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 …
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In a dramatic regulatory shake-up that has sent shockwaves through Uganda’s insurance sector, the Insurance Regulatory Authority (IRA) has suspended the licence of CIC Africa Life Assurance Limited, stopping the company from signing up any new customers effective 7th November 2025. In a strongly worded public notice, the Authority warned Ugandans NOT to seek new life insurance products from the …
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Kampala — In one of the most bizarre and daring bank frauds in recent years, a 45-year-old boda-boda rider has been charged for allegedly siphoning over Shs332 million from a Centenary Bank account — using a web of fake names, forged IDs, and insider-style tricks. The suspect, identified as George Byaruhanga a.k.a. Ronald Kintu a.k.a. Rogers Ainembabazi, appeared before Buganda …
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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 …
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A major banking bombshell has hit the financial streets of Kampala — Absa Bank Uganda has gobbled up the struggling retail and wealth wing of Standard Chartered Bank Uganda! The shock deal, sealed on Friday at Stanchart’s head offices, marks the end of an era for one of Uganda’s oldest banks, which has finally thrown in the towel on its …
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One of the officials at KCB bank’s top management is embroiled in a blistering sex scandal with female employees and customers at a rival bank. This official at the KCB headquarters has over the four years been exchanging sex and money with female staffers and customers at a rival bank which we shall not mention for now. But a hint-DFCU, …
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On Tuesday, about seven armed robbers raided my precious home and took off with all the money that I had at the moment. It seems one of my shaft mates tipped them that I am the richest cosmetics dealer in Uganda. “Where is the dime?” one of the armed robbers asked me. I immediately moved to the bedroom and pulled …
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By Our Reporter | Kampala Uganda Airlines has written to Wavah Water, expressing alarm over what it described as a “very serious and unacceptable” food safety incident involving bottled water served on one of its flights.In an August 21 email addressed to Ms Charlotte Mayanja Kakooza, the Wavah Water manager for sales and client relations, Mr Dominic Mascarenhas, Uganda Airlines’ …
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