The Bank of Uganda is the country’s central bank. In November 2024, there was a heist at the bank. Initial reports suggested a cyberattack by hackers, but subsequent investigations and reports suggested an inside job. In a statement on its website, the bank said there was “fraudulent activity that resulted in international payments being diverted… Read More »
In December 2023, a lady who runs a makeup business in Nairobi posted online about how her now-former employees had been stealing from her company. She said it was well-planned theft and the group had stolen millions of shillings in one year alone. The employees would tell clients that the official mobile money number was… Read More »
In November 2024, the United States Attorney for the District of Connecticut announced that a man named Evan Bobzin was sentenced to 24 months of imprisonment, followed by three years of supervised release, for theft and tax offences related to stolen money totalling about 2 million US dollars. It was stated that from July 2013… Read More »