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Customers of DFCU in panic as their Bank exits fraudulently acquired Sudhir properties

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The embattled DFCU Bank has conceded and has decided to vacate all the branches owned by Meera Investments Limited, which is part...

MUK student commits suicide after losing Tuition to Crypto Currency scammers

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Police in Kampala have revealed that the Makerere University student, who was found dead in his hostel room, committed suicide after losing...

Museveni tips Youths on how to get rich on his regime

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President Yoweri Museveni has implored the youth to acquire entrepreneurial skills for job opportunities in commercial agriculture, industries, services, and information &...

“No stealing Oil money, it’s for all Ugandans”-Museveni assures Ugandans

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Uganda’s earnings from oil and gas will be used strictly for the establishment of critical infrastructure to drive the economy, President Yoweri...

Magufuli advises Museveni to sack URA officials to continue with Oil pipeline

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President Yoweri Museveni and his Tanzanian counterpart, John Pombe Magufuli, disagreed Friday on the East African Crude Oil Pipeline (EACOP) Project, whose future hangs...

BoU issues new tough rules to curb on Internal money theft

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Bank of Uganda (BOU) has issued new tough rules after an internal investigation revealed a theft of old currency at its Mbale...

35% of Umeme electricity meters cheat consumers — UNBS

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Research by the Uganda National Bureau of Standards (UNBS) has revealed that 35% of the electricity meters used by industrialists and large...

Middle East Boss held by Police over fraud and Human Trafficking

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Police are holding managers of labour exporting company – Middle East Consultancy – over allegations of fleecing people of large sums of...

Temangalo Land comes back to haunt NSSF and Amos Nzeyi

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To resolve the mystery shrouding ownership of the controversial National Social Security Fund (NSSF) Temangalo land in Wakiso district, MPs have called...

Government to Tax NSSF savings and Retirement benefits

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The government has tabled to Parliament amendments to the law governing the National Social Security Fund (NSSF), seeking, among others, to compel...

Government loosens requirements for acquiring Youth Livelihood Fund

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Cabinet has approved changes to ease access to Youth Livelihood Programme (YLP) funds, lawmakers sitting on Public Accounts Committee of Parliament heard...

Museveni reveals why Uganda has not yet developed to ‘His Desired Standard’

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President Yoweri Museveni has said the journey to develop and transform Uganda has taken longer than it should due to lack...

Govt planning to ban private ownership of Taxis in Uganda

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In a bid to streamline public transport, the Government has introduced laws that will ban individuals from directly owning and operating public vehicles.

Gov’t loses Gold exports worthy 62Billions

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The Government is counting losses to a tune of about sh62b ($16.95m) in royalties from gold exports from Uganda, according to a new...

Gen. Katumba -“Borrowing money by govt is healthy”

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The act of the Government borrowing to finance infrastructure development is aimed at economic development, the Minister of State for Works, Gen. Katumba Wamala,...

Museveni gives his Final verdict on the UTL Saga

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President Yoweri Museveni has said any decision involving the process of identifying a suitable investor in the effort to revamp Uganda Telecom (UTL) should...

“Suffer Alone, Don’t drag me into UTL saga,” Finance Minister Ajedra tells Anite

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The state minister for finance in charge of general duties, Gabriel Ajedra, has distanced himself from the saga surrounding the management of...

The government gives 60 ICT innovators sh6b

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Many residents of Kampala who have farms upcountry often worry about the health and safety of their herds. Such worries will soon be addressed...

Rwanda & Uganda in high-level talks over trade and Rebels

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High-level talks to resolve the row between Uganda and Rwanda are going on with the key principals President Yoweri Museveni and his...

300 million tonnes of iron ore deposits confirmed in Uganda

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The government has confirmed the existence of 300 million tonnes of iron ore, a strategic mineral needed for the development of the...

Ofwono Opondo says investigation is not about 90 billion extra money but on who...

