Twinemanzi Tumubweine, Bank of Uganda Executive Director of National Payment Systems.Overview:The new measures, which take effect on January 1, 2027, are expected to reshape how businesses and consumers move money through the banking system.KAMPALA — The Bank of Uganda (BoU
More Ugandans are using mobile money, but telecom companies earned less in the first three months of 2026.New figures from the Uganda Communications Commission, using data from Bank of Uganda, show active mobile money users climbed to 36.7 million between January and March.That’s
The Office of the Prime Minister (OPM) has commenced the disbursement of Shs2.8 billion under the long-awaited Shs80 billion national cattle restocking programme. However, the intervention has faced immediate scrutiny, with critics and local leaders describing it as a "drop in the ocean" g
Lotteries and gaming operators in Uganda withheld at least Shs 2.6 billion in winning claims from 125 players in the current financial year.According to the National Lotteries and Gaming Regulatory Board (NLGRB), the complainants petitioned the regulator after their purported winnings were
Economists, researchers and small business operators are urging government to reduce the 0.5 percent excise duty on mobile money withdrawals, warning that high transaction costs are undermining financial inclusion and hurting small businesses.Mobile money has become one of Uganda’s most
Political activist Harold Kaija has shared details of a recent visit to veteran opposition leader Dr Kizza Besigye at Upper Prison in Luzira, describing a man he says remains mentally resilient despite prolonged detention and deteriorating physical condition.In a statement reflecting on th
Traders at Kanoni Daily Market in Gomba District have appealed to government to construct a modern market, citing congestion, poor sanitation, lack of storage facilities and rising losses due to inadequate infrastructure on privately owned land.Traders operating in Kanoni Daily Market in G
family in Kole District is appealing for financial support to save the life of a nine-year-old boy who survived a deadly arson attack that killed his younger brother after unknown assailants torched a grass-thatched hut where the children were sleeping.The tragic incident happened on April
Uganda’s entertainment landscape is rapidly shifting, with new data from the Uganda Communications Commission (UCC) showing a sharp decline in Pay TV subscriptions as more Ugandans turn to smartphones, streaming platforms, and social media for entertainment.According to the latest UCC fi
Police in Wandegeya carried out a successful intelligence-led operation on the night of May 17, 2026, targeting motorcycle-riding phone snatchers who have recently been terrorizing residents around Mawanda Road in Kawempe Division, Kampala District. The operation, which took place at about 11:00p
