KAMPALA, Uganda — More than 20 mobile money agents in Kampala and surrounding areas have been left in financial distress after allegedly falling victim to a suspected loan scam involving a man identified as Tumusiime Wyclif, an employee of Flow Uganda.The agents claim they collectively l
The police have cleared Equity Bank of any wrongdoing in a fraudulent gold transaction that resulted in a loss of over Shs3 billion for Canadian national Clifford Potter.Last week, it was reported that Police had called on Equity Bank and Stanbic Bank to clarify the circumstances surroundi
KAMPALA, Uganda — Police in Kampala Metropolitan area have arrested five suspects after successfully foiling a planned robbery targeting a man transporting money to a bank in Wandegeya.The suspects have been identified as Ivan Gizamba, Rogers Muyingo, Juma Ashford, Musa Masiga, and James
As of Friday afternoon, majority, MPs had stopped taking phone calls from former speaker Anita Among. The reason is that they got reports that, as her close allies and aides get summoned to answer fraud-related questions, she must already be under 24-hour surveillance.The MPs are scared af
KK Fresh Produce Exporters, one of the leading local exporters of fresh fruits and chilli to the international market, has been ordered to pay Shs 191.8 million to East African Packing Solutions, following a dispute over an unpaid debt.Justice Stephen Mubiru ruled that KK Fresh Produce had
Mobile money has become one of the biggest sources of borrowing in Uganda, with millions of people now relying on their phones for quick loans instead of traditional banks.In 2025 alone, Ugandans borrowed at least Shs2.75 trillion through mobile money platforms, highlighting how digital le
The former Minister of Foreign affairs, Hon. Sam Kuteesa Kahamba is in deep sorrow after High Court sitting in Masaka dismissed his application in which he sought to compel Alice Nambooze Osaga to deposit a collateral security for costs in an ongoing land dispute.While delivering her rulin
State Minister for Investment and Privatisation Evelyn Anite said Pearl Bank now has the opportunity to expand beyond Uganda and position itself as a serious regional competitor.Pearl Bank’s profits rose 34 percent to Shs47.3 billion in 2025.Minister Evelyn Anite urged the bank to
Fuel tanker driver and pregnant partner found murdered in Tamale apartment as police launch manhunt for suspect who allegedly stole over GH¢100,000 and left their 3-year-old child alive beside the bodies.A fuel tanker driver, identified as Ebenezer Kwabena, and his pregnant wife have been
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
