Uganda's mobile money sector is taking major steps to prevent loan defaults and restore trust in digital lending. For years, some borrowers who defaulted on digital loans exploited loopholes by switching networks or SIM cards, making it difficult for lenders to recover funds. Under the previous s
In a Tuesday session that has sparked outrage among fiscal watchdogs, a mere fraction of the 11th Parliament authorized the government to proceed with massive loan requests totalling nearly Shs9 trillion.By suspending key safeguards, the House bypassed the standard oversight procedures des
“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS
Police spokesman Assistant Commissioner of Police Kituuma Rusoke confirmed security agencies are on heightened alert, noting that the holiday period coincides with the lead-up to the 2026 general elections.KAMPALA, Uganda — The Uganda Police Force warned the public Monday to anticipate a
Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv
The Territorial Police in Aswa West Region prevented the National Unity Platform (NUP) presidential candidate, Hon. Kyagulanyi, from proceeding to a location outside his designated campaign area on Thursday, December 5, 2025. The move sparked tension as the candidate attempted to divert his rally
Russia’s relationship with crypto has swung between crackdowns and cautious acceptance, and its latest moves show that this balancing act is far from over.After first pushing in 2022 to block all crypto issuance, trading, and mining over concerns about financial stability and monetary so
The Uganda Traffic Police have arrested 473 motorists in a week-long crackdown targeting road safety offenders across the country.The operations, conducted last week, focused on violations ranging from dangerous mechanical conditions to illegal vehicle modifications and invalid driving lic
Club Guvnor, once Kampala’s undisputed symbol of elegance and disciplined nightlife, has continued to write new chapters in Uganda’s entertainment history. While many bars struggled to regain footing following the global shock of Covid-19, the shifting dynamics of Kampala’s nightlif
David Kalyango, the Executive Director of Supervision at the Bank of Uganda, explained the vision: ensuring that every Ugandan, no matter their type of work, can access credit to grow businesses, boost investments, and drive development.The Bank of Uganda has been locked in a heated debate
