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...
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BoU Approves Sale of Standard Chartered Uganda’s Retail and Wealth Banking Business to Absa
Sanjay Rughani (right) and David Wandera after the Bank of Uganda approved the sale of Standard Chartered Uganda’s Wealth and Retail Banking business to Absa Bank Ugand...
Police Arrest Two Over Manufacture and Distribution of Counterfeit Lubricants in Gulu City
Security officers in Gulu City have intercepted an alleged counterfeit lubricant operation following an intelligence-led raid that uncovered suspected fake motor vehicle...
Uganda’s Pineapple Farmers Break into Global Markets
On 14 May 2026, Uganda marked a historic milestone by flagging-off the inaugural export of 104 metric tonnes of canned pineapple from Deshiburg Factory to ChinaWhen pinea...
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...
UCC: Starlink Must Comply with Uganda’s Legal, Regulatory Framework
Since it was announced that Starlink had been granted a licence to operate in Uganda, there has been significant debate around what this means for Uganda’s communicatio...
Bank of Uganda to Hold Kabale Townhall on Economy, Financial Inclusion
The Bank of Uganda will hold a public townhall meeting in Kabale Municipality aimed at increasing awareness about the economy, financial services and opportunities for bu...
Kampala Faces Three-Week Power Disruptions in New UETCL Plans
Electricity consumers in Kampala and surrounding areas will experience scheduled daytime power outages from May 14 to June 2, 2026, as UETCL carries out maintenance on th...
Kampala Hair Shop Linked to Shs13M Fraud on Bank Account in Singapore
Kampala hair shop has been linked to the fraudulent use of a Singapore woman’s credit card, resulting in the theft of UGX 13 million through three unauthorised transact...
UEDCL’s Mass Purge Exposes a Dangerous Culture of Panic Management
Eng. Joselynne Rwakakooko was appointed the acting managing director of UEDCL, replacing Paul Mwesigwa, and her first move has been to sack the top management in a move s...