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
The World Bank has hailed Uganda’s high economic growth rates but noted that this is not corresponding with the improvement in people’s livelihoods.Ndiame Diop, the Bank’s Vice-President for Africa lauded Uganda for the macroeconomic stability but urged the country to transl
What began as a claim over a USD 400,000 shareholder loan has evolved into a complex legal battle that cuts across project finance, shareholder rights, and cross-border dispute resolution.At its core, the case now pits Charles Odere, the subordinated lender seeking repayment, against a con
Uganda’s Chief of Defence Forces, Muhoozi Kainerugaba, has sparked controversy after posting a series of statements on social media demanding USD 1 billion from Turkey and making a personal remark about wanting “the most beautiful girl in Turkey” as his wife. The comments, shared on April 1
Court heard that between July 2022 and April 2023, the accused fraudulently obtained USD 286,910 (approximately Shs1.1 billion) from Qatar-based investors under the guise of securing a government contract.Businessman Gilbert Tumwebaze Bafanabyo walks handcuffed from Anti-Corruption Court i
TORORO— Diamond Trust Bank (DTB), a leading financial institution in Uganda, has officially opened its new Tororo Branch, reinforcing its commitment to delivering accessible, efficient, and people-centered banking services across Eastern Uganda.The new branch forms part of DTB’s broade
Detained ASP-Rogers Musana on official uniformTerritorial police in Kampala are holding their own officer for allegedly conniving with a UPDF officer to rob city businessman, Robert Seguya cash worth 100,000 USD (Shs.370M).The crafty police chief, identified as Assistant Superintend
Iran Shows 40-Foot Crater, Claims U.S’ Rescue Op for F-15E Pilot FAILED | Trump LIED About Rescue?Shockwaves ripple across global defense circles as explosive satellite images reveal multiple craters near Iran’s Esfahan province—right where a secretive U.S. military operation alleged
Pakistan agrees to repay $3.5 billion to UAE after Abu Dhabi demands immediate return of debtNew Delhi/Islamabad, April 4 Facing mounting pressure, Pakistan has agreed to fully repay approximately “USD 3.5 billion” in deposits and loans to the United Arab Emirates (UAE) by the end of A
World Bank officials led by Qimiao Fan World Bank Division Director for Kenya, Rwanda, Somalia, and Uganda met President Museveni and Ministry of Finance officials at Nakasero State Lodge TuesdayKampala, Uganda | URN | Uganda has secured over 2.1 trillion Shillings (USD 540 million ) fundi
