Global unrest triggered by escalating tensions in the Middle East could unsettle financial markets, but Stanbic analysts say it may also create opportunities for disciplined investors willing to take a long-term view. That was the key message from analysts and investment advisers during a webinar hosted by SBG Securities Uganda. Grace Semakula, the chief executive…
In 2020, when Zhou Shengjian, a Chinese investor, wanted to open up an account in a Ugandan bank, a local business associate recommended Diamond Trust Bank (DTB). “I have used it for many years without any issues, and as the name suggests, it is very TRUSTABLE,” Shengjian recalls the associate telling him. So he wasted…
Dr. Oscar Kambona, a founding partner at Kampala Associated Advocates (KAA), has warned that Uganda must strike a careful balance between aggressive tax collection and protecting citizens’ constitutional rights. Speaking during a lively online interview hosted by lawyer Elison Karuhanga on the JSC Conversations, Kambona talked about the growing powers of the taxman, the relationship…
The High Court has ordered a construction firm that was represented by Tumusiime, Kabega & Co. Advocates during a legal battle with DFCU to pay the law firm its legal fees. The law firm had asked the court to allow it to formally pursue payment of its legal fees after the company allegedly failed to…
Across Uganda, thousands of small businesses are operating under names their owners believe they fully control. But according to the Uganda Registration Services Bureau (URSB), many of those entrepreneurs have no legal claim to the brands they are building. Salons in Kampala, small shops, and online traders running businesses through WhatsApp and Instagram are investing…
Muwema & Co Advocates has declined a request by its landlord, Downtown Investments, to retrieve office equipment removed during a controversial eviction from its Kololo offices last week. In a letter dated March 11, 2026, and signed by its managing partner, Fred Muwema, the law firm insisted that the matter must be managed by police…
A long-running legal battle between Amos Murisa and Uganda Revenue Authority (URA) has taken a dramatic turn after the Supreme Court ruled that a missing signature on a judgment by Justice Alfonse Owiny-Dollo means the case has to be retried. At that time, Owiny-Dollo, then a deputy chief justice, was one of the judges who…
Richard Baabo Kamugisha has been officially comfirmed as the secretary to the Electoral Commission (EC). In a statement released by the commission, Kamugisha assumed office on March 4, 2026. He replaces Leonard Mulekwah who was suspended last year on allegations of misuse of funds. The commission described Mugisha as a highly experienced election management expert…
Zimba Logistics & Hardware has been ordered by the High Court to pay Uganda Baati Shs1.66 billion for construction materials supplied on credit. Justice Stephen Mubiru ruled that Zimba Logistics and its managing director, Ali Teko Awazi, are jointly responsible for the unpaid debt. He also found that Stanbic Bank breached its banking duty to…
The Uganda Law Society (ULS) has asked the leadership of the Uganda Police Force to explain the circumstances under which police officers participated in the eviction of Muwema & Co. Advocates from its Kololo, Kampala offices. The law firm was forcibly evicted from its offices at Plot 50 Windsor Crescent Road last week following a…
On November 4, 2021, Yako Bank Uganda advanced Eliab Mugash a loan of Shs174 million, which was to run for two years. The loan attracted 20% interest per year, so by the end of the loan period, Mugash was expected to pay back a total of Shs212.4 million, which included both the borrowed money (principal)…
Letia Shamil Atabua was a student at Cavendish University in Uganda and often complained about being treated unfairly by some lecturers. In one semester, he was given four retakes out of six course units. So he started complaining and insisting loudly that he needed to see his examination papers for the course units he retook….
President Museveni has assumed the chairmanship of the East African Community (EAC) Summit, taking over from Kenya’s William Ruto. Museveni will chair the regional bloc for the next year. During the EAC summit in Arusha yesterday, leaders also approved the appointment of Ambassador Stephen Patrick Mbundi of Tanzania as the new secretary general of the…
Shafik Walusimbi, who was kept at the Flying Squad’s detention facility in Kireka for more than a week, has been awarded Shs 10 million by the High Court. Justice Joyce Kavuma, who presided over the case, ordered the government to pay Walusimbi the money as compensation after finding that police detained him beyond the constitutional…
Muwema & Co Advocates, a prominent law firm in Kampala, has accused Downtown Investments Ltd of carrying out an illegal eviction from its Kololo offices despite an ongoing appeal in court. The firm is managed by Fred Muwema.. In a press release issued today, the firm said its lawyers and staff were forcefully removed from…
The High Court has dismissed an application by Frontier Logistics International (U) Ltd and its director, Monte Daniels Nkurunungi Monte, seeking to compel Absa Bank Uganda to produce a valuation report for land used as collateral for a loan. Justice Susan Abinyo of the Commercial Division said Nkurunungi and his firm had failed to prove…
Judith Ejong started working as a security guard at Makerere Business Institute (MBI) in 2012. In May 2013, she was given a formal contract by MBI after the institute said she had performed well. At first, she was paid Shs 150,000 per month, but later, due to good performance, her salary was increased to Shs…
