Court Orders Sale of Emerald Hotel over ABSA Loan
Kampala, Uganda – The Court of Appeal has directed the appointed receiver to audit and sell Emerald Hotel in Kampala within six months under court supervision.This deci...
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Absa expands card portfolio with launch of exclusive Visa infinite, signature, business cards
Absa Bank Uganda, in partnership with Visa, has launched three new premium card solutions—Infinite, Signature, and Business Credit Cards—designed to cater to the uniq...
Man Sentenced to Two Years for Withdrawing She848million Mistakenly Deposited in His Account
In a landmark ruling at the Nakasero-based Anti-Corruption Court, Justice Lawrence Gidudu sentenced Ronald Jimmy Ajuk, proprietor of Smart Parking Technology, to two year...
Absa in push to ease access to electric motorcycles
Financial technology company, Mogo, has said it has obtained a loan facility from Absa to ease access to electric motorbikes. The company, which indicated that it had pre...
Uganda inks Shs500b deal to construct major 97km road
Government and Citibank Uganda have signed a multibillion ten-year financing agreement for construction of the 97km Lusalira-Nkonge-Lumegere-Ssembabule Road, which is sch...
Who holds the largest share of govt's domestic debt
Commercial banks hold the largest share of government’s domestic debt, according to the Debt Statistical Bulletin and Public Debt Portfolio Analysis by the Ministry of...
Uganda Shilling Gains While Stanbic Rises, MTN Slips
The Ugandan shilling and stock market experienced slight improvements on Wednesday, with modest gains recorded in both sectors. The shilling closed the day stronger at 36...
Why banks are joining unit trusts party
Banks are steadily taking positions, establishing in-house collective investment schemes that have, for long, been traditionally a reserve of fund managers, the majority...
Uganda's first children-centred insurance product launched
Dan Musiime, CEO of Jubilee Health InsuranceA new health insurance product geared at enhancing healthcare accessibility for the younger demographic has hit the market.Uga...
Uganda: Mass Arrests in Uganda, as Hundreds Gather Worldwide Urging China to Halt
Police in Kampala have apprehended 30 individuals for engaging in unlawful demonstrations against the construction of the East African Crude Oil Pipeline (EACOP).Hundreds...