The police have cleared Equity Bank of any wrongdoing in a fraudulent gold transaction that resulted in a loss of over Shs3 billion for Canadian national Clifford Potter.Last week, it was reported that Police had called on Equity Bank and Stanbic Bank to clarify the circumstances surroundi
Kahinda Otafiire speaking to journalists after swearing in. He distanced himself from the controversial Protection of Sovereignty Bill, which was passed into law by the 11th ParliamentThe minister of Internal Affairs, Gen Kahinda Otafiire, has distanced himself from the recently passed Pro
The Supreme Court has ordered Samuel Mukasa, the founder of Biyinzika Enterprises, to refund his foreign business partners more than Shs 130 million after a failed poultry farming land deal.Mukasa and his wife Milly Mukasa established Biyinzika Enterprises Limited, now Biyinzika Poultry In
KAMPALA, Uganda — Police in Kampala Metropolitan area have arrested five suspects after successfully foiling a planned robbery targeting a man transporting money to a bank in Wandegeya.The suspects have been identified as Ivan Gizamba, Rogers Muyingo, Juma Ashford, Musa Masiga, and James
Former Speaker Anita Among’s blue-eyed boys and girls are finding themselves in the corridor of corruption and financial storm as several legislators, parliamentary officials and political mobilisers face investigations over their close links to the former powerful Speaker and alleged dealings
Uganda is preparing to issue its first sovereign sukuk as part of efforts to finance the construction of a standard gauge railway (SGR) linking Kampala to the Kenyan border town of Malaba, marking the country’s entry into Islamic capital markets, Ecofin Agency reports.The Ministry of Fin
Controversy has emerged over alleged large-scale cash withdrawals from the Parliamentary SACCO, following claims by lawyer Godwin Toko that Sh4.19 billion was accessed in a single day by individuals linked to the Speaker of Parliament.In a detailed statement, Toko alleged that on July 21 l
Kampala hair shop has been linked to the fraudulent use of a Singapore woman’s credit card, resulting in the theft of UGX 13 million through three unauthorised transactions.The victim, a Singapore citizen identified as Roxanne, says her credit card information was stolen and later used w
KAMPALA — The Tax Appeals Tribunal has upheld a Uganda Revenue Authority (URA) decision to treat Shs3.16 billion claimed by Java House Coffee Shop Uganda Limited as unsupported shareholder loans and reclassify the money as undeclared income, in a ruling that sharply criticised the company’s r
Mobile money has become one of the biggest sources of borrowing in Uganda, with millions of people now relying on their phones for quick loans instead of traditional banks.In 2025 alone, Ugandans borrowed at least Shs2.75 trillion through mobile money platforms, highlighting how digital le