Once upon a time, two corporate “cousins” in Uganda found themselves locked in a standoff that nearly brought their company to its knees. At the centre of the storm was Medical Concierge Group Limited, a health technology company operating in Uganda. Its majority shareholder was Rocket Health Africa Corporation, which held 199,999 shares. The remaining…
The Uganda Police Force intends to spend Shs 42 billion on internet and other related services next financial year. This translates to Shs 3.5 billion per month or Shs 116 million per day. This detail is contained in the Second Budget call circular issued last week by Secretary to the Treasury Ramathan Ggoobi. It shows…
Richard Olwenyi, a senior reporter with Next Media, has fulfilled one of his lifetime dreams after Makerere University awarded him a Master of Arts in Journalism and Communication. Olwenyi started his masters degree journey more than five years ago but it was interupted by the Covid-19 pandemic. Speaking to Bbeg Media, Olwenyi said pursuing a master’s…
A long-running shareholder dispute at Victoria Motors Limited has ended in defeat for businessman Samuel John Kibuuka and his firm, Mercantile Executive Services Ltd, who had wanted to take control of the business. Victoria Motors is the authorized distributor of Mitsubishi cars and Renault trucks in Uganda. In a ruling, Daniel Nasasira, the Assistant Registrar…
Daniel Kalinaki, the General Manager, Editorial at Nation Media Group (NMG) Uganda, is set to leave his position, bringing to a close one of the most visible editorial careers at the Daily Monitor. Multiple sources at the Namuwongo-based news organisation told Bbeg Media that Kalinaki has already informed some people of his decision to step…
Airtel Uganda earned about Shs 1.2 billion in profit per day in 2025, underlining the scale of its growth as more Ugandans shift to digital services. The telecom firm reported a 41.1% rise in profit after tax to Shs 446.9 billion for the year ended December 31, 2025. When you break this down, it translates…
President Museveni has pledged Shs5 billion to organised content creators, urging young Ugandans to play a central role in the country’s push to eradicate poverty. Museveni, accompanied by the First Lady, Janet Kataaha Museveni, hosted the second edition of Jazz with Jajja at his Kisozi farm in Gomba. The event brought together content creators, journalists,…
Nation Media Group (NMG) has stopped publishing Sunday Monitor in Uganda, marking the end of the journey of one of the most favourite news editions for many of its readers. The edition was rich in news features, opinion columnists, and political analysis. Today’s edition was the last; the media conglomerate announced on its social media…
In 2019, a heavy storm destroyed Joseryn Kyosimire’s banana plantation in Rushenyi, Ntungamo. Lucky for her, she had taken an agricultural loan of Shs 15 million from Pride Microfinance, and a tiny percentage of that loan (1.75%) was deemed as insurance. A loan officer at Pride had assured her that in case of a loss,…
African media leaders have called for greater transparency, accountability and ownership in the age of artificial intelligence as the fourth edition of the Africa Media Festival 2026 concluded in Nairobi. The call comes amid what participants described as a generational shift reshaping both media and politics across the continent. Younger, digitally native audiences are consuming…
The French Development Agency (AFD) has signed a €40 million (about Shs 170 billion) financing agreement with the Uganda Development Bank (UDB) to support priority sectors of the economy. The funding package includes an additional €800,000 (about Shs3.38 billion) in technical assistance. The agreement was signed on Monday at UDB Tower in Kampala by Marc…
The Airtel Africa Foundation has committed Shs3.85 billion to support Uganda’s digital workforce through the Tech Fellowship targeting high-achieving students from low-income households pursuing higher education in science, technology, engineering and mathematics. The four-year initiative commenced after a rigorous selection process conducted between December 2025 and January 2026. It will provide a full scholarship to…
Peter Mukuru has joined the Uganda Development Bank (UDB) as director of business technology. In a statement, the bank said Mukuru brings “more than two decades of experience in business technology and digital transformation across development finance institutions, regulatory bodies, government agencies, utilities and the private sector.” Until recently, Mukuru served as IT project manager…
The High Court has ruled that businesswoman Molly Katanga has a case to answer regarding the death of her husband, Henry Katanga at their Mbuya home in 2023. In a ruling delivered on Thursday morning, Justice Rosette Kania found that the prosecution had presented sufficient evidence requiring Katanga to respond to the charge. Molly’s lawyers…
On March 3, 2021, Hussein Ahmed approached Platinum Credit Uganda for a loan of Shs 31.4 million at an interest rate of 4% per month. As security, he handed over the logbooks for two vehicles: a Toyota Land Cruiser registration number UAW 911K valued at Shs25 million, and a Toyota Alphard registration number UBE 217M…
For more than five years, Bob Ainebyoona had held a Dembe Account at DFCU Bank and had had a good working relationship with the bank. One day in 2020, he attempted to withdraw some money from his account at the bank’s Naalya branch at the Quality Shopping Mall. The officials there redirected him to the…
Stanbic Bank Uganda and the Buganda have launched Ssemaduuka, a one-stop agricultural business centre designed to expand access to structured credit for farmer-owned savings and credit co-operative organisations, strengthen governance and formalise coffee value chains. The initiative was launched at Mayors Gardens in Mubende Municipality. For more than a decade, Frank Nyanzi, a 57-year-old coffee…
