The Big Story

Umeme, UETCL Face off Over Estimated UGX 600 Billion Debt After Parliament Probe

Paul MurungiBanking & Financial ServicesCompany NewsThe Big StoryOctober 14, 2025October 23, 2025

The long-running standoff between Umeme and the Uganda Electricity Transmission Company Limited (UETCL) over a UGX 594 billion debt has once again thrown Uganda’s power sector into turmoil, exposing deep…

Court Grants Former Safeboda Director Green Light to Defend UGX 180 Million Loan Dispute with Ecobank

CEO East Africa MagazineThe Big StoryOctober 14, 2025October 23, 2025

The High Court’s Commercial Division has granted businessman Thomson Ricky Rapa unconditional leave to defend himself in a high-stakes loan dispute with Ecobank. The ruling spotlights the handling of insurance-linked…

Centenary, KCB and PostBank Dominate Agent Banking Recruitment as Transactions Hit UGX 29 Trillion-BoU Report

Paul MurungiBanking & Financial ServicesThe Big StoryOctober 14, 2025October 14, 2025

Uganda’s agent banking industry has entered a new phase with latest data from Bank of Uganda painting a picture of a sector in full bloom. As of June 2025, the…

Ugandan Banks Post Record UGX 1.9 Trillion Profit as Customer Deposits Surge to UGX 41.6 Trillion-BoU Report

Paul MurungiBanking & Financial ServicesThe Big StoryOctober 13, 2025October 13, 2025

Uganda’s banking sector has cemented its recovery and resilience, posting a record UGX 1.9 trillion net profit for the year ended June 2025.  This was a nearly an increase of…

COMESA Fines Diageo USD 750,000 for Unfair Distribution Deals in Uganda, Eswatini and Zambia

Paul MurungiEast AfricaManufacturing & IndustryTechnology & InnovationThe Big StoryOctober 13, 2025October 21, 2025

The Common Market for Eastern and Southern Africa (COMESA) Competition Commission has imposed a fine of USD 750,000 on global alcoholic beverages manufacturer Diageo Plc, the majority shareholder in East…

Cheque Transactions Drop by 3.6% as BoU Pushes for More Digital Payments

Paul MurungiBanking & Financial ServicesThe Big StoryOctober 13, 2025October 21, 2025

Payments through cheques in Uganda’s financial eco-system continues to decline as Bank of Uganda (BoU) intensifies efforts to promote digital and electronic payments. Latest data from the central bank shows…

BoU Report: Cash Still Rules, but Digital Payments Are Catching Up

Paul MurungiThe Big StoryOctober 13, 2025October 21, 2025

Despite the steady rise of mobile money, fintechs, and online banking, cash continues to dominate Uganda’s payment landscape.  Bank of Uganda (BoU), in its latest currency and payment systems report,…

Global Industrialists, The Billionaire Oswal Family, Demand Justice After Legal Ordeal In Uganda

Muhereza KyamuteteraThe Big StoryOctober 10, 2025October 17, 2025

The billionaire Oswal family, long regarded as global investors with deep ties to Uganda, has vowed to pursue every legal avenue after enduring what they describe as an “unprecedented miscarriage…

UGX88.1 billion Remains Unclaimed at BoU in Dormant Mobile Money Accounts

CEO East Africa MagazineThe Big StoryOctober 10, 2025October 17, 2025

At least UGX 88.1 billion remains unclaimed in closed mobile money and other e-money accounts, a Bank of Uganda report shows. The money, which is currently held Bank of Uganda…

Preaching Water, Drinking Wine: Bank of Uganda’s Nearly Interest-Free Long-Term Staff Loans Raise Eyebrows

CEO ReporterBanking & Financial ServicesThe Big StoryOctober 10, 2025October 17, 2025

As the rest of Uganda chokes on expensive credit, with commercial bank lending rates hovering between 18 and 20 percent, staff at the Bank of Uganda (BoU) are enjoying the…