Ugandan shilling’s downward spiral sparks concerns over inflation
A report by The Monitor, showed that the Bank of Uganda increased its Central Bank Rate...
Seven Gold Companies Fail to Pay UGX 47.2 Billion in Taxes
Government Criticized for Failure to Collect Gold Export Revenue Members of Parliament (MPs) on the Public...
Post Bank Under Fire: Parliament Questions Post Bank Over PDM Funds
Parliamentary members in Uganda have raised significant concerns regarding alleged fraudulent activities related to the disbursement...
Fresh Concerns Emerge in Uganda’s Financial Sector with Pivot Payments Ltd Suspension
The recent suspension of Pivot Payments Ltd by the Bank of Uganda (BOU) has sparked fresh...
Shrinking Shilling Drives Uganda’s Debt Up by Trillions
In June 2023, Uganda’s external public debt stood at USD 14.23 billion. However, recent fluctuations in...
Businessman Confesses to USh510m Tax Fraud Involving Dansem Construction Limited
Fred Wadda, a prominent figure in Uganda's business community, has admitted to charges of tax fraud...
Bitature and Wife Ordered to Face Fraud Trial
Businessman Patrick Bitature and his wife Carol Nzaro Bitature have been directed by the Court of...
Kenya Secures Sh350bn in Investments during Ruto’s Japan Trip
Financial agreements worth Sh350 billion have been signed during President William Ruto’s visit to Japan. These...
Kalungu Residents Oppose Plan to Divert Lake Water for Rice Cultivation
Residents of Bukulula Sub-county in Kalungu District are expressing strong opposition to a proposal by Chinese...
Cabinet Approves Compulsory Vaccination to Combat Foot and Mouth Disease
Government Implements Compulsory FMD Vaccination for Animal Health The government has announced a compulsory vaccination program...
