By Denis Jjuuko Small and microbusinesses have always had issues of accessing capital either to grow or stay in business. Commercial lenders charge premiums and demand stuff that these small and microbusinesses can only dream of. In order not to sink, they usually stay off commercial loans preferring to remain small or turn to informal […]
By Denis Jjuuko It is that time of the year again when commercial banks publish their financial results in the newspapers as part of fulfilling the regulations that govern them. Most of them have registered year on year increases in profitability, lending, deposits and total assets among other metrics. If you only read the commercial […]
The Buganda Road Chief Magistrate’s court presided over by Grade one magistrate Rophine Achayo, has charged and remanded eight police officers with one count of neglect to prevent a felony in the recent robbery of laptops from the Bank of Uganda head offices in Kampala City. The accused include Sgt Joseph Amone, Police Constable (PC) […]
The Uganda Police Spokesperson ACP Kituuma Rusoke, has revealed that the force has in custody two suspects believed to have been of a group that broke into Bank of Uganda and stole seven laptops on Monday. Kituuma noted that the arrests were carried out on Thursday, by the police intelligence teams, during which two laptops […]
Yet to be identified thugs have broken into the Bank of Uganda Head Office premises at Plot 45, Kampala Road, and stolen seven laptops. According to sources, the theft at the offices located near the City Square, occured in the wee hours of Monday. Following the raid, joint security forces visited the bank, picked evidence and […]
By Denis Jjuuko Gold has become Uganda’s leading export earner bringing in a record US$6.4 billion in 2025 from US$1.26b in 2019 thereby overtaking coffee at US$2.46b. That is a huge surge in revenue. Gold has been surging worldwide due to increased geopolitical tensions forcing central banks to increase their purchases as a measure to […]
The Bank of Uganda has cautioned people against using the country’s notes as wrapped gifts for special occasions, noting that doing so compromises the integrity of the Uganda Shilling currency. In a statement released on Friday, the bank cautioned florists, designers, gifting stylists, and their clients against using mainly brand-new banknotes that are stuck together […]
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