Finance
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Digital Money Lending Apps: Unveiling the fraud crisis
A rising wave of fraud cases linked to digital money lending applications, has thrown Uganda’s financial sector into turmoil, leaving…
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BOU closes Mercantile Credit Bank over financial instability
The Bank of Uganda (BOU) has closed Mercantile Credit Bank Limited (MCB), a tier II financial institution, due to severe…
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How oil revenue will relieve gov’t of external debt
President Yoweri Museveni has stated that the country will earn US$2 billion per annum once oil production starts in 2025.…
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Higher business activity in May boost optimism in Uganda’s private sector
Back-to-back expansions in both business activity and new orders resulted in Ugandan firms seeing a further improvement in performance during…
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dfcu Limited marks 60-year legacy of transforming Lives and businesses in Uganda
dfcu Limited is celebrating 60 years of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses…
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Parliament passes Shs72.136 trillion budget for FY 2024/2025
Parliament has passed the national budget for the Financial Year 2024/2025, approving a total expenditure of Shs72.136 trillion following the…
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Borrowing becomes routine in Uganda
In Uganda, borrowing has increasingly become a routine financial practice for individuals, businesses, and the government alike. This trend reflects…
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URA seeks extra UGX 169billion for staff salaries
Uganda Revenue Authority (URA) has requested Parliament for extra UGX 169 billion to cater for the payment of wages of…
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Govt tables Shs58 trillion budget for 2024/2025
Government has presented a Shs58.34 national budget for the 2024/2025 financial year, intended to focus on ‘full monetisation of the…
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UNBS sent away after failing to defend budget
The Uganda National Bureau of Standards (UNBS) has failed to defend their budget item of Shs3.363 billion allocated for the…