Two years ago, businessman Levy Lawrence Omulen was introduced to Malong Tong, aka Henry Ochown, as a wealthy South Sudanese investor interested in buying land for an industrial park in Uganda. Omulen was told by a one Peter Lubwama that Malong was a wealthy South Sudanese businessman with connections to the South Sudan government. He…
Defending champions Stanbic Black Pirates produced a dominant display at the weekend, defeating Rhinos Rugby Club 45–10 to move to the top of the rugby league table. Played in a heavy Saturday downpour, the match tested both sides’ discipline and tactical organisation. The Pirates adapted better to the conditions, combining structured phase play with sustained…
Tugende, a firm that provides motorcycle loans to riders, and the Uganda Revenue Authority are locked in a legal dispute over a tax assessment. The dispute started from Tugende’s decision to offer discounts to customers who clear their loan balances ahead of time. For tax purposes, Tugende treated those discounts as allowable expenses. However, in…
Prominent law firm Muwema & Co. Advocates has said it will appeal a High Court ruling that ordered it to pay more than Shs 1.3 billion ($370,000) in rent arrears to Downtown Investments Limited regarding its premises on Windsor Crescent in Kololo. The judgment, delivered on February 20 by Justice Patricia Mutesi, arose from a…
The PPDA Appeals Tribunal has dismissed an application by Roko Construction challenging its disqualification from a multibillion-shilling tender floated by the Uganda Bureau of Statistics (UBOS). In a detailed ruling, the tribunal upheld UBOS’s decision to eliminate Roko at the preliminary stage and confirmed the award to CRJE East Africa Ltd. The dispute arose from…
In the entertainment world, many people will tell you that success can be short-lived. We have seen many people and businesses in the sector come with a splash only to disappear without a trace. Julius Kyazze, the chief executive officer of Swangz Avenue, one of the most prominent production houses in Uganda, understands this cycle…
The outgoing Mawokota South MP, Yusuf Nsibambi, has joined the National Resistance Movement (NRM), weeks after losing his parliamentary seat in the recently concluded general election. Nsibambi, a veteran academic and long-serving legislator, was officially received into the party by the Speaker Anita Among, and the NRM Secretary General, Richard Todwong. The former member of…
The PPDA Appeals Tribunal has dismissed an application by Cementers Uganda which had challenged its disqualification from a Shs45.49 billion housing project tender by the National Social Security Fund (NSSF). In a decision, the tribunal reuled that Cementers’ application was “incompetent” because it had been filed out of time. It declined to consider the merits…
“I used to feed my children from my own garden. Now I buy food, and sometimes we sleep hungry.” That is how one of the residents interviewed by the Africa Institute for Energy Governance (AFIEGO) describes life after being affected by the East African Crude Oil Pipeline (EACOP) livelihood restoration programme. Her words capture the…
The 2026 Stanbic Match Play Challenge qualifiers at Entebbe Golf Club produced a historic moment for Ugandan golf after Berna Musanabera won the tournament’s first-ever hole-in-one car prize. Musanabera delivered a hole-in-one on the par-three 12th hole to claim a Toyota Corolla Cross Hybrid insured by Afrisafe Uganda. She becomes the first golfer, and the…
Stanbic Bank Uganda’s chief executive, Mumba Kalifungwa, has urged leaders across government, business and finance to turn Uganda’s macroeconomic gains into inclusive and long-term prosperity as the country approaches commercial oil production. Speaking at the fifth Stanbic Economic Forum in Kampala, Kalifungwa said Uganda’s future “is not something to be observed from a distance, but…
Henry Katanga, a businessman in Kampala, was felled by a gunshot to his head at his Mbuya home on November 3, 2023. Given his prominence and that of his family, his death drew media attention and elicited mixed reactions on social media. Even before the full picture of the circumstances of his death emerged, his…
Moses Kigongo, the first national NRM vice chairperson, has been ordered by court to pay Shs 58 million in damages and costs to a contractor who installed aluminium doors and windows at his property in Mpigi. Kigongo had wanted “bulletproof” glasses, which he said Diamond Glass Mart, the contractor, never delivered. So he paid the…
Nation Media Group (NMG) is considering scrapping the Sunday edition of Monitor Publications Limited as part of its restructuring process, sources at Namuwongo have told Bbeg Media. It is not clear when the decision will be effected, but reliable sources said “by April Sunday Monitor could be no more.” We have been told that during a…
It all started in February 2024 when Makerere University advertised the position of Deputy Vice Chancellor for Finance and Administration. Three professors were shortlisted. They were Prof. Anthony Mugisha, Prof. Henry Alinaitwe and Associate Prof. Bruce Kirenga. The Senate conducted elections Prof. Mugisha emerged with the highest number of votes so he was reccomended for…
African heads of state have begun arriving in Addis Ababa, Ethiopia, for the 39th African Union (AU) Summit, where leaders will deliberate on economic development, health, education, water and business issues aimed at improving livelihoods across the continent. In a statement released to journalists in Addis Ababa, the chairperson of the African Union Commission, Mahmoud…
