Uganda’s banking sector recorded strong growth in 2025, with total industry assets rising to Shs61.59 trillion from Shs53.12 trillion in 2024, according to an analysis of audited financial results by Business Focus.The results show that a handful of banks continue to dominate the industr
Sanjay Rughani (right) and David Wandera after the Bank of Uganda approved the sale of Standard Chartered Uganda’s Wealth and Retail Banking business to Absa Bank Uganda.KAMPALA — The Bank of Uganda has approved the sale of Standard Chartered Bank Uganda’s Wealth and Retail Banking (
vicious family war has exploded inside the wealthy family of former Minister of Health and Works Shaban Kirunda Nkutu, decades after the powerful minister was brutally killed by the regime of dictator Idi Amin in 1973.What started as a mourning period following the death of family matriarc
The Commercial Division of the High Court has launched an intensive two-week mediation exercise targeting more than 320 banking and credit-related disputes, in a move aimed at reducing case backlog and unlocking billions of shillings tied up in prolonged litigation.The initiative, conducte
man often meets his destiny on the road he took to avoid it,” the French poet Jean de La Fontaine famously said. The idea is that, despite one’s best efforts to avoid a certain path in life, they end up facing it anyway.That pretty much sums up Paul Mwesigwa’s one-year tenure as Mana
Five Supreme Court justices, led by Justice Percy Night Tuhaise, alongside Justices Christopher Madrama, Catherine Bamugemereire, Mike Chibita, and Monica Mugenyi, are reviewing a settlement agreement mediated by former Chief Justice Owiny-Dollo concerning the multibillion-shilling estate of Dr.
Uganda Electricity Distribution Company Limited has registered a strong operational and financial rebound in its first year of managing the country’s electricity distribution network, posting Shs1.71 trillion in revenue as it stabilised a system inherited from private operators.The perfo
An explosive internal police investigation has uncovered an alleged sinister scheme involving police officers, lawyers and shadowy security operatives who reportedly framed a Belgian oil and gas consultant with homosexuality accusations, extorted money from him and forced him to flee Uganda.
JAILED: Audrey Muhindo (R) and Stuart Kasingye (L)Two Kampala-based lawyers have been remanded to Luzira prisons over the alleged theft of Shs700 million said to have been fraudulently transferred from a Belgian national’s bank account.According to charge sheets referenced under C
One of the suspects charged over an attempted Shs 725 million fraud targeting Stanbic Bank has opened negotiations with the State to resolve the case through a plea bargain. The development was disclosed on Monday before the Buganda Road Chief Magistrate’s Court, where Chief State Attorney Joan
