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Pearl Bank Backs UGX 14.8 Billion Drive for Uganda’s First Bone Marrow Transplant Centre

Pearl Bank Backs UGX 14.8 Billion Drive for Uganda’s First Bone Marrow Transplant Centre

Jane Atuhairwe (C), Branch Business Manager at Pearl Bank, Jinja Branch, Dr. Cissy Kityo (2nd L), Executive Director, JCRC, together with teams from Pearl Bank and Joint Clinic Research Centre in Jinja today, in commemoration of World Sickle Cell Day, which also doubled as the regional Bone Marro

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda

New mobile money scam you need to know before your next cash withdrawal

New mobile money scam you need to know before your next cash withdrawal

new mobile money scam is targeting cash withdrawal customers by exploiting phone numbers and transaction prompts. Learn how the fraud works and how to protect yourself.Fraudsters are using a new two-person trick to steal mobile money during withdrawals.Victims unknowingly approve tr

Ultimate Uganda

Nationwide crucial reminder to anyone who has a credit card

Nationwide crucial reminder to anyone who has a credit card

Nationwide, which has more than 16 million customers, has urged caution for anyone considering applying for a credit card. The message also urges people who have a credit card to be careful, as some may not think about the risks.The building society advises "before you increase your credit

Ultimate Uganda

MOGO BUSTED! Court Slams Lender for ‘Exploitative’ 86% Interest Charges

MOGO BUSTED! Court Slams Lender for ‘Exploitative’ 86% Interest Charges

Kenyan court has delivered a stinging blow to Mogo Auto Limited, ruling that the lender charged a customer “exorbitant” and “exploitative” interest on a Ksh400,000 loan — a decision likely to resonate with many Ugandans who have repeatedly complained about the company’s lending practi

Ultimate Uganda

NWSC announces nine-hour Kampala water shutdown for Saturday maintenance

NWSC announces nine-hour Kampala water shutdown for Saturday maintenance

Kampala residents face a water outage as NWSC conducts essential maintenance at the Ggaba Water Treatment Plant and key reservoirs. Prepare for interruptions.KAMPALA, Uganda — A massive water outage is set to hit the capital city tomorrow, forcing businesses and residents across major ur

Ultimate Uganda

Mbale traders count millions in losses as late-night fire guts Bugema market

Mbale traders count millions in losses as late-night fire guts Bugema market

Tragedy struck Bugema in the Industrial City Division of Mbale City on Wednesday night after a fierce fire gutted dozens of kiosks and market stalls, leaving traders and residents counting heavy losses.Property and merchandise worth millions of shillings were reduced to ashes in the infern

Ultimate Uganda

Pearl Bank fired employee for losses it had already linked to bad weather. They have to pay him Shs 78m

Pearl Bank fired employee for losses it had already linked to bad weather. They have to pay him Shs 78m

Pearl Bank (formerly PostBank) has been ordered by the Industrial Court to pay Shs 78.9 million to a senior manager it unfairly and unlawfully dismissed nine years ago.Paul Ndhego joined PostBank in May 2009 as a branch manager before rising through several positions. By December 2012, he

Ultimate Uganda

Demolition of roadside businesses wipes out revenues, shatters dreams

Demolition of roadside businesses wipes out revenues, shatters dreams

The morning sun burns through the dusty roadside of Bulindo and Kitukutwe, falling on broken timber, bent iron sheets and torn tarpaulins scattered where small kiosks once stood.A place that was once filled with the smell of frying chapati, boiling tea, laughter from customers and women ca

Ultimate Uganda