The dispute now places Tooro at a delicate crossroads between customary authority and Uganda’s legal framework. Omusuuga Kamurasi has called for respect for tradition and the law, while President Museveni has called for peace and unity among the Batooro.
On commercial diplomacy, the United States is shifting assistance toward private-sector-led growth, including efforts with Australia, Japan, New Zealand and Taiwan to connect every Pacific Islands Forum country to a trusted undersea cable network. A second Pacific Investment Summit is scheduled to be hosted in early 2027.
Fraud threatens the continuity of financial institutions, could lead to the loss of their capital, and undermines the integration of the financial system.
The gold will be bought by the local mining companies and refined to a minimum of 99.5% purity levels before being turned into administrative monetary gold.
“All creditors are requested to submit their claims to the office of the Director, Financial Stability, and Bank of Uganda within 30 days from the date the statement was issued, and any person possessing property of Mercantile Credit Bank Limited should deliver it to the director, Finance and Stability, Bank of Uganda.”