Ugandan MPs and Ministers Are Buying Homes in Kenya Amid Fears of Corruption Probes

KAMPALA — As the government intensifies efforts to combat corruption and illicit enrichment in public office, reports have emerged that several Ugandan politicians have acquired residential properties in neighboring Kenya.According to information obtained by The Ankole Times, eight senio

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Inside the lands ministry deployment racket: How lucrative zonal postings are allegedly auctioned under PS Dorcas Okalanyi

Inside the lands ministry deployment racket: How lucrative zonal postings are allegedly auctioned under PS Dorcas Okalanyi

KAMPALA, Uganda — Severe management crises, bribery allegations in staff deployments and systemic administrative loopholes have sparked widespread discontent among staff at the Ministry of Lands, Housing and Urban Development, internal sources reveal.The developments place Permanent Secr

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Uganda’s Pineapple Farmers Break into Global Markets

Uganda’s Pineapple Farmers Break into Global Markets

On 14 May 2026, Uganda marked a historic milestone by flagging-off the inaugural export of 104 metric tonnes of canned pineapple from Deshiburg Factory to ChinaWhen pineapples ripened all at once in Luwero, it often brought anxiety instead of celebration.For pineapple farmer Ms. Jan

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Joel Ssenyonyi Faces Criticism Over LoP Office Budget Amid Transparency Concerns

Joel Ssenyonyi Faces Criticism Over LoP Office Budget Amid Transparency Concerns

Joel SsenyonyiKampala, Uganda – Former Leader of Opposition (LoP) Joel Ssenyonyi is facing increased public scrutiny over the proposed non-wage budget for the Office of the Leader of Opposition, with critics arguing that his response to concerns has not fully addressed questions of trans

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Museveni Probes Pro-Anita Among Minister Who gave Ugx300m per village to secure re-election as MP in the 15th Jan 2026 polls

Museveni Probes Pro-Anita Among Minister Who gave Ugx300m per village to secure re-election as MP in the 15th Jan 2026 polls

minister from Teso is being investigated by state house after whistle blowers went through vice president Jessica Alupo and got their petition delivered to Museveni who got bewildered upon reading its contents.The youthful minister as of that time was still very close to Anita Among and ha

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DR. OPUL JOSEPH, PhD: Trillions Shillings Planted Before Skills leading to Kwashiorkor Harvests: Why PDM Must Stop Watering Rocks instead of Seeds

DR. OPUL JOSEPH, PhD: Trillions Shillings Planted Before Skills leading to Kwashiorkor Harvests: Why PDM Must Stop Watering Rocks instead of Seeds

Dear all political and technical line leaders directly /indirectly concerned with PDM ranging from H.E the President of Uganda, Ministers, Members of Parliament, Security agencies (Military & Defense, Law Enforcement & Internal Affairs, Intelligence Services),PDM Secretariat, district lea

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