Tag Archives: money

By Ben Musanje Mobile money has emerged as one of the strongest drivers of financial inclusion in Uganda, with access rising sharply across regions and demographic groups, according to the latest Uganda Bureau of Statistics (UBOS) findings covering the period 2021/22 to 2024/25. Part of the report, presented by Aubrey Kemigisha Abaho, Principal Statistician under the Department of Social Services …

By Mulengera Reporters For years, Vincent Frerrio Bamungaki Sempijja (who personally mentored greats likes AIGP Andrew Felix Kaweesi) served as Masaka LC5 Chairman before moving on to become Kalungu East MP for two terms (2011-2021).   In 2021, he was dethroned by NUP’s Francis Katongole Katabazi who rode on the Kyagulanyi wave to replace him as Kalungu East MP. Gen …

A stunning judgment from the Commercial Division of the High Court has peeled back the lid on a shadowy web of gold brokerage, rebel connections and suspicious dollar transfers after the court dismissed a multi-million-shilling claim brought by Entebbe Mayor Fabrice Brad Rulinda against Stanbic Bank Uganda. In a detailed ruling delivered by Stephen Mubiru, the court examined a controversial …

A multi-year comparison of Watoto Child Care Ministries’ filings in the United Kingdom (UK) for the years 2020 to 2024 have revealed a pattern of escalating financial and governance red flags. A Tax Appeals Tribunal (TAT) ruling of November 2025 has revealed that Watoto Child Care Ministries has engaged U.S based companies linked to senior figures within Watoto Network to …

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 …

As mobile money services finally flicker back to life, one thing remains completely offline: accountability. For nearly a week during the tense election period, millions of Ugandans were left stranded — unable to withdraw their own money, forced to beg agents, ration transactions, or in some cases cross into Kenya just to access cash. Yet as the dust settles, no …

Post Views: 5 Tycoon Hassan Basajjabalaba By Wilber Muhwezi KasibanteIn Bushenyiwww.mknewslink.comThe chairman entrepreneurs’ league and member of CEC NRM and also the party chairman for Bushenyi District, tycoon Hassan Basajjabalaba has warned government against spending money in PDM with a hope of alleviating poverty is not possible.Basajjabalaba said this today November 15, 2025 at Katungu Ishaka during the sendoff …

Hold onto your hard hats, folks! The cement giant that once owned Uganda’s Hima Cement is now mixing in a whole different kind of trouble — terror money! French prosecutors on Tuesday opened a sensational trial against Lafarge, a subsidiary of Switzerland’s Holcim Group, accusing it of funding deadly jihadist groups including ISIS and al-Qaeda’s Nusra Front to keep its …

Omoro – President Yoweri Kaguta Museveni, also the National Resistance Movement (NRM) flagbearer, has assured residents of Omoro District that revenues from Uganda’s oil production will be used to accelerate infrastructure development across the country, including roads, electricity, and the railway. Speaking while campaigning in Omoro on Tuesday, Museveni said that the oil discovered under his government in the Albertine …

BY FARUK KIRUNDA The attitude of the NUP leadership towards the Inter-Party Organisation on Dialogue (IPOD) needs deeper analysis. Judging from the letter from the party’s Secretary General to the Executive Director of IPOD, Dr. Lawrence Sserwambala requesting to sign the Memorandum Of Understanding (MOU) to join the body reveals the limited understanding of the forum’s objectives. To them, it’s …