RED FLAG! Shareholders worried as MTN moves to restructure MoMo services

MTN Uganda's mobile money restructuring faces "red flag" warnings from shareholders and a former partner alleging deceit and undisclosed liabilities. ...

Pride Bank Limited officials pose with their awards in Kampala, Uganda. The bank was recently recognized by the Bank of Uganda as First Runner-Up for its leading agricultural and small business credit solutions.

Bank of Uganda recognizes Pride Bank’s credit solutions

by Ronald Mayega | Reporter

12/06/2025

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Pride Bank Limited officials pose with their awards in Kampala, Uganda. The bank was recently recognized by the Bank of ...

Fitch Downgrades Afreximbank to ‘BBB-‘; Outlook Negative

by MANFRED TUMUSIIME | UG STANDARD REPORTER

10/06/2025

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FRANKFURT AM MAIN, Germany – Fitch Ratings announced Wednesday it has downgraded the African Export-Import Bank's (Afreximbank) Long-Term Issuer Default ...

Whistleblower Alleges Money Laundering, Unregulated Lending Against Equity Bank

by Julian Ninsiima | Reporter

08/06/2025

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Equity Bank Uganda's headquarters in Kampala, now at the center of a multi-billion fraud scandal. Allegations of a fake gold ...

According to the report, Mobile Money wallets linked to mobile network operators had grown to 36.9 million, as of June, while 3.8 million were administered by licensed non-mobile network operator payment service providers.

Why families are struggling to access deceased’s mobile money, bank funds

by JOSEPH NSIMBI | UG STANDARD REPORTER

28/04/2025

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Billions of Ugandan shillings remain unclaimed in deceased individuals' mobile money and bank accounts due to complex legal processes. Experts ...

A Ugandan borrower counts out cash, highlighting the high cost of credit in the country, where exorbitant interest rates drive many to seek loans from unregulated lenders

Govt: All betting wins to be paid through Bank of Uganda

by JOSEPH NSIMBI | UG STANDARD REPORTER

07/04/2025

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The measure, introduced in the Tax Procedures Code (Amendment) Bill, 2025, aims to improve tax compliance and curb illicit financial ...

Blessed Riverstones Uganda Limited denies gold scam allegations, citing commitment to transparency and legitimacy in Uganda's mining sector

MALICIOUS AND UNFOUNDED! Ugandan mining firm Blessed Riverstones denies scam allegations

by Ronald Mayega | Reporter

28/03/2025

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Blessed Riverstones Uganda Limited denies gold scam allegations, citing commitment to transparency and legitimacy in Uganda's mining sector KAMPALA, Uganda — Blessed ...

South Sudan has emerged as a major market for Uganda's manufactured goods, including cement, sugar, fast-moving consumer goods, and cereals. These products are also exported to the DRC.

South Sudan surpasses Kenya as Uganda’s top export market

by Julian Ninsiima | Reporter

19/03/2025

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South Sudan has emerged as a major market for Uganda's manufactured goods, including cement, sugar, fast-moving consumer goods, and cereals. ...

Accountant General Lawrence Ssemakula speaks at an event, amidst ongoing Bank of Uganda heist controversy

Court to rule on bail for finance official in BOU 60bn shilling heist case

by JOSEPH NSIMBI | UG STANDARD REPORTER

17/03/2025

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Accountant General Lawrence Ssemakula speaks at an event, amidst ongoing Bank of Uganda heist controversy KAMPALA - A Ugandan court is ...

BANK OF UGANDA HEIST: Six finance officials freed on bail in UGX 60 billion scandal

by OUR REPORTER | UG STANDARD

03/03/2025

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Accountant General Lawrence Ssemakula speaks at an event, amidst ongoing Bank of Uganda heist controversy The High Court's Anti-Corruption Division has ...

Tag: Bank of Uganda