BoU Allays Fears of Cash Withdrawal Caps at Banks
The recent announcement by the Bank of Uganda introducing new limitations to over-the-counter cash withdrawals and check payments have has raised questions over the motiv...
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Inside the Shocking Sh4.6 Billion Equity Bank Heist: Supreme Court Seals Fate of Rogue Manager as Fraud Plagues Banking Giant
The Supreme Court has upheld the conviction of David Musoke Sserwamba in a shocking sh4.6 billion heist, highlighting a history of insider fraud at Equity Bank.KAMPALA, U...
Eleven Remanded Over Alleged Shs11Bn Industrial Park Investment Fraud
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...
Kabale Coffee Farmers Receive Shs27 Million Input Boost Under Climate-Smart Agriculture Project
The World Bank-funded initiative aims to improve coffee production, strengthen climate resilience and increase household incomes among farmers in Kabale District.KABALE �...
Ibanda Municipality Prioritizes Ssaza Market Redevelopment Under USMID Program
Authorities in Ibanda Municipality have prioritized the redevelopment of Ssaza Daily Market as the first project to be implemented under the Uganda Support to Municipal I...
UGX 533m Refund ‘Disappears’ in URA–Canaan Sites Shs 2.4bn Tax Settlement Drama
tax dispute that began more than a decade ago over Value Added Tax (VAT) on land transactions has cost the Ugandan government at least UGX 2.48 billion in refunds, intere...
Court orders exhumation of Kikuubo trader’s body in 40b shilling estate row
The Mukono High Court orders the exhumation of a prominent Kampala trader’s body for a DNA test to resolve a bitter 40 billion shilling property dispute.MUKONO, Ug...
New Pension Scheme: Law expands retirement grounds, allows men to exit on marriage terms
KAMPALA, Uganda — Male public servants can now legally retire on marriage grounds with full benefits under Uganda’s newly enacted Public Service Pension Fun...
Court Declines to Declare Kampala Businessman Bankrupt, Gives Bank Greenlight to Sell His Property
High Court’s Commercial Division has dismissed a bid by businessman and former property developer, Sendyona Mukasa Edward to be declared bankrupt, paving the way f...
DTB Ntinda Manager’s Fraud Claim Sparks Mob Attack That Kills Customer
young man has died following a violent mob attack outside Diamond Trust Bank (DTB) in Ntinda, Kampala, in an incident that has raised fresh concerns about mob justice and...