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
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
Outgoing State Minister for National Guidance, Godfrey Kabbyanga Baluku, has dismissed speculation surrounding his departure from the Ministry of ICT and National Guidance, insisting that he has neither lost his job nor fallen out with his former boss, Dr. Chris Baryomunsi.Speaking during
Banks have reportedly blocked loans to over 100 MPs facing election petitions as financial institutions seek to avoid losses if courts overturn their victories.More than 100 Members of Parliament, including several ministers, have reportedly been denied access to loans by commercial banks
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 (
For many businesses in Uganda, securing a government contract feels like hitting the jackpot. The moment word spreads that someone has landed a deal, everything changes. Friends become more attentive, relatives resurface, banks suddenly extend courtesy, and suppliers are willing to offer goods on
Pep Guardiola took charge of Manchester City for the 593rd and final timeGuardiola, who will go down as one the finest managers of his generation, confirmed on Friday he will step down at City after collecting 20 trophies during a memorable decade in charge.BBC Sport - Pep Guardiola
The Government of Uganda officially invested up to Shs750bn into the Matugga-based DEI Pharmaceuticals manufacturer, which earned Ugandans a shareholding of 9% in the business. This PPP decision was controversial from the very inception as a significant number of MPs protested and questioned the
Available information indicates that several Kampala commercial buildings in the CBD area are increasingly being targeted by money lenders, speculators and property acquirers, for reasons which couldn’t readily be established.These include Indians-owned Raja Chambers located along Parlia
