February 9, 2025 - 23:29

A Ugandan court on Wednesday charged nine senior officials from the Ministry of Finance, Planning, and Economic Development with serious allegations of corruption, electronic fraud, and money laundering. The charges stem from an extensive investigation into a hacking incident that compromised the operations of the central bank.
The officials are accused of facilitating unauthorized access to sensitive financial data, which resulted in significant financial losses for the state. Prosecutors allege that these individuals exploited their positions to orchestrate schemes that defrauded the government and misappropriated public funds.
This case highlights the growing concerns over corruption within Uganda's financial institutions and the need for greater accountability among public officials. The court proceedings have drawn significant public attention, as many citizens demand transparency and justice in the wake of the alleged misconduct. As the legal process unfolds, the implications of this case could have far-reaching effects on governance and trust in Uganda's financial systems.
January 31, 2026 - 02:31
Senate passes funding deal but a partial government shutdown is on tap for this weekendThe U.S. Senate has successfully passed a short-term funding package, a critical step toward maintaining federal operations. However, the threat of a partial government shutdown beginning this...
January 30, 2026 - 18:27
Onity Group Announces Closing of $200 Million Senior Notes OfferingWEST PALM BEACH, Fla., Jan. 30, 2026 – Onity Group Inc. has successfully completed a significant debt offering, raising $200 million in capital. The transaction was finalized through the...
January 30, 2026 - 11:29
In Graphic Detail: The puny nature of regulatory fines compared to Big Tech’s financial prowessGovernments worldwide are increasingly wielding regulatory fines against technology giants for various infractions, from antitrust violations to data privacy breaches. However, a stark comparison...
January 29, 2026 - 23:05
German Finance Minister Calls for Discriminatory Taxes on Large U.S. Tech Firms - Americans for Tax ReformGerman Finance Minister Lars Klingbeil has called for the implementation of a new digital services tax aimed squarely at large international technology corporations. The proposal, outlined in a...