Financial Crimes Archives

THE THIEF WITHIN: Who is Stealing from Ugandan Companies?

CEO East Africa MagazineIndustry & Analysis The Big StoryFebruary 25, 2025February 25, 2025

Uganda is experiencing an economic crime crisis, with businesses and individuals losing over USD 272 million (UGX 1.02 trillion) in 2024 due to fraud, cybercrime, and financial misconduct. This represents…

Ugandans and businesses in 2024 lost USD272 mn in economic crimes; cybercrime, bank, and fraud double

CEO East Africa MagazineNews & Analysis The Big StoryFebruary 25, 2025February 25, 2025

Even though the number of financial and economic crimes rose mildly, by 1.6%, from 12,924 cases in 2023 to 13,132 cases in 2024, the severity and amount of money lost…

Bank of Uganda Deputy Governor shares a snapshot of Uganda’s economy in 2024- and the future ahead

Paul MurungiThought LeadershipJanuary 6, 2025January 6, 2025

Navigating inflationary waters Bank of Uganda Deputy Governor, Micheal Atingi- Ego shares the story of Uganda’s monetary policy in 2024, which he says was one of cautious optimism and strategic…

SPECIAL REPORT: Inside the multi-billion shilling financial fraud hydra in Uganda’s financial industry and the industry-wide ambitious proposals to cut off its many heads

Muhereza KyamuteteraFinance Industry & Analysis The Big Story Women In LeadershipApril 17, 2023April 30, 2023

On the evening of Friday, 09th September 2018, unknown persons hacked the mobile money float accounts of a payments aggregator company called Beyonic Ltd and originated payments amounting to UGX2,617,761,200….