BoU Allays Fears of Cash Withdrawal Caps at Banks
The recent announcement by the Bank of Uganda introducing new limitations to over-the-counter cash withdrawals and check payments have has raised questions over the motiv...
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“liquidity”
Stanbic Uganda boss Karuhanga exits on Shs591bn profit high
Strong capital ratios and a Shs591 billion profit anchor Stanbic Uganda as Chief Executive Francis Karuhanga transitions to Standard Bank Group regional leadership.KAMPAL...
From Prado to Boda Boda: The Untold Story of Government Suppliers
For many businesses in Uganda, securing a government contract feels like hitting the jackpot. The moment word spreads that someone has landed a deal, everything changes...
Over 20 Mobile Money Agents Left in Debt Crisis After Alleged UGX 200 Million Fraud Linked to Flow Uganda Employee in Kampala and Wakiso
KAMPALA, Uganda — More than 20 mobile money agents in Kampala and surrounding areas have been left in financial distress after allegedly falling victim to a suspected l...
US cancels Iran peace talks, protests erupt in Tel Aviv
Protests broke out in Tel Aviv after the US canceled peace talks with Iran in Islamabad, and the Polymarket contract for Iran’s regime fall by April 30 dropped to 0.4%...
Withholding Tax Exemption Returns to Six Months: What It Means for Businesses
withholding tax exemption allows qualifying businesses to receive income without deductions at source, improve cash flow management, and reduce administrative burden rela...
Bank of Uganda launches three-year pilot to buy domestic gold for reserves
The Bank of Uganda has started buying gold mined in the country and will add it to the official foreign exchange reserves, shifting part of the national safety net from d...
Don’t Send on This Number”: Ugandans Bypass Mobile Money to Escape Aggressive Loan Deductions
KAMPALA — A growing number of Ugandans are increasingly finding ways to bypass mobile money loan repayments, highlighting rising tensions between digital lenders and bo...
Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise
Government has quietly converted a Shs7.78 trillion temporary advance from the Bank of Uganda into long term public debt, a move that will see taxpayers commit to years o...
Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:
Uganda Clays may have bought time, but not certainty. Beneath the return to profit lies a balance sheet still under strain, propped up by deferred obligations and a parti...