Banking
Government Plans to Impose Taxes on Loans: Experts Issue Dire Warning
The Ugandan banking sector is on edge following a government plan to impose taxes on loans. The proposed tax would…
Uganda’s Loans’ Burden: 750 Properties and 1,123 Cars Sold to Settle Debts
A recent study conducted by the local media house over a three-month period has revealed that many individuals and businesses…
Government Targets Banks, Land Lords in Tax Revenue Collection
The Finance ministry in Uganda has directed the Uganda Revenue Authority (URA) to urgently address declining revenue and high staff…
Ugandans Embrace “Mattress Banking”: Survey Finds 44% Keep Cash at Home
More and more Ugandans are choosing to stash their hard-earned cash under their beds, a recent survey has unveiled, in…
Scandal Deepens: Three Additional Suspects Remanded in Equity Bank Fraud Case
Three additional individuals, including a former employee of Equity Bank, found themselves remanded in connection with a purported fraud scandal…
KCB Bank Uganda Collaborates with Kyambogo Run Organizers for Fitness Event
KCB Bank Uganda has joined hands with the organizers of the annual Kyambogo Ultra Challenge Run to provide Ugandans with…
