Whistleblowers ask Museveni, IGG to halt Shs158bn digital plates deal
Whistleblowers have asked President Yoweri Museveni and the Inspectorate General of Government to halt a proposed Shs158 billion procurement by the Ministry of Works and Transport, involving the same company implementing Uganda’s controversial Intelligent Transport Monitoring System (ITMS). The group, identifying themselves as concerned citizens and whistleblowers from the transport
NIC Life launches affordable family insurance cover
NIC Life Assurance Company Limited, in partnership with SPADES Insurance Brokers Limited, has launched a family life insurance product targeting Ugandan families seeking affordable financial protection against death and permanent total disability. The Family Life Insurance Plan (FLIP), launched in Kampala on September 24, allows a main policyholder to cover
Technology can unlock agricultural finance, dfcu says
Technology and data are helping financial institutions better understand agricultural businesses and could widen access to credit as Uganda seeks to accelerate the commercialisation of the sector, dfcu Bank has said. Mercy Iselu, the sector head for food and agriculture at dfcu Bank, said digital transaction records and other data
Shilling faces renewed pressure as dollar demand rises
The Uganda shilling is expected to remain under pressure in the near term as renewed demand for the US dollar from offshore investors and large corporate importers weighs on the local currency. The shilling had a volatile but broadly stable week, with intermittent foreign-currency inflows from commodity exporters, charities and
NCBA, MAC East Africa launch school bus financing to support the future of education
NCBA Bank Uganda has partnered with MAC East Africa to launch a dedicated School Bus Financing Partnership, providing school owners, directors and administrators with an integrated solution to acquire school buses and support the safe and reliable transportation of learners. Launched today at Protea Hotel Kampala under the theme “Driving
NSSF declares 22.53% interest for savers
The National Social Security Fund (NSSF) has declared a 22.53% interest rate for its members for the 2025/26 financial year. Finance Minister Henry Musasizi announced the rate during NSSF’s Annual Members Meeting at Serena Hotel, Kampala. More details to follow.
Court orders Housing Finance to deposit Shs 28m in Najjera dispute
The Court of Appeal has stayed the execution of High Court orders that would have cancelled Speke Uganda Holidays Limited’s ownership of a property in Najjera and required it to hand over vacant possession to the former owners. The stay was granted after Housing Finance Bank asked the appellate court
New business network seeks to deepen Kenya-Uganda trade
Kenyan and Ugandan entrepreneurs are being urged to move beyond traditional business relationships and forge stronger partnerships in investment, production, technology and knowledge exchange to deepen economic integration in East Africa. The call was made by Kenya’s High Commissioner to Uganda, Ambassador Ababu Namwamba, during the launch of Business Network
Construction sector urged to unite against counterfeit goods, rising costs
Uganda’s construction industry has been urged to strengthen collaboration among manufacturers, hardware dealers and government to tackle counterfeit products, rising material costs, taxation challenges and limited access to affordable financing. The call was made during the 2026 Construction Hardware Dealers Association (CHADA) Annual Conference held at Lake Victoria Serena Golf
Inside Shs147.7b Dei Industries loan dispute
The Court of Appeal has halted proceedings in a Shs147.7 billion loan dispute involving pharmaceutical companies Dei Industries International Ltd and Dei Biopharma Ltd and their director, Dr Mathias Magoola, pending determination of an intended appeal challenging an audit report on their alleged indebtedness. Justice Florence Nakachwa, sitting as a
