The experts said individual countries cannot effectively tackle money laundering, fraud, terrorism financing and other financial crimes without coordinated efforts, as criminal networks increasingly operate across national borders and exploit gaps in financial intelligence systems.
The initiative dubbed the Revolving Economic Empowerment Fund (REEF) seeks to strengthen Islamic financing and expand access to affordable loans for small businesses, especially among vulnerable communities in Uganda.
The Swiss Coffee Festival is Switzerland's largest coffee trade fair, attracting approximately 5,500 attendees and featuring 78 exhibition stands.
Ofwono, who will be the keynote speaker at the November 21 forum taking place next week, is expected to draw from her nearly three decades of entrepreneurial experience, highlighting the importance of business knowledge, mentorship, networking, continuous learning and strategic planning.
Traders said thin hard currency supply kept the local unit under slight pressure, resulting in a modest depreciation over the session. The USD/UGX pair closed at 4095/4105, compared to yesterday's close of 4080/4090.
The Speaker said the responsibility for this change lies with legislators, urging his audience to use their legislative, budgetary and oversight powers to improve accountability in the management of Africa's natural resources.
“When approving architectural plans of these buildings, the basements were supposed to be parking, but people turned them into shops,” ICT and National Guidance Minister Justine Kasule Lumumba told the press at the Uganda Media Centre in Kampala on Tuesday (November 10).
Hakim Mulema, an economic policy analyst at HLM Ventures Limited, said Uganda has a significant informal economic segment comprising people earning through small businesses, self-employment and casual work but remaining largely outside formal employment structures.
“There are reports of collusion through undervaluation and misdeclaration, which should be stopped to close revenue gaps associated with the importation of goods. These reports of smuggling with impunity must stop immediately,” Musinguzi said.
Sponsored by Vision Group, Enterprise Uganda, Uganda Revenue Authority (URA), the Ministry of Finance, Planning and Economic Development, Centenary Bank and Pearl Bank, the Pakasa Forum will be held under the theme: Opportunities and Ideas for Growing Businesses.
“The bank undertook a comprehensive review of the said transactions and documentation that you provided and can now report as follows; The receipts and cheque leaves that were purported to be from Stanbic Bank Uganda were forgeries, not issued by Stanbic Bank; while you are advised that the funds related to gold transaction, bank records show the 11 transferrers as ‘money to family’ and two were described as goods and services,” Nkamwesiga said.
Ayota explained that the August proposal had been conditional on obtaining the necessary approvals, but further consultations strengthened the fund’s preference to retain its property. “Our feedback to Mr Nzeyi was we need to keep our land. So that’s where we are in terms of the discussions that went through,” he said. Martin Muzaale (Buzaaya county) welcomed the change, saying NSSF should retain land it had paid for rather than consider alternative arrangements.
“Telecommunications companies must be transparent about how data bundles are consumed, how long they remain valid and what happens to unused balances. A customer should be able to understand exactly what they are paying for and what they are receiving in return,” Tana said.
Kenya is targeting a 16.8% increase in tourist arrivals from the UK in 2026, seeking 199,645 visitors through expanded marketing, digital campaigns and travel trade partnerships showcased at WTM London.
An intelligence unit is only as strong as the trust it commands. Trust, after all, is the currency of intelligence cooperation, writes Barigye Cyrus Kagongi
Tea farmers and industry stakeholders have urged Parliament to ensure the proposed National Tea Bill addresses challenges across the entire value chain, including low productivity, poor-quality tea, farmer support and fair pricing. They have also cautioned against excessive penalties and restrictive provisions, calling for wider consultations before the law is enacted.
The matter came before the House on Tuesday, November 3, after Karim Masaba, the Industrial Division Mbale City MP, raised concerns that URA was demanding additional taxes from oil marketing companies and sugar traders for transactions conducted between July 1 and August 28, 2026, before the Excise Duty (Amendment) Act, 2026 was assented to and published in the Uganda Gazette.
“During the first month, Dr Michael and I simply enjoyed Uganda and got to know Mutabaali, our new business partner. During the day, Dr Michael and I worked on various tasks needed to support my charity work. In the evenings and on weekends, we spent time with Mutabaali. The deception regarding the business venture started in October, after Jonas arrived in Uganda to begin paying the regulatory taxes and organising the 10kg gold shipment from Uganda to Dubai in the UAE,” she says.
Binance is the world's largest crypto exchange by daily trading volumes. News of the hacking attack, which is thought to be the biggest-ever crypto heist, caused the prices of most major cryptocurrencies to fall sharply on Friday.
“We need electricity. We want an economy which produces competitive products that can compete globally. That means the price of electricity must not be too high,” Museveni stated. Electricity infrastructure, he said, could be developed by either the government or private investors with patient capital.