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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. In a suit...

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 the business...

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 people of...

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 money, purporting...

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 development and...

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 for agreeing...

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 Malinga, the...

Businessman in row with UN over delayed compensation

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A Ugandan businessman is embroiled in a dispute with the UN over delayed payment of about sh500m in compensation after a UN vehicle knocked...

Global Trust Bank owners want compensation

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Senior officials from the now defunct Global Trust Bank(GTB) that was closed by the central bank have demanded compensation for the losses incurred during...

National housing opens 80 flats

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The Government has urged the National Housing and Construction Company to find solutions for the urban poor and rural Ugandans. The call was made...

BOU governor’s powers should be trimmed – COSASE

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The parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) has said the Constitution should be reviewed to stop the central bank governor from holding...

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) is under...

Experts : Uganda’s taxation system only making rich people more richer

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The Government is increasingly turning to indirect taxes to increase revenue, but a new report has found that the move could be widening the gap between...

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. According to the...

Uganda one of world’s top 2019 tourist destinations

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The ranking cites futuristic cityscapes and modernist architecture to pristine rainforest and rehabilitated wildlife among the major attractions.

“Whatever we did was in accordance with the law” Kasekende speaks out on COSASE...

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The central bank has roundly rejected the findings of the parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) that there were irregularities...

China’s Hunan investors to build power transmission line

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Uganda and China’s Hunan province have signed a memorandum of understanding (MOU) expected to facilitate the construction of a power evacuation line from Achwa...

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. “We have...

Govt moves to regulate pastors’ wealth

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However, Lokod clarifies that the proposed policy does not target any church and is not intended to curtail the freedom of worship as enshrined in the Constitution

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 banks by...

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 cargo on board....

Hwan Sung boss sold ghost land

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Police in Kampala are investigating a land fraud case in which suspected fraudsters reportedly connived with officials of the land office at Wakiso district headquarters to...

Gold Trust Bank sale agreement was signed two weeks before seizure — MPs

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Auditor General John Muwanga revealed that BOU sold the bank to dfcu without internal guidelines, regulations or policies in place to guide the identification of the buyer and valuation of the assets.

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, Matia Kasaija...

Government unveils 34 Trillion 2019 budget

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The Government has finalized the formulation of the draft budget (Budget Framework Paper) for the 2019/2020 financial year, with greater priority being given to...

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. Justice Lawrence Gidudu,...

NBC was illegally closed, say Mbabazi, Rukikaire

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Six years since the National Bank of Commerce (NBC) was closed, the stakeholders and directors believe the Central Bank acted outside the law and...

Niche banks under watch — Central Bank

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While some banks have been making losses for the last three years, the Central Bank has ensured that they do not present a threat to the sector

Arua CAO, deputy quit over missing sh509m

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The local government permanent secretary, Ben Kumumanya, has interdicted Ismail Ochengel, the Chief Administrative Officer (CAO) of Arua and his deputy, Paul Samuel Mbiiwa, following a...

President attends blue economy conference in Nairobi

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President Yoweri Museveni has underscored sustainable conservation of water bodies as a prerequisite for human survival. “When we talk about blue economy, we are talking...

Cooperative Bank owners demand accountability of assets from BOU

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Almost 20 years down the road since Co-operative Bank was closed, shareholders and directors say they have since not had access to the evaluation report on...

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 for a...

First Glimpse on Uganda Airline, Everything on track

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Azuba says the Government has paid a commitment fee of $100,000 on each of the four planes and another $400,000 for the Airbus A330 series.

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 alternative markets,...

Over sh835b misused in 2017-2018

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The Auditor General (AG) has established that over sh835.5b was either misappropriated or misused in the 2017/2018 financial year. The report covering the last financial year...

8 Chinese firms to set up at Mbale Industrial Park

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Eight Chinese firms have signed memoranda of agreement to start production at the SinoUganda Industrial Park in Mbale district. Two other firms have already...

More turmoil as MTN chairman Charles Mbire is Interrogated by security

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Fresh details emerging from MTN have revealed that the telecommunications company chairman, Charles Mbire, has been quizzed over alleged espionage by the company staff. Sources also...

Japanese companies to come to Uganda

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The number of Japanese setting up companies in Uganda is on the rise, the Japanese ambassador to Uganda has said.

Museveni Launches Uganda’s largest Solar power plant

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President Yoweri Museveni has commissioned a sh91.4b solar power plant project to benefit rural households, schools and hospitals in the districts of Gomba, Butambala and parts...

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 financial year....

Latest Stories

Andrew Mwenda narrates his own theory about the Kampala Bombings

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After reviewing the stories on mainstream media and listening to security officials talk, I am inclined to believe that yesterday’s bomb blasts were not...