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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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...
New mobile money scam you need to know before your next cash withdrawal
new mobile money scam is targeting cash withdrawal customers by exploiting phone numbers and transaction prompts. Learn how the fraud works and how to protect yourself.Fr...
Nationwide crucial reminder to anyone who has a credit card
Nationwide, which has more than 16 million customers, has urged caution for anyone considering applying for a credit card. The message also urges people who have a credit...
MOGO BUSTED! Court Slams Lender for ‘Exploitative’ 86% Interest Charges
Kenyan court has delivered a stinging blow to Mogo Auto Limited, ruling that the lender charged a customer “exorbitant” and “exploitative” interest on a Ksh400,00...
NWSC announces nine-hour Kampala water shutdown for Saturday maintenance
Kampala residents face a water outage as NWSC conducts essential maintenance at the Ggaba Water Treatment Plant and key reservoirs. Prepare for interruptions.KAMPALA, Uga...
Mbale traders count millions in losses as late-night fire guts Bugema market
Tragedy struck Bugema in the Industrial City Division of Mbale City on Wednesday night after a fierce fire gutted dozens of kiosks and market stalls, leaving traders and...
Pearl Bank fired employee for losses it had already linked to bad weather. They have to pay him Shs 78m
Pearl Bank (formerly PostBank) has been ordered by the Industrial Court to pay Shs 78.9 million to a senior manager it unfairly and unlawfully dismissed nine years ago.Pa...
Demolition of roadside businesses wipes out revenues, shatters dreams
The morning sun burns through the dusty roadside of Bulindo and Kitukutwe, falling on broken timber, bent iron sheets and torn tarpaulins scattered where small kiosks onc...
BoU limits daily cash withdrawals for individuals to Shs50m
Twinemanzi Tumubweine, Bank of Uganda Executive Director of National Payment Systems.Overview:The new measures, which take effect on January 1, 2027, are expected to resh...