Stanbic Bank
Stanbic Bank
18.5 C
Kampala
Stanbic Bank
Stanbic Bank
Home Blog Page 2

Former Kilak North Parliamentary aspirant remanded over Shs17.1m fraud

Symbol of Justice

March 5, 2026-Gulu-The former Kilak North parliamentary aspirant, Christopher Ojera, has been arrested and remanded to prison over allegations of obtaining Shs17.1 million from a businesswoman by false pretences.
Ojera appeared before the Gulu Chief Magistrate’s Court, where he was formally charged with obtaining money by false pretences. Prosecution alleges that the accused fraudulently obtained the money from a businesswoman after making promises he allegedly failed to fulfill.
According to the prosecution, Ojera convinced the complainant to hand over the money under the pretext that he would facilitate a business-related arrangement. However, it is alleged that after receiving the funds, he failed to deliver on the promises and instead used the money for personal purposes.
The court heard that the complainant later reported the matter to authorities after repeated attempts to recover her money proved unsuccessful.
Ojera denied the allegations during his appearance in court. However, the presiding magistrate ordered that he be remanded to prison as investigations into the case continue.
The case was adjourned to a later date when Ojera is expected to reappear in court for further proceedings.
If convicted, Ojera could face a custodial sentence under Uganda’s Penal Code for the offence of obtaining money by false pretences.
Authorities say investigations into the matter are ongoing.

Stories Continues after ad

Court sets March 18 to rule on Agasirwe bail application in Kagezi murder case

Mr Nickson Agasirwe, surrounded by Prison warders.

The Criminal Division of the High Court in Kampala has set March 18, 2026, as the date to rule on the bail application filed by former Special Investigations Unit (SIU) commandant, Nickson Agasirwe Karuhanga, who is facing charges related to the murder of Assistant Director of Public Prosecutions Joan Namazzi Kagezi.
Presiding over the matter on Thursday, Justice Isaac Muwata confirmed that both the defence team representing Agasirwe and the prosecution had already filed their written submissions before the court through the Electronic Court Case Management Information System (ECCMIS), the judiciary’s online platform for filing and managing cases.
Chief State Attorney Richard Birivumbuka, who is representing the state in the matter, was not present in court during the session. Through the court, Birivumbuka requested that the matter be adjourned to allow him time to appear, citing other prosecutorial engagements in a separate court.
However, Justice Muwata declined the request, noting that the court had already received all the necessary submissions required to determine the bail application.
The judge explained that since both parties had duly filed their arguments on the ECCMIS platform, there was no need to delay proceedings further.
“All the relevant submissions required for the court to determine the application are already on record through the ECCMIS system,” Justice Muwata noted, before fixing March 18 as the date for delivering the ruling.
Agasirwe is currently on remand as he awaits the court’s decision on whether he will be granted temporary release on bail while the trial proceeds.
He is accused of participating in the murder of senior prosecutor Joan Kagezi, who was gunned down by unknown assailants in March 2015 in Kiwatule, a Kampala suburb, as she returned home from work.
Kagezi had been a key prosecutor handling several high-profile cases, including terrorism-related trials linked to the 2010 Kampala bombings.
The court’s upcoming ruling on Agasirwe’s bail application is expected to determine whether the former senior police officer will remain in custody or be released under strict conditions as the case continues before the High Court.

Stories Continues after ad

Gov’t warns of floods, landslides as Uganda enters March-May rainy season

Flooded streets of Kampala.

The Government of Uganda, through the Office of the Prime Minister, has cautioned that several parts of the country could face flooding, landslides, and disease outbreaks during the March to May 2026 rainy season, urging communities and local authorities to strengthen preparedness measures.

In a press briefing released by the Office of the Prime Minister following the seasonal forecast by the Ministry of Water and Environment, officials said most regions are expected to receive near-average rainfall, although some areas may experience heavier rains.

“According to the March–April–May 2026 seasonal forecast, most parts of the country are expected to receive near-average rainfall. However, the Northwestern region, areas around Lake Victoria and parts of the Eastern region are likely to experience near-average to above-average rainfall during this period,” the statement said.

