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Housing Finance Bank’s Michael Opira crosses to Centenary Bank as Executive Director, Operations

Housing Finance Bank’s Michael Opira crosses to Centenary Bank as Executive Director, Operations

Michael Opira, Executive Director, Operations at Centenary Bank, brings over 27 years of banking experience as he returns to the institution where his career began.Centenary Bank has appointed seasoned banking executive Michael Opira as its new Executive Director, Operations, marking a sig

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Withholding Tax Exemption Returns to Six Months: What It Means for Businesses

Withholding Tax Exemption Returns to Six Months: What It Means for Businesses

withholding tax exemption allows qualifying businesses to receive income without deductions at source, improve cash flow management, and reduce administrative burden related to tax credits and reconciliations.The Uganda Revenue Authority (URA) has officially announced the opening of applic

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Parliament passes VAT Amendment Bill as committee pushes tax relief for SMEs and investors

Parliament passes VAT Amendment Bill as committee pushes tax relief for SMEs and investors

Parliament has passed the Value Added Tax Amendment Bill, 2026, adopting a series of reforms aimed at easing compliance for small businesses, improving tax administration, and attracting investment, following a report presented by Mbale Industrial Division MP Karim Masaba.The House approve

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Namayingo gold rush turns deadly as unsafe pits kill four monthly

Namayingo gold rush turns deadly as unsafe pits kill four monthly

At least four people die monthly in gold mining accidents in Namayingo District, Eastern Uganda as an unregulated rush for the precious minerals draws unemployed youth into unsafe pits.District officials attribute the deaths to crude mining methods, weak enforcement, and sudden shifting â€

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Uganda Airlines Restores Long-Haul Capacity as Airbus A330-800neo Returns to Service

Uganda Airlines Restores Long-Haul Capacity as Airbus A330-800neo Returns to Service

Uganda Airlines has resumed long-haul operations following the return of a grounded Airbus aircraft that had been out of service since February due to engine-related faults, easing weeks of disruption that strained its international schedule.Uganda Airlines has announced the return to serv

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Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Uganda Clays may have bought time, but not certainty. Beneath the return to profit lies a balance sheet still under strain, propped up by deferred obligations and a partially unsecured NSSF loan. Its recovery, while visible, remains fragile. The real test will come when repayments begin, when imp

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CMI Joins State House in Probe of Shs 13Bn Gold Scam

CMI Joins State House in Probe of Shs 13Bn Gold Scam

The Chieftaincy of Military Intelligence (CMI) has joined the State House Anti-Corruption Unit in investigating a high-profile gold scam in which investors lost approximately Shs 13 billion.The case centers around a businessman identified as Ali Muhammad, a Ugandan of Somali origin, who is

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Man Utd make stunning play to beat Man City to £100m signing with ‘bidding war’ coming

Man Utd make stunning play to beat Man City to £100m signing with ‘bidding war’ coming

Manchester United are pushing to sign Elliot AndersonManchester United have intensified their pursuit of Nottingham Forest midfielder Elliot Anderson in recent weeks, with club officials working hard to persuade the England international that Old Trafford represents the ideal next step in

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Mityana Intensifies Crackdown on Illegal Street Vending

Mityana Intensifies Crackdown on Illegal Street Vending

Authorities in Mityana Municipality have intensified enforcement of the trade order policy as part of ongoing efforts to restore order and improve business operations in the town’s central areas.Municipal Mayor Faustin Mukambwe Lukonge has issued a stern warning to street vendors who con

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A forex trader went to withdraw money from Ecobank. The manager locked him in the toilet, alerted police

A forex trader went to withdraw money from Ecobank. The manager locked him in the toilet, alerted police

The Eco Bank branch at Oasis Mall where Gabriel Achuk was locked in the toiletGabriel Achuk, a South Sudanese businessman who claimed he was locked inside the toilet of Ecobank at the Oasis Mall branch, where he had gone to withdraw money, has lost the case against the bank because his aff

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