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...
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...
How Uganda’s First Oil Dream Evaded 5 Energy, 4 Finance Ministers
Former Minister Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda. Former Energy Minister, Irene Muloni (C) flanked by Ernest Rubondo (L...
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...
Experts Call for Reduction of Mobile Money Withdrawal Tax
Economists, researchers and small business operators are urging government to reduce the 0.5 percent excise duty on mobile money withdrawals, warning that high transactio...
Oboth Oboth, Tayebwa secure NRM backing after rivals step down
NRM aspirants for Speaker and Deputy Speaker withdrew from the races, leaving Oboth Oboth and Tayebwa as the party’s consensus candidates.All National Resistance M...
Kampala-Based Lawyer Alleges Anita Among’s Associates Withdrew Sh4.1 Billion from Parliamentary SACCO in One Day
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...
Molly Katanga depleted Shs40 billion account after husband’s death, says state
The murder trial of businesswoman Molly Katanga took a dramatic turn of events Monday after the State accused her of withdrawing more than Shs40 billion from a Euro accou...
Documents breakdown: Namyalo shares bank statements amidst fire from netizens
Hajat Hadijah Namyalo, the head of the Office of the National Chairman (ONC) of the National Resistance Movement (NRM), has shared her bank records in self-defence after...