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Government Spokesperson Ofwono Opondo has dismissed a report that the ongoing investigation into a procurement scam involving the Central Bank involves the printing of...

BoU Saga: Gov’t & BoU to print New Ugandan currency

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Members of parliament have advised the government to embark on the printing of a new currency in order to save the image...

Summary: Pros & Cons of yesterdays budget

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When talking about this budget, it is important not to underlook certain things that are fundamental to the performance of our economy.

“No president has developed Uganda as I have developed it during my presidency” -Museveni

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President Museveni has urges Ugandans to disregard opposition members pleas that Ugandan economy is collapsing and revealed that actually its gaining momentum. "Despite being...

Parliament approves sh40.4 trillion for 2019/2020 budget

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After a long budgeting process, Parliament yesterday passed the 2019/2020 national budget totaling sh40.4 trillion, up from sh32.7 trillion for the 2018/2019...

Alliance Global closed down over increased fraudulent

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Security in Mbarara district has closed the operations of Alliance Global which is said to be a Ponzi scheme, for allegedly fleecing...

Business owners more important than politicians, says Museveni

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President Yoweri Museveni has said the strength of the country to grow does not lie with either politicians, religious or traditional leaders but rather...

SHOCK!! Rwanda sends back trucks loaded with Ugandan goods

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Three Ugandan cargo trailers that have been held up in Rwanda since early last month have been sent back to Kampala with the...

Finance ministry bosses who ate sh1b bribe have been jailed

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Two officials of the Ministry of Finance, Planning and Economic Development have been convicted of corruption offences and sentenced to two years’ imprisonment.

Government to give Youths & women shs10M, here is how to apply

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The Government will increase the operational funds for youth and women groups, the Minister of Gender, Labour and Social Development, Janat Mukwaya, has said....

URA’s shs13B system fails to track shs266B missing revenue

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Two years after the launch of the Electronic Cargo Tracking System (ECTS), which cost tax payers billions of shillings, the Uganda Revenue Authority (URA)...

Uganda Airlines flights start in July

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The revamped Uganda Airlines will start regional flights in July, about three months after delivery of two Bombardier CRJ900 jets, works minister Monica...

More Oil wells have been discovered in Elgon region

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Oil seeps have been encountered in the Elgon region, indicating the potential existence of commercial quantities of oil and gas in northeastern Uganda. Honey...

Uganda Airline Planes arriving in 2 weeks

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As part of efforts to revive the national carrier, Uganda Airlines, the company’s two Bombardier CRJ900 jets will touch down at Entebbe...

Ugandan traders excited by the Museveni-Kenyatta trade deal

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Ugandan manufacturers and traders dealing in sugar, poultry, beef and dairy products have commended President Uhuru Kenyatta (Kenya) and his Ugandan counterpart Yoweri Museveni...

Mobile money subscription shoots up, banks stagnate

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It is 10 years since the mobile money service was introduced in Uganda by MTN telecom. Following the innovation, other telecommunication companies joined the...

Closed borders won’t affect Uganda’s trade – Museveni

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President Yoweri Museveni has described the closure of the Uganda-Rwanda border as a temporary issue, which should not stop Uganda from trading, using other...

Deported MTN ex-boss sues govt

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The former chief executive officer (CEO) of telecommunications company MTN Uganda, Joris Wim Vanhelleputte, has dragged the Government to court, challenging his deportation.

Finance minister, PS clash over sh150b

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A fresh controversy has rocked the finance ministry, with the Permanent Secretary and Secretary to the Treasury, Keith Muhakanizi, clashing with the finance ministers,...

Katuntu defends COSASE commercial banks probe report

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In the run-up to last week’s release of the committee on commission’s statutory authorities and state enterprise’s (COSASE) report on the closure of seven...

In the Headlines

Gen Omar el Bashir sentenced to rot in Prison

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Former Sudan leader Gen Omar Hassan el-Bashir sentenced to 2 years term in prison for money laundering. A...

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