Court Grants Bail to NUP’s Ssebuwuufu Over Incitement Charges
The Chief Magistrate’s Court in Nakawa has granted cash bail of Shs500,000 to National Unity Platform (NUP) Electoral Management Committee member and Nakawa Division Lord Councillor, Johnmary Ssebuwuufu. As part of the bail conditions, Ssebuwuufu was ordered to deposit his passport, present sureties bonded at Shs5 million non-cash each, and
High-Quality Coffee Key to Unlocking Global Markets, Say Experts
With coffee exports contributing Shs 8.2 trillion to Uganda’s GDP, stakeholders are calling on farmers to step up and produce high-quality coffee that meets international standards, ensuring better prices in global markets. The call came from Kenneth Barigye, CEO of MT Harvest Coffee and Vice Chairman of the newly formed
Who are the Six Ugandans implicated in Shs 12.5Bn Equity Bank Rwanda fraud
Buganda Road Chief Magistrate has charged six Ugandans implicated in a Shs 12.6 billion (Rwf 4.9 billion) cyber fraud at Equity Bank Rwanda. Appearing before Magistrate Ritah Naumbe Kidasa, the six were charged with electronic fraud and remanded pending investigations, as the court peruses their bail applications. The suspects are
Global Energy Crisis Deepens Beyond 1970s Oil Shocks, IEA Chief Warns
The world is grappling with an energy crisis more severe than the oil shocks of the 1970s, the head of the International Energy Agency has warned, as mounting supply disruptions rattle global markets and raise fears of economic fallout. IEA Executive Director Fatih Birol described the situation as “very severe,”
KCB Elevates Rally Championship with Title Sponsorship Deal
KCB Bank Uganda has strengthened its footprint in motorsport by taking over as the title sponsor of Uganda’s National Rally Championship, signaling a renewed push to grow the sport and support emerging talent across the country. The announcement, made at the bank’s Kampala headquarters, brought together officials from the Federation
Prudential, Airtel Partner to Streamline Insurance Premium Payments
Prudential Uganda has rolled out a new digital payment option that allows customers to pay life insurance premiums instantly through Airtel Money, marking a step forward in simplifying access to financial protection. The solution, developed in partnership with NxtPe, enables customers to make seamless payments directly from their mobile money
Stanbic to Pay Shs 360 Billion Dividend on Back of Strong 2025 Results
Stanbic Uganda Holdings Limited has announced a Shs360 billion dividend payout to shareholders following a strong financial performance for the year ended December 31, 2025, highlighting the Group’s solid growth trajectory and resilient business model. The results mark a pivotal leadership moment, with outgoing Franchise Chief Executive Francis Karuhanga closing
Stanbic Posts Record Shs591 Billion Profit as Deposits and Lending Surge
Stanbic Uganda Holdings Limited has delivered a standout financial performance for the year ended December 2025, posting a profit after tax of Shs 591 billion in a result that underscores its growing dominance and strategic momentum in Uganda’s banking industry. The Group’s total revenue climbed to Shs1.44 trillion, powered by
Insurance in a Changing Risk Landscape: From Transaction to True Risk Partnership
By Aisha Nakiwunga As Uganda marks another Insurance Week, the conversation must evolve beyond simply owning an insurance policy to ensuring that coverage is structured to perform when it matters most. Insurance should no longer be viewed as a mere compliance requirement or an annual renewal routine. In today’s dynamic
Museveni Directs Fast-Tracking of Starlink Licensing in Uganda
Elon Musk’s satellite internet venture, Starlink, is edging closer to launching operations in Uganda, signalling a potential shift in the country’s internet landscape, Daily Star has learned. The development follows a recent meeting at State House between Yoweri Museveni and Starlink executives, after which the president reportedly directed authorities to
