Uganda Strengthens Mobile Money Lending Rules to Combat Loan Defaults
Uganda's mobile money sector is taking major steps to prevent loan defaults and restore trust in digital lending. For years, some borrowers who defaulted on digital loans...
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Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects
“UNOC will be able to generate revenues of up to USD 5.6 billion†(about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that...
Russian economic meltdown as 7,000 companies face bankruptcy.
Russia's economic crisis is intensifying with thousands of companies reportedly facing bankruptcy. Businesses have been hit by a double whammy of sanctions and high inter...
No electricity until 80% of residents start paying.
City Power says it won’t turn the lights back on for some Alexandra residents on 9th and 10th avenues until 80% of customers start paying for electricity.After an...
NUP Faults Parliament Over 'Rushed' UPDF Amendment Bill Process
The National Unity Platform (NUP) has criticised Parliament for what it calls a rushed and exclusionary process in handling the Uganda Peoples’ Defence Forces (UPD...
Political Parties Lag in 2026 Election Preparations as EC Raises Concern
With just eight months until Uganda’s 2026 general election cycle begins, political parties are under growing scrutiny for their slow preparations.While the ruling...
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...
Kenyan firm Moves to Seize KIU as Embattled businessman Basajjabalaba defaults on Shs. 57B loan
City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the Hi...
Asan Kasingye Warns Against Abuse of Power After Museveni Banned Police Bond
Former Assistant Inspector General of Police Asan Kasingye has raised concerns over the potential misuse of President Museveni's directive banning police bonds.In a detai...
How CoU, Archbishop of Canterbury fell out
The former Archbishop of Canterbury, Justin Welby, was loved and scorned in equal measure. While some admired him for taking a stand on allowing the clergy to bless same-...