EU Delists Uganda, Tightens Anti-Money Laundering Rules
The European Commission has delisted Uganda from the list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. EU entities covered by the AML framework are required to apply enhanced vigilance in transactions involving countries on this list. This measure
Public Debt and Security Get Major Slice of Uganda’s Shs 72 trillion Budget
Finance Minister Matia Kasaija is set to present the Shs 72.376 trillion 2025/26 Budget, which was recently approved by Parliament. The Budget will be read at the Kololo Ceremonial Grounds. This budget aligns with the overarching theme of “Full Monetisation of Uganda’s Economy”, focusing on sectors such as commercial agriculture,
Global Economy Set for Weakest Run Since 2008 Outside of Recessions
Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted in growth forecasts being cut in nearly 70% of all
Equity Bank Uganda Faces Backlash Over Alleged Unauthorized Withdrawals
Equity Bank Uganda is once again under fire after a customer accused the institution of withdrawing a significant amount of her savings without her permission. According to a social media post cited by Daily Star, the disgruntled client claimed she had Shs 8 million in her account. However, she was stunned to
Local Distributor Reaches New Heights Through Coca-Cola Partnership
Peter Rwabunyegera, an Official Coca-Cola Distributor (OCCD) with Coca-Cola Beverages Uganda (CCBU), is celebrating a remarkable journey of growth and resilience as he marks a decade of operation in Mbarara. Peter’s distribution journey began in October 2013 at Kizungu Market, Mbarara. What started as a modest operation has since grown
Court Dismisses Roko’s Bid to Halt Shs 1.5 Billion Payout to Pramukh Steel
Roko Construction Company has suffered a legal setback after the High Court declined its application to stop the enforcement of a judgment requiring it to pay more than Shs 1.5 billion to Pramukh Steel Limited. Presiding over the matter, Justice Dr. Ginamia Melody Ngwatu ruled that Roko had not met
Capt. Roy: The Rise and Fall of DAS Air Cargo
Captain Joseph C. Roy, a brother to Capt. Francis Babu and his wife, Daisy Roy, founded Dairo Air Services in 1983 in Uganda. The company later rebranded as DAS Air Cargo. They developed a cargo route network connecting Europe to 20 destinations across Africa, the Middle East, and Asia, with main
MTN MoMo championing digital agribusiness and health access
MTN Mobile Money Uganda Ltd extended its 2025 edition of the 21 Days of Y’ello Care campaign to Luwero District, marking the second major activation of this year’s employee volunteerism initiative. Following its initial launch in Kampala at the Kabalagala Youth Centre, the campaign now deepens its grassroots impact with
World Bank Lifts Loan Ban on Uganda After Two-Year Hiatus
The World Bank has officially lifted its two-year suspension on new loans to Uganda, a freeze initially imposed in response to the country’s enactment of the 2023 Anti-Homosexuality Act. The move marks a significant policy shift, balancing development priorities with human rights concerns. The 2023 legislation, which drew widespread condemnation
AFC Champions Shift of $4 Trillion in Domestic Savings into Africa’s Infrastructure Transformation
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today publishes the most comprehensive and up-to-date picture of Africa’s investable capital landscape—revealing over $4 trillion of domestic savings in banking assets, institutional funds and reserves. The research in the 2025 edition of the State of Africa’s Infrastructure (SAI) Report
