Seven Ugandan parliamentary staff members have been committed to the High Court to face trial for embezzlement, causing financial loss, and money laundering. The charges involve the alleged misappropriation of 70 billion shillings, marking a significant development in the ongoing legal proceedings against officials within the legislative body.
Seven Ugandan parliamentary staff members have been committed to the High Court to stand trial for embezzlement, causing financial loss, and money laundering. The charges relate to the alleged misappropriation of 70 billion shillings, marking a significant development in the ongoing legal proceedings involving the legislative body's administrative personnel.
The Ugandan government has officially authorized Econetix to manage carbon assets totaling 10 million tonnes of CO2 equivalent. This landmark approval represents a major step in the development of Uganda's national carbon market and its commitment to international climate goals.
MTN Uganda has announced a significant financial milestone for the first half of 2026, reporting a 37.7% increase in profit to 367.5 billion shillings. The growth reflects the company's sustained expansion in the Ugandan telecommunications market and strong demand for its digital and financial services.
The state-owned Uganda Development Bank (UDB) plans to raise $500 million in debt from international capital markets over four years. This initiative aims to boost lending to critical sectors such as mining, energy, and manufacturing, with the first tranche of $100 million to $150 million expected as early as next year. The move is part of Uganda's broader economic development strategy.
