Tag Archives: cash

For an institution created to sniff out dirty money and choke financial crime at its roots, the spotlight is now uncomfortably fixed on the watchdog itself. A damning Value for Money audit in the December 2025 report by the Auditor General has exposed glaring weaknesses at the Financial Intelligence Authority (FIA), raising tough questions about competence, focus and leadership under …

Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation pouring trillions into companies that are barely staying afloat. As a state enterprise, UDC is mandated “to promote and facilitate …

Uganda is sitting on a gold rush worth billions — but for most citizens, the shine stops at the headlines. Gold exports have exploded over the past decade, rebounding strongly after a brief slump in 2022/23 caused by a tax dispute that temporarily halted exports. By 2025, Uganda’s gold earnings had surged to an estimated $5.2 billion (Shs 18.8 trillion), …

Equity Bank’s Juba Main Branch is facing imminent litigation after law firms representing two clients accused the bank of failing to provide cash despite repeated requests, causing what they call a “fundamental breach” of banking obligations. In a formal demand notice seen by Radio Tamazuj, Pan African Law Chambers LLP and Alliance Law Chambers state they are prepared to file …

Entebbe – President Yoweri Museveni, today-Monday, campaigned in Entebbe Municipality, pledging increased government support to fishermen, market vendors, and small-scale entrepreneurs, and urging residents to vote for the NRM to protect peace and development gains. Addressing supporters, Museveni said his government had restored security in Entebbe by dismantling criminal roadblocks that were being used to rob residents. “We saved you, …

20 companies, including CIC Insurance, Equity Bank, and several universities, have been penalised a total of Sh2.2 billion for failing to hand over unclaimed financial assets to the Unclaimed Financial Assets Authority (UFAA), Kenya media reports. The fines follow a detailed audit by Kenya’s Auditor-General, which revealed that these firms withheld dividends, insurance payments, dormant savings, and other idle funds …

The State House Comptroller, Ms. Jane Barekye has cautioned the Presidential Industrial Skilling Hub SACCO leaders against misappropriating funds. “If you use these funds properly,President Yoweri Kaguta Museveni has promised to add more into your SACCOs,”she said. The State House Comptroller made the remarks yesterday while leading a training session on the proper management of funds for the SACCO leaders …

By Eric Yiga A storm of controversy has erupted in Mukono District over the alleged mismanagement of Shs 100 million and several motorcycles that President Yoweri Museveni donated to ghetto supporters across the country. The funds and motorcycles—meant to empower and improve the welfare of ghetto youths—have instead become the source of anger, accusations of corruption, favoritism, and misuse among …

Post Views: 1 BY WILBER MUHWEZI KASIBANTE[MK]IN BUSHENYIwww.mknewslink.comSince it’s a heated political season in the entire Uganda. Maj. Gen. Kahinda Otafiire used the opportunity of dedicating s4 and s6 students of St. Kana international school to call upon voters in Uganda to desist from demanding money from their leaders because it’s a bad practice and must be discarded.The no …

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