KAMPALA — A growing number of Ugandans are increasingly finding ways to bypass mobile money loan repayments, highlighting rising tensions between digital lenders and borrowers struggling with daily financial pressures.Reports indicate that many users are diverting transactions to alterna
Kampala, Uganda | URN | Justice Geoffrey Kiryabwire of the Court of Appeal and Constitutional Court has urged internal auditors to play a more proactive role in reducing the growing backlog of court cases, warning that unresolved commercial disputes in y in the banking sector are tying up trillio
Africa's "busiest" airport is undergoing a massive multi-billion-pound overhaul that will further expand its capacity. Cairo International Airport (CAI) is a major international flight hub serving the Egyptian capital and its metropolitan area. It's the country's largest and busiest airport, and
All isn’t well at the Matuga-based DEI Pharma, a multi-billion pharmaceutical manufacturing enterprise based at Matugga along Kampala-Bombo Road.The company, which is meant to manufacture pharmaceutical products for both the local market and for export purposes, has about 100 employees.
President Yoweri Museveni has issued a stern warning against corruption in Parliament, vowing decisive action against both bribe takers and givers .Speaking at the closing ceremony of the National Resistance Movement (NRM) retreat at the presidential farm in Nakaseke District, Museveni sai
What began as a claim over a USD 400,000 shareholder loan has evolved into a complex legal battle that cuts across project finance, shareholder rights, and cross-border dispute resolution.At its core, the case now pits Charles Odere, the subordinated lender seeking repayment, against a con
At the heart of Uganda’s Commercial Court sits a quiet crisis with far-reaching economic consequences: 623 unresolved banking cases locking up an estimated UGX 2 trillion in disputed value. For banks, this means capital tied down in provisioning and delayed recovery; for borrowers, businesses f
Police in the Wamala Region have issued a stern warning to money lenders operating in the area, urging them to stop engaging in illegal practices or face prosecution.According to Lameck Kigozi, the Wamala Police spokesperson, authorities are increasingly concerned about how some lenders ha
The Commercial Division of the High Court has ordered Jie County MP, Lokii Peter Abrahams, to pay businessman and money lender Amit Jain nearly 5 billion Shillings for failure to repay a loan taken in 2012.Justice Steven Mubiru ruled that Lokii defaulted on a 265 million Shillings loan, wh
In a recent podcast of Bad Natives, I argued that there is a real risk of Uganda defaulting on her domestic bonds in two to three years. It makes little sense to judge a country’s debt sustainability using the debt-to-GDP ratio. GDP is not a resource of government which it can use to pay credit
