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MPs Reject NWSC’s Plan to Borrow UGX600bn from Local Banks!

MPs Reject NWSC’s Plan to Borrow UGX600bn from Local Banks!

Remigio Achia, Vice Chairperson Budget Committee asked Ariko to ensure that the matter of unremitted water bills is handled by the Ministry of Finance remarking, “This matter should be captured and reported to the Ministry of Finance.The revelation was made by Herbert Ariko, Chairperson,

Ultimate Uganda

Court confirms Entebbe Mayor Fabrice’s involvement in Money Laundering with M23 Rebels

Court confirms Entebbe Mayor Fabrice’s involvement in Money Laundering with M23 Rebels

The High Court of Uganda has dismissed a civil suit filed by the NRM Mayor of Entebbe Municipality Fabrice Brad Rulinda against Stanbic Bank Uganda, confirming that the businessman’s conduct amounted to money laundering and validating the bank’s decision to freeze his account and reverse a su

Ultimate Uganda

UTB BANK BOSS ON THE SPOT AS CLOSE TO UGX 70M VANISHES IN 5 MINUTES – Customer Demands Refund, Accuses Executive Director of Shielding Fraudsters

UTB BANK BOSS ON THE SPOT AS CLOSE TO UGX 70M VANISHES IN 5 MINUTES – Customer Demands Refund, Accuses Executive Director of Shielding Fraudsters

A shocking bank scandal has erupted after Ugx 69 million mysteriously disappeared from a customer’s account in just five minutes, leaving behind a trail of fear, anger and serious questions about the safety of money in Uganda’s banking system.The man at the center of the storm is Chine

Ultimate Uganda

Stakeholders raise pertinent questions about bodaboda ban from Kampala city center

Stakeholders raise pertinent questions about bodaboda ban from Kampala city center

Safeboda for instance, questioned how riders from areas such as Najjera or Kira would complete trips to destinations within the central business district if bodabodas are prohibited from accessing key areas.Stakeholders in Kampala’s transport sector have raised questions about the implem

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dfcu Opens Namanve Branch as Bahati Urges Review of Lending Rates

dfcu Opens Namanve Branch as Bahati Urges Review of Lending Rates

dfcu Bank has opened a new branch in Namanve Industrial Park, positioning itself at the heart of one of Uganda’s fastest-growing manufacturing hubs, as government renewed calls for commercial lenders to cut borrowing costs for industry.Speaking at the launch, David Bahati welcomed the ex

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Andrew Mwenda’s Candid Admission: “When Sudhir Owned a Bank, I Also Owned the Bank”

Andrew Mwenda’s Candid Admission: “When Sudhir Owned a Bank, I Also Owned the Bank”

Sudhir and Mwenda share a light moment at the billionaire's home in Kololo.Kampala, Uganda | — A resurfaced video clip of veteran journalist Andrew Mwenda has ignited fresh debate on social media after he openly acknowledged his close personal and financial ties to businessman Sudhir Ru

Ultimate Uganda

60 Traders Seek Govt Support After Kavule Inferno

60 Traders Seek Govt Support After Kavule Inferno

Nelson Kabanda, who is spearheading the registration of the affected traders, said they had been surviving on their own, but that is now impossible since the fire did not spare any businesses. Kabanda explained that furniture traders even lost the equipment used for processing timber.More

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Uganda: Museveni Enacts Major Housing and Construction Reforms

Uganda: Museveni Enacts Major Housing and Construction Reforms

President Museveni has signed into law three key pieces of legislation aimed at strengthening regulatory oversight in Uganda's construction, housing finance, and valuation sectors.The reforms are expected to enhance safety standards, expand mortgage financing, and boost investor confidence

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Police break silence on rising crime fears in Kampala, Wakiso

Police break silence on rising crime fears in Kampala, Wakiso

Police spokesperson Kituuma Rusoke said the force is aware of growing public concern over rising crime in Kampala and Wakiso and urged residents to use police hotlines as security operations intensify.Police have said they are aware of concerns raised on social media about the rising crime

Ultimate Uganda

At least 21  killed as passenger ferry sinks after capsizing on Nile as rescuers frantically hunt for survivors

At least 21 killed as passenger ferry sinks after capsizing on Nile as rescuers frantically hunt for survivors

AT least 21 people have tragically drowned after a boat capsized in the Nile as rescuers frantically work to find the remaining passengers.The passenger ferry was carrying 30 people when it overturned in the Tayba-Al-Khawad area of Sudan on Wednesday.The ship on Nile River, Khartoum

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