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BoU Allays Fears of Cash Withdrawal Caps at Banks

BoU Allays Fears of Cash Withdrawal Caps at Banks

The recent announcement by the Bank of Uganda introducing new limitations to over-the-counter cash withdrawals and check payments have has raised questions over the motives behind it. ‎The banks have been given the next six months to transition to the new policy adjustment.‎The new mea

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UGX 533m Refund ‘Disappears’ in URA–Canaan Sites Shs 2.4bn Tax Settlement Drama

UGX 533m Refund ‘Disappears’ in URA–Canaan Sites Shs 2.4bn Tax Settlement Drama

tax dispute that began more than a decade ago over Value Added Tax (VAT) on land transactions has cost the Ugandan government at least UGX 2.48 billion in refunds, interest and legal costs, but fresh documents now indicate that an additional UGX 533 million remains unresolved despite being previo

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Commercial Court targets 320 banking cases in two-week mediation drive

Commercial Court targets 320 banking cases in two-week mediation drive

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

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VIDEO: Sovereignty Bill Drama as MPs Nearly Punch Each Other During Special Joint Committee Meeting in Munyonyo Hotel

VIDEO: Sovereignty Bill Drama as MPs Nearly Punch Each Other During Special Joint Committee Meeting in Munyonyo Hotel

There was some Sovereignty Bill drama as MPs nearly punched each other during special joint committee meeting in a Munyonyo hotel, according to reports.A joint Committee comprising the Committee on Defence and Internal Affairs and the Committee on Legal and Parliamentary Affairs is handlin

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Centenary Bank makes hushed leadership changes

Centenary Bank makes hushed leadership changes

Centenary Bank has pulled off a quiet boardroom coup, lining up long-serving executive Godfrey Byekwaso to take over as Managing Director while Fabian Kasi, the face of the lender for over a decade, prepares to step up and steer the wider Centenary Group. The planned handover, still uncon

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DTB Uganda Earns Top Recognition  at URA Bankers' Conference

DTB Uganda Earns Top Recognition at URA Bankers' Conference

Diamond Trust Bank (DTB) Uganda has been recognized as a standout performer in the financial sector, earning the first runner-up award for best in client service at the 8th Bi-annual Uganda Revenue Authority (URA) Bankers appreciation conference ..The ceremony, hosted at the Mestil Hotel i

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Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

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

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UNMASKED! Reports Link Speaker Anita Among to Multi-Billion Five-Star Entebbe Road Home

UNMASKED! Reports Link Speaker Anita Among to Multi-Billion Five-Star Entebbe Road Home

A high-value residential property along the Entebbe–Kampala Bypass has drawn public attention following reports linking it to the Speaker of Parliament, Rt. Hon. Anita Anet Among. However, ownership of the property has not been independently verified.The residence, described as a five-st

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The Nina Interiors Story: Alice Karugaba’s Journey of Grit, Resilience and a Family Legacy Passed to the Next Generation

The Nina Interiors Story: Alice Karugaba’s Journey of Grit, Resilience and a Family Legacy Passed to the Next Generation

Mrs Alice Karugaba, the founder, Nina Interiors. She received the CEO of the Year Award in 2016.Nina Interiors founder, Alice Karugaba, did not set out to build a furniture empire. She was a mother trying to make ends meet, learning to bake, selling buns to colleagues, and slowly finding h

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Equity Bank Uganda Ordered to Pay Millions to Indian Company Over Mukwano’s Documents Shipping Deal

Equity Bank Uganda Ordered to Pay Millions to Indian Company Over Mukwano’s Documents Shipping Deal

The Commercial Division of the High Court has ordered Equity Bank Uganda to pay millions to Indian Company over Mukwano’s documents shipping deal.On or around September 13th, 2016, Mukwano Industrial Suppliers Limited based in Uganda ordered 72 metric tonnes of Liquid Glucose Concentrate

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