News
Uganda Central Bank Hack Confirmed; Official Minimizes Reported Losses
A senior Ugandan finance ministry official has confirmed a cyberattack on the country’s central bank accounts, though he disputed claims about the scale ...
Regulatory
Uganda: MTN Uganda in $70.9 Million Tax Dispute with Ugandan Tax Authority
MTN Uganda is embroiled in a tax dispute with the Uganda Revenue Authority (URA) over an alleged Shs 260 billion ($70.9 million) in ...
News
Uganda Plans Large-scale Biometric Registration for National ID Program
Uganda’s National Identification and Registration Authority (NIRA) is set to embark on a major national ID enrollment and renewal campaign beginning in October ...
Regulatory
Uganda: CanalBox Introduces High-Speed Fibre Optic Internet Services in Uganda
CanalBox, a leading provider of fibre optic Internet solutions, has launched its new broadband services in Uganda, promising a faster and more reliable ...
Regulatory
Uganda Reiterates Ban on Using National ID Cards as Loan Collateral
Uganda’s Minister of Information, Communications Technology, and National Guidance, Chris Baryomunsi, has issued a stern warning against the illegal practice of money lenders ...
Regulatory
Uganda Implements ID Verification for High-Value Digital Transactions Amid Rise in Mobile Money Fraud
Amid a surge in digital payments fraud and scams, the Bank of Uganda has issued a directive mandating compulsory ID verification for all ...
News
Bank of Uganda Liquidates EFC Uganda and Revokes License
The Bank of Uganda has taken decisive action by liquidating and revoking the license of Entrepreneurs Financial Center (EFC) Uganda, leading to its ...
News
Uganda: Access Bank to Acquire 80% Stake in Ugandan Finance Trust Bank
Access Bank, a flagship subsidiary of Access Holdings Plc, has initiated a transaction to acquire a majority equity stake, approximately 80%, in Uganda-based ...
Regulatory
Uganda: NIRA Issues Warning Against Using National IDs as Loan Security
The National Identification and Registration Authority (NIRA) in Uganda has issued a stern warning to both Ugandans and participants in the money lending ...
News
Uganda: Fitch Ratings Maintains Uganda’s ‘B+’ Rating with Negative Outlook
Fitch Ratings has reaffirmed Uganda’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a negative outlook, driven by expectations of a 5.3% ...