The forecast further indicates that the country will likely experience warmer-than-normal temperatures throughout the season.

Government officials explained that regions including West Nile, Lango, Rwenzori and Kigezi, as well as parts of Acholi, Bugisu, Bukedi and Teso, are expected to record near-to-above-average rainfall. Other regions such as Ankole, Karamoja and sections of Busoga, Bunyoro and Buganda are projected to receive rainfall within the near-average range.

Authorities warned that the expected weather conditions could trigger a range of disasters across the country.

“Flooding and waterlogging are likely to occur in low-lying areas and on the lower slopes of Mount Elgon, potentially affecting districts such as Butaleja, Rubanda, Kisoro, Amuru, Obongi, Pakwach, Kayunga, Kalungu, Rakai, Kitgum, Otuke, Lamwo, Serere, Bukedea and Kasese,” the statement noted.

The government added that flash floods could also occur in urban areas including Kampala, disrupting transport networks and business operations.

The highland areas of Mount Elgon, the Rwenzori region and Kigezi may also face landslides, mudslides and soil erosion as rainfall intensifies.

“Hailstorms and strong winds are also expected at the onset of the rains and may affect districts including Kibaale, Sembabule, Ibanda, Buvuma, Kalangala, Bukomansimbi, Isingiro, Mbarara, Mitooma and Tororo,” the government warned.

Officials also raised concern about possible increases in livestock diseases and crop pests such as the Fall Army Worm, which could affect agricultural productivity during the season.

Public health risks are also expected to rise, with authorities warning of potential outbreaks of waterborne diseases including cholera, typhoid, dysentery and malaria if preventive measures are not taken.

“Increased lightning strikes are also anticipated in high-risk districts such as Kisoro, Lamwo, Bushenyi, Ntungamo, Nwoya, Amuru, Busia and Bugiri,” the statement added.

To mitigate the potential impact of the rains, government said it has already initiated several preparedness measures across vulnerable regions.

These include the registration of households and acquisition of land for resettlement of communities at high risk of landslides in the Elgon sub-region, dissemination of the seasonal weather forecast at regional level, and strengthening community disaster management capacity in partnership with the Uganda Red Cross Society.

Authorities also said relief food has been procured for communities likely to be affected during the rainy season while early warning information is being disseminated through the media.

The government has urged local leaders and communities to remain vigilant and take precautionary steps to reduce potential losses.

“We urge city, district and urban authorities to activate contingency plans for hotspot locations and improve stormwater drainage systems by clearing urban drainage channels, especially in flood-prone areas,” the statement said.

The office emphasized that timely preparedness by communities, local governments, and humanitarian agencies will be key to reducing the impact of disasters during the upcoming rainy season.

Stories Continues after ad

National Lotteries and Gaming Board strengthens technical capacity through NCEMS training in Slovenia

The National Lotteries and Gaming Regulatory Board (NLGRB) has undertaken a specialised training programme aimed at strengthening the technical capacity of its staff to manage modern digital monitoring systems within the gaming sector.

A joint information technology delegation from NLGRB and the National Information Technology Authority-Uganda (NITA-U) is currently in Ljubljana, Slovenia, participating in hands-on technical training on the National Central Electronic Monitoring System (NCEMS).

The programme is designed to equip the team with the practical skills required to effectively manage and support the electronic monitoring platform, which plays a key role in regulating and overseeing gaming operations.

“A joint IT delegation from NLGRB and NITA-U is in Ljubljana, Slovenia for hands-on technical training on the National Central Electronic Monitoring System (NCEMS),”the board said.

During the training sessions, the delegation is working closely with a consultant who is providing practical demonstrations and detailed technical guidance on how the system operates.

“During the sessions, the team is working closely with the consultant by receiving practical demonstrations and technical guidance on how the system operates, including its structure, integration and daily operational processes,” NLGRB noted.

Officials say the programme is intended to strengthen internal expertise and ensure staff are fully prepared to operate and support advanced digital regulatory systems.

