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Government freezes bank accounts of Serwanjja, Agather’s organisations

Operations at several good governance-centred civil society organisations have been disrupted after the Financial Intelligence Authority (FIA) froze their bank accounts. In a widening crackdown on organisations deemed to be “hostile” to the government, sources at the FIA alleged the CSOs have been receiving money to cause ‘unrest.” Among the organisations affected is Agora Centre…

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How Stanbic froze Entebbe mayor Rulinda’s account over gold deal with M23 rebels

On August 11, 2017, Fabrice Rulinda, the Entebbe mayor and PLU activist, received $73,000 ( about Shs 275 million) in his dollar account the dollar account at Stanbic’s Bugolobi branch. The money was deposited by a company called Green Global Corporation, which deals in gold. Suspicious, Stanbic Bank reversed the transaction and sent the money…

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Stanbic analysts call for calm as Middle East tensions shake markets

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…

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Shs 69 million vanished from his accounts in DTB in five minutes. Police says DTB is ‘guilty’ but bank says its ‘innocent’

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…

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JSC Conversations: Dr Kambona explains limits of URA’s power

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…

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URSB warns entrepreneurs their business names may not legally belong to them

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…

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Justice Owiny-Dollo ‘forgot’ to sign a ruling leaving former URA employee to endure ‘legal misery’

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…

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Richard Kamugisha confirmed as EC secretary

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…

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Cavendish University dismissed him for complaining about his results. He lost in court because he filed “late”

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….

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Dr Davis Musiimenta holds one share in a medical firm. He held it hostage over $100,000

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…

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NMG shuts down Sunday Monitor

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…

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Daniel Kalinaki warns of the dangers of AI as African media leaders meet in Kenya

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…

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AFD signs Shs 170 billion financing deal with UDB to boost priority sectors

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…

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Airtel Africa Foundation commits Shs3.85 billion to boost Uganda’s digital workforce

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…

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UDB appoints Peter Mukuru director of business technology

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…

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Stanbic Bank, Buganda launch Ssemaduuka to expand credit for farmer SACCOs

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…

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How Roko lost Shs 65bn deal to build office block for UBOS

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…

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Golfer Berna Musanabera wins first hole-in-one car prize in Stanbic Match Play history

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…

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Stanbic’s Kalifungwa calls for inclusive growth as Uganda nears first oil

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…

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