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Kanungu Residents Warned Against Defaulting on PDM Loans

Kanungu Residents Warned Against Defaulting on PDM Loans

Residents of Kanungu District have been warned against defaulting on Parish Development Model (PDM) funds under the mistaken belief that the money is a government grant.The warning was issued by Dan Twinamatsiko, the Commercial Officer for Kanungu Town Council, while presiding over the ele

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Digital number plate delays leave vehicles stranded across Uganda

Digital number plate delays leave vehicles stranded across Uganda

Delays in Uganda's digital number plate system are leaving thousands of vehicles idle, costing businesses millions and disrupting transport operations across the country.Many vehicles remain grounded due to delays in issuing ITMS digital number plates.Shortages of tracking component

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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

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Stanbic Uganda boss Karuhanga exits on Shs591bn profit high

Stanbic Uganda boss Karuhanga exits on Shs591bn profit high

Strong capital ratios and a Shs591 billion profit anchor Stanbic Uganda as Chief Executive Francis Karuhanga transitions to Standard Bank Group regional leadership.KAMPALA, Uganda — Outgoing Stanbic Uganda Holdings Limited Chief Executive Francis Karuhanga is handing over a robust balanc

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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

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WE’RE TIRED OF WAITING! Residents Storm Streets Over Road Promised by President Museveni 20 Years Ago

WE’RE TIRED OF WAITING! Residents Storm Streets Over Road Promised by President Museveni 20 Years Ago

KANUNGU — Residents of Buhoma Town Council in Kanungu District erupted in rare public fury on Friday, 6th June, pouring onto the streets to demand action on the long‑awaited Hamurwa–Kerere–Kanungu (47 km) and Kanyantorogo–Butogota–Ruhija (32 km) road projects.The demonstrations

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Ugandan banks blacklist over 100 MPs over contested election victories

Ugandan banks blacklist over 100 MPs over contested election victories

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

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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

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Equity’s Best Year Ever: Profit Jumps 55%, Uganda Emerges Growth Star

Equity’s Best Year Ever: Profit Jumps 55%, Uganda Emerges Growth Star

Equity Group Holdings has posted the strongest financial performance in its history, reporting a record KSh75.5 billion (approximately UGX 2.15 trillion) profit after tax for the year ended December 2025, as regional subsidiaries, digital banking, and insurance operations powered a major growth s

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