“This programme reflects NLGRB’s ongoing efforts to strengthen our team’s technical skills, ensuring staff are well prepared to manage and support modern digital systems that improve efficiency and service delivery,” the board added.

The National Central Electronic Monitoring System is expected to enhance oversight of gaming activities through improved monitoring, transparency, and compliance across the sector.

Stories Continues after ad

Speke Resort Munyonyo trains staff on workplace ethics and professional conduct

Employees of Speke Resort Munyonyo undergoing workplace ethics, professionalism, and accountability as part of efforts to promote a better organizational culture within the hospitality facility.

The management at Speke Resort Munyonyo has conducted a staff training session focused on strengthening workplace ethics, professionalism, and accountability as part of efforts to promote a better organizational culture within the hospitality facility.

The training brought together several employees from different departments at the lakeside resort located in Munyonyo, where they were guided on the company’s code of conduct and the importance of maintaining high professional standards while delivering services to guests.

According to management, the initiative forms part of the resort’s broader commitment to employee development and improving service delivery across its operations.

“As part of our commitment to employee development and organizational excellence, our team participated in a training session on company code of conduct and ethics,” management said.

Officials noted that the session aimed at reinforcing values that guide staff behaviour in the workplace, particularly in areas such as integrity, teamwork and accountability.

“The session aimed at strengthening workplace professionalism, promoting accountability, and ensuring every employee upholds the values that define our organizational culture,” management explained.

The training also emphasized the role of ethical conduct in maintaining the reputation of the hospitality industry, where staff interaction with guests and partners plays a key role in shaping service quality and customer experience.

Speke Resort Munyonyo is the leading hospitality destination and regularly organizes staff development programmes to enhance skills and ensure employees align with international service standards in the tourism and hospitality sector.

Stories Continues after ad

Kiira Motors secures $250m electric bus export deal with South Africa

Kiira Motors buses.

Uganda’s automotive industry has registered a historic breakthrough after Kiira Motors Corporation clinched a $250 million contract to supply 820 electric buses to South Africa.

The agreement positions the government-backed manufacturer at the forefront of Africa’s electric mobility transition and signals growing international confidence in Uganda’s industrial capabilities. 

The announcement was made by the Minister of Science, Technology, and Innovation, Monica Musenero Masanza, who revealed that contracts had already been signed following months of negotiations.

According to the minister, the deal was bolstered by a successful 7,125-kilometre demonstration journey undertaken last year from Kampala to Cape Town, which showcased the reliability and endurance of Kiira’s electric buses across diverse terrains and weather conditions.

To execute the order within the agreed timelines of six to 12 months, the government is mobilizing an additional $143 million to ramp up production at the Kiira Vehicle Plant. The 100-acre facility in Jinja currently has the capacity to assemble 9 buses per day, with plans to scale up to 22 units daily to meet rising demand.

While Kiira Motors has made strides in strengthening local manufacturing, some inputs such as automotive grade steel and specialised components are still imported to meet global standards. However, the company is intensifying efforts to deepen localisation of its supply chain.

The South African contract forms part of Kiira’s broader ambition to manufacture 30,000 buses for regional markets by 2030. The corporation is working closely with strategic partners, including Chinese automotive technology firm Golden Dragon, to increase local content in its vehicles to at least 65 percent within the next four years.

Beyond the export market, Musenero disclosed that local transport operators have expressed interest in acquiring thousands of electric buses, a sign that Uganda’s domestic transport sector is gradually embracing clean energy solutions.

She noted that producing the buses locally reduces reliance on imports, preserves foreign exchange, and creates skilled industrial jobs. 

The deal, she added, demonstrates that Uganda is steadily building the capacity to compete in advanced manufacturing while contributing to the continent’s green transition.

Stories Continues after ad

URSB secures prestigious ISO certification in service delivery boost

URSB Board Chair, Francis Butagira.

The Uganda Registration Services Bureau has been awarded the globally recognized ISO 9001:2015 Quality Management System certification, an endorsement of its commitment to high standards, efficiency, and professional service delivery.

