Iran closes Starit of Hormuz over breach of war ending agreement
Iran has announced the closure of the strategically important Strait of Hormuz to vessel traffic, escalating tensions in the region amid accusations that the United States and Israel have failed to uphold commitments under a recently signed war-ending memorandum of understanding. The announcement was made by the Islamic Revolutionary Guard
Shs126 trillion borrowed: Did Uganda get value for its debt?
Uganda’s public debt has expanded significantly over the past decade, rising to Shs126.19 trillion by December 2025, sparking debate among economists, policymakers, and the public about whether the borrowing has delivered value for money. However, the government maintains that the debt has been prudently deployed to finance strategic investments that
Inside Shs 652.5bn to upgrade Arua Airport
Uganda is set to boost regional air transport and unlock new economic opportunities following the approval of €155.99 million (about Shs 652.5 billion) by the African Development Bank (AfDB) Group for the upgrade of Arua Airport. The funding will support Phase I of the Uganda Airports Development Programme, aimed at
Court clears Absa Bank to sell Boss Beverages’ property over Shs 710m debt
The High court has cleared Absa Bank to proceed with the sale of mortgaged property belonging to Boss Beverages International Ltd to recover an outstanding loan of Shs 710 million. Court heard that Boss Beverages International Ltd had secured a term loan facility of Shs 400 million from Absa Bank
Shs 75m Fraud: Court Orders Stanbic Bank to pay Shs 40M to retrenched employee
The Industrial Court has ordered Stanbic Bank Uganda Limited to pay more than Shs40 million to its former employee, Elizabeth Nyasuna, after ruling that her dismissal over a disputed Shs75 million cash withdrawal was unlawful and unfair. In a judgment delivered on June 16, 2026, Justice Anthony Wabwire Musana found
Court Charges Ex- Mayor Lukwago with misprision of treason, remanded to Luzira prison
Former Kampala Lord Mayor Erias Lukwago has been charged with misprision of treason following two days of arrest. On Monday, Security agencies of police and the Special Forces Command (SFC) invaded the home of Lukwago and Wakaliga, a Kampala suburb leading to his arrest and subsequent detention at an revealed
Equity Bank officer jailed over Shs52m fraud scheme
An Equity Bank credit officer has been sentenced to one year in prison after the Anti-Corruption Court found him guilty of facilitating the fraudulent transfer of more than Shs52 million from a customer’s account. Marvin Ijuka was convicted by His Worship Paul Mujuni and handed a 12-month jail term for
Shs 3.8bn Scandle: Trial of Ex-Trade PS Ssali kicks off at High Court
Former Permanent Secretary in the Ministry of Trade, Industry and Cooperatives, Geraldine Ssali Busulwa, is expected back in court today as proceedings in a high-profile corruption case resume. Ssali will appear before Lady Justice Jane Okuo Kajuga at the Anti-Corruption Division of the High Court in Nakasero alongside five co-accused
Court remands two in Katikkiro Walusimbi’s daughter murder case
Shock and grief have gripped Wakiso after court remanded two suspects linked to the brutal killing of Lydia Babirye, the daughter of former Katikkiro JB Walusimbi, in a case that has stunned the nation. Wakiso Chief Magistrate Naume Sikhoya sent Abubakar Ntenge and Shafic Kagga on remand after they were







