Business •
17 Jun '26
sensational fraud case involving billions of shillings, allegations of counterfeit currency and a prominent Ugandan businessman has exploded in court after consultancy firm Newplan boss Omulen Levy Lawrence was cited in a purported fake money racket during proceedings that saw eleven suspects rem
Business •
16 Jun '26
Eleven suspects accused of defrauding a businessman of more than $2.5 million(approximately shs11 billion) and laundering the proceeds have been remanded to Luzira Prison by the Buganda Road Chief Magistrate’s Court.The accused include Peter Lubwama, Henry Ochown alias Malong Tong, Pasc
Business •
16 Jun '26
married couple in Bugembe Ward, Jinja City, is counting losses after armed robbers stormed their home and robbed them of more than Shs20 million, multiple phones, electronics, and a vehicle during a late-night attack on June 13, 2026. Betty Kigayi and her husband, Fred Kakooza, who operate a mola
Business •
11 Jun '26
As construction of the East African Crude Oil Pipeline (EACOP) nears completion, the project company has initiated mass layoffs in Uganda and Tanzania, triggering anxiety among section of staff. The move has also stoked claims of discrimination amid claims of retention of majorly expatriat
Business •
09 Jun '26
Responding to initial media reports indicating that everything that can go wrong at a private not-for-profit health facility has happened to Catholic Church-owned St. Francis Nsambya Hospital, Ugandans have taken to social media to register their dismay while calling on President YK Museveni to i
Business •
06 Jun '26
Over 280 tea nursery bed operators in Kanungu District have denied allegations that they were defrauded by their lawyers and association leadership. The farmers clarify that a 30 percent deduction from their recent Shs14.9 billion government payout was a voluntary contribution, not an illegal ext
Business •
05 Jun '26
Uganda’s banking sector recorded strong growth in 2025, with total industry assets rising to Shs61.59 trillion from Shs53.12 trillion in 2024, according to an analysis of audited financial results by Business Focus.The results show that a handful of banks continue to dominate the industr
Business •
03 Jun '26
The Nakawa Chief Magistrate's Court has issued a stern warning to businessman Mukesh Shukla, the proprietor of Shumuk Aluminium Industries, directing that his long-running criminal trial be concluded without further delays.The directive was issued by Chief Magistrate Christine Nantege duri
Business •
03 Jun '26
City businessman Shukla Babubhai Mukesh alias Shumuk Mukesh has been remanded to Luzira Prison over land fraud dispute involving a prime property along Jinja Road, Eagle Online reliably reports. This case adds to a growing list of legal battles that have trailed him in recent years.
Business •
02 Jun '26
The government expects to save about Shs24 billion annually after suspending funding for national public holiday celebrations beginning Financial Year (FY)2026/2027, the Ministry of Finance has said.The move is part of the government’s Rationalisation of Government Agencies and Public Ex