The announcement was marked by a ceremony at the Uganda Business Facilitation Centre Auditorium in Kampala, drawing senior government officials, board members, management, staff, and key stakeholders. The event was widely described as a landmark in the Bureau’s ongoing institutional reforms.

Officiating at the celebration, Theopista Mary Wenene, Deputy Head of Public Service and Deputy Secretary to Cabinet, praised the Bureau for demonstrating that public institutions can successfully embrace reform and modern management systems.

“URSB exemplifies how government institutions can drive transformation through strong systems, accountability, and results-oriented leadership. This certification signals not just compliance with global standards, but a deep institutional commitment to efficiency, transparency, and citizen-centred service delivery, ”she said.

Board Chairperson Francis K. Butagira attributed the achievement to deliberate governance improvements and focused strategic direction. He noted that the certification did not come by chance, but through consistent oversight and structured performance management.

“Sustainable excellence does not happen by chance,” Butagira remarked. 

He added,“It requires structured systems, disciplined processes, and measurable performance. This certification validates the strategic direction we have taken as a Board and affirms that URSB is firmly on the path of institutional strength and credibility.”

Registrar General Mercy K. Kainobwisho described the recognition as both a milestone and a call to greater responsibility. She emphasized that ISO 9001:2015 provides a framework that promotes continuous improvement across all levels of the organization.

“ISO 9001:2015 provides a powerful framework for continuous improvement. It strengthens our resolve to deliver faster, standardized, and more reliable services. More importantly, it embeds a culture of quality across every level of our operations,”she said.

ISO 9001:2015 is an internationally accepted standard for quality management systems, focusing on customer satisfaction, operational efficiency, risk-based thinking, and sustained improvement.

For URSB, the certification goes beyond international recognition. It shows a renewed commitment to sound governance, improved performance, and better client experiences in business registration and intellectual property services. As the Bureau advances into this new phase, it has reaffirmed its pledge to place quality at the centre of its mandate, supporting Uganda’s economic growth through transparent and dependable registration services.

Stories Continues after ad

Speke Resort Munyonyo hosts national trade review as Gen Mbadi rallies stakeholders on $500b growth vision

Delegates at the National Trade Review Conference 2026 held at the Speke Resort Convention Centre, Munyonyo.

Uganda’s ambition to grow into a $500 billion economy by 2040 took center stage at the National Trade Review Conference 2026 held at the Speke Resort Convention Centre, Munyonyo, where the State Minister for Trade, Gen. Wilson Mbasu Mbadi, urged stakeholders to intensify efforts in driving trade-led growth and industrial transformation.

Addressing delegates under the theme “Trade-Driven Transformation: Propelling Uganda to a $500 billion economy by 2040,” Gen. Mbadi said the country’s trade and industrial reforms have laid a firm foundation for long-term structural change and prosperity.

He revealed that Uganda has registered historic export growth, with earnings surpassing $13.4 billion, alongside expanded industrial capacity across the country.

“Our trade and industrial reforms have established a strong base for achieving a $500 billion economy by 2040. The growth in exports and the expansion of industrial capacity demonstrate that Uganda is on the right trajectory,” Gen. Mbadi said.

The Minister credited strengthened quality and standards enforcement by the Uganda National Bureau of Standards for improving the competitiveness of Ugandan products in regional and international markets. He also pointed to enhanced export promotion initiatives spearheaded by the Uganda Export Promotion and Free Zones Authority as critical in widening market access for local producers.

Gen. Mbadi noted that Uganda has deepened regional trade diplomacy within the East African Community and the Common Market for Eastern and Southern Africa, while expanding access to strategic markets including the United Arab Emirates, the wider Middle East, China, and Europe.

He emphasised that the progress registered under the leadership of Yoweri Museveni, coupled with the strategic direction of the Minister of Trade, Industry and Cooperatives, has firmly positioned Uganda on the path toward structural transformation.

