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BoU Governor Breaks Silence on UGX 51 Billion That Were Illegally Transferred to UK & Japan

Evicted Elderly Woman Granted Bail as Campaigns to Rebuild Her Life Gain Momentum

Bank of Uganda was Instructed to Pay Shs 60 Billion to Fraudsters, Recovers US$ 8 Million

Why MTN is at loggerheads with URA in Shs 1.5 trillion tax stalemate

For the past five months or so, Uganda Revenue Authority (URA) has been at loggerheads with Uganda’s biggest telecommunications company, MTN.This follows an audit carri...

Uganda Investment Authority and British High Commission Mired In Namanve Project Scandal

The Uganda Investment Authority (UIA), under the leadership of Robert Mukiza, in collaboration with Louis Arinaitwe, the Country Director for Trade at the British High Co...

Shocking Truth: Posta Uganda Operating Illegally

(Kampala) – Posta Uganda, the country’s postal service provider, has been operating without a valid license, according to revelations from a parliamentary Ad Ho...

Uganda’s Kinshasa Property Faces Seizure Over Rent Dispute

(Kampala) – Uganda owes $433,582 (UGX 1.679 billion) in ground rent arrears to Kinshasa authorities for a commercial property in the Democratic Republic of Congo (DR...

Excessive govt local borrowing starves private sector of credit 

A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no...

To cap or not to cap interest rates

The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, th...

Tycoon Rajni Tailor faces jail over Shs148m rent arrears

Rajini Tailor, a renowned businessman and former Buganda Kingdom minister, has been embroiled in a debt dispute with the Muljibhai Madhvani Foundation, resulting in his r...