Court orders KK Fresh Produce to pay Shs191.8m to supplier
KK Fresh Produce Exporters, one of the leading local exporters of fresh fruits and chilli to the international market, has been ordered to pay Shs 191.8 million to East A...
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Uganda investigates Almohen Trade Ltd over alleged election interference, gold smuggling
KAMPALA, Uganda — Security agencies have launched a massive investigation into a sophisticated gold-smuggling ring allegedly used to funnel untraceable international fu...
Malawi launches twice-yearly HIV jab
Malawi yesterday launched Lenacapavir, a twice-yearly injectable HIV prevention medicine amid reflections on whether the country can sustainably finance emerging technolo...
Rwenzori Attacks: 41 Confirmed Dead, Over 90 Captured.
In a harrowing wave of coordinated attacks that shook Uganda’s Rwenzori region, the Uganda People’s Defence Forces (UPDF) have confirmed the deaths of 41 assailants a...
Court of Appeal Clears Vantage Fund to Enforce $10m Loan Against Bitature’s Simba Companies
“The mere act of lending money without a physical address in Uganda does not create an obligation for the appellant as a foreign lender to register. The appellant has a...
Govt, Islamic Development Bank Invest Shs180bn to Boost Rural Livelihoods
The government, with support from international financiers, is pressing ahead with a $50.4 million (about Shs182 billion) initiative aimed at transforming rural economies...
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...
‘We’re aware the boda market is built on trust’
Imagine youâre running an asset financing business in Europe and think, âWhy not give East Africa a shot?â So you do the research, find the market, and dis...
Only 10 percent of govt projects are on schedule, NPA report says
Enforcement of publicly funded projects and related investment is underperforming, according to National Planning Authority (NPA). The NPA assessment report further discl...
Govt turns to domestic financiers to close gaps created by reduced external borrowing
The annual debt statistical bulletin and public debt portfolio analysis by the Ministry of Finance indicates that the stock of domestic debt rose from Shs34.5 trillion in...