“The reforms we have undertaken are not isolated measures. They are part of a deliberate and coordinated strategy to drive industrialisation, expand exports and raise household incomes,”he said.

Gen. Mbadi urged participants to use the conference as a platform to reflect on achievements, strengthen coordination and accelerate implementation of the government’s Ten-Fold Growth Strategy.

He later invited the Minister of Trade, Industry and Cooperatives to deliver the official opening address, marking the next phase of discussions aimed at consolidating Uganda’s trade performance and fast-tracking its long-term economic ambitions.

Building on the Minister’s call for accelerated implementation, the conference also heard strong remarks from the Permanent Secretary in the Ministry of Trade, Industry and Cooperatives, Lynette Bagonza, who cautioned that Uganda’s long term ambitions must be anchored in real sector performance.

“A 500 billion dollar economy by 2040 will not be achieved by policy statements alone. It will be achieved by the strength of our industries, the productivity of our farmers and the ability of Ugandan goods to compete globally,” she said.

Bagonza pointed to macroeconomic stability as a critical enabler of trade expansion, noting that Uganda’s economy grew by 6.1 percent in the 2023/24 financial year, with inflation maintained within the 3 to 5 percent range and the fiscal deficit reduced to about 5 percent of GDP.

“These are important foundations. No country can expand trade sustainably without economic stability,”she said.

She highlighted the sharp rise in export earnings over the past five years, with exports growing from 4.5 billion dollars to 13.4 billion dollars. Imports also increased from 7.5 billion dollars to 15.7 billion dollars over the same period, a trend she said must be viewed in context.

“Most of our imports are machinery, fuel and raw materials. These are investments in Uganda’s future productive capacity, not simply consumption,”Bagonza explained.

On market distribution, she revealed that 38 percent of Uganda’s exports remain within Africa, underscoring the importance of regional trade. Beyond the continent, 26 percent of exports go to the Middle East, 20 percent to Asia and 13 percent to the European Union. More than 70 percent of Uganda’s manufactured goods, she added, are destined for regional markets.

Bagonza also placed Uganda’s performance within the broader global trade landscape. Global trade reached 33 trillion dollars in 2024, with services trade growing by 9 percent, outpacing trade in goods, while South South trade expanded by between 4 and 5 percent.

“For Uganda, these trends reinforce the importance of participating actively in regional and continental frameworks,” she said, urging policymakers and the private sector to position the country strategically within emerging global trade dynamics.

Stories Continues after ad

NSSF stake in MTN Uganda shoots to Shs1.23t in less than a month

MTN-Uganda board chairman, Charles Mbire, and NSSF Managing Director, Patrick Ayota.

MTN Uganda’s strong rally on the Uganda Securities Exchange (USE) continues to create significant wealth for its largest local shareholders, with the telecom’s share price climbing steadily from Shs312 in November 2025 to Shs428 in February 2026, and now reaching Shs470 in March. 

The steady upward movement reflects sustained investor confidence in one of the most dominant counters on the local bourse. 

From Shs312 to Shs428 

Between November and early February, MTN Uganda’s share price rose by Shs116, moving from Shs312 to Shs428.  

That initial surge delivered substantial gains for major shareholders, including the National Social Security Fund (NSSF) and businessman Charles Mbire. 

From Shs428 to Shs470 

The rally did not stop there. By March, the share price had climbed further to Shs470, extending the bullish run and reinforcing MTN Uganda’s position as one of the strongest-performing stocks on the USE. 

Total Gain Since November: Shs158 Per Share 

Overall, the stock has gained Shs158 per share from November’s Shs312 to the current Shs470 — a remarkable appreciation in just a few months. 

NSSF’s Stake Surges Above Shs1.236 trillion

NSSF, which holds a 10.7 percent stake equivalent to 2,629,607,810 shares, has seen the value of its investment rise sharply alongside the stock. 

At the current price of Shs470 per share, the Fund’s total MTN Uganda holding is now valued at: Shs1,235,915,713,700 (approximately $347.12 million) 

From November’s Shs312 to March’s Shs470, the Shs158 increase per share has generated a total gain of: Shs415,478,034,980 (approximately $116.96 million) 

The development pushes NSSF’s MTN investment firmly above Shs1.236 trillion, strengthening its standing as the telecom’s largest local institutional shareholder. 

*Mbire’s stake Climbs to Nearly $118 Million* 

MTN Uganda board chairman Charles Mbire, who owns a 4 percent stake amounting to 895,561,810 shares, has equally benefited from the rally. 

At Shs470 per share, the total value of his stake now stands at: Shs420,392,050,700 (approximately $117.97 million) 

The Shs158 per share gain since November has increased the value of Mbire’s holding by: Shs141,498,765,980 (approximately $39.74 million) 

*Strong Momentum on the USE* 

The rise from Shs312 in November to Shs470 in March underscores MTN Uganda’s growing strength on the USE. For both institutional investors like NSSF and influential shareholders such as Mbire, the sustained rally highlights how quickly value can expand when market confidence remains strong.

Stories Continues after ad

Uganda, DRC accelerate strategic cross border road project linking Mpondwe, Beni and Butembo

Dott Services is constructing DRC roads.

Uganda and the Democratic Republic of Congo have renewed joint supervision and technical engagement on the strategic Mpondwe–Kasindi to Beni and Beni to Butembo road corridor in order to improve trade and connectivity between the two neighbouring states.

A high-level delegation from Uganda’s Ministry of Works and Transport, led by Ambassador Farid Kaliisa, this week commenced an on-ground inspection of the phased regional road project, beginning at the Mpondwe–Kasindi border and proceeding into North Kivu Province. The mission culminated in a final briefing and high-level engagement with North Kivu Governor, H.E. Evariste Somo Kakule, to assess progress and address emerging implementation challenges.

The project is anchored in commitments made under the Common Market for Eastern and Southern Africa, where both Uganda and the Democratic Republic of Congo are member states. Under the regional framework, the two countries pledged to promote joint development, raise living standards, foster closer relations, and create an enabling environment for cross-border and domestic investment.

In line with these commitments, Kampala and Kinshasa agreed to jointly construct and upgrade key roads linking the two countries to ease business movement, strengthen people to people connectivity, enhance security cooperation and expand trade and investment opportunities in the wider region.

Two corridors were designated as priority projects. These include the 133 kilometre Mpondwe–Kasindi–Beni–Butembo road and the 89 kilometre Bunagana–Rutshuru–Goma road.

The 80-kilometre Mpondwe–Kasindi to Beni stretch begins at the Uganda–DRC border in North Kivu Province. On the Ugandan side, it connects to the Kikorongo–Bwera–Mpondwe highway, a paved route that is scheduled for rehabilitation. The Government of Uganda funded the construction of the Mpondwe–Kasindi Bridge, which is now substantially complete and expected to further streamline cross-border movement.

At Beni, the road links to the vital Beni–Komanda–Kisangani corridor. Contractors, including DOTT Services, have already established significant earthworks along sections of the route and identified sources for asphalt as works progress towards upgrading the road to bituminous standard.

The second section, covering 54 kilometres from Beni to Butembo, connects two of North Kivu’s major commercial centres, both home to vibrant markets and airports. At Butembo, the road joins the Butembo–Goma main corridor, reinforcing its strategic importance in linking eastern DRC to Uganda and the broader region.

Officials said the phased design and build approach prioritises emergency interventions to ease the movement of goods and traffic. The broader programme provides for upgrading 223 kilometres of roads to all weather gravel standard, complete with proper drainage systems and associated bridges designed to support staged construction.

Delegates from both countries have since convened at the Commonwealth Convention Centre in Munyonyo, Kampala, for further technical follow up meetings aimed at identifying bottlenecks and conducting a comprehensive situation analysis of progress made so far.

The upgraded corridors are meant to reduce transport costs, improve trade flows, strengthen security coordination and deepen economic integration between Uganda and the Democratic Republic of Congo, cementing the two countries’ growing infrastructure partnership.

Stories Continues after ad