A major controversy has erupted after revelations that Parliament initially approved USD 190 million for the Umeme buyout, despite the actual cost being USD 127 million.The shocking disclosure was made by Jonan Ki
Kampala, Uganda – The Court of Appeal has directed the appointed receiver to audit and sell Emerald Hotel in Kampala within six months under court supervision.This decision overturns a prior High Court judgment
Big changes are happening in Uganda’s electricity sector as UMEME’s 20-year concession officially comes to an end on March 31. With this shift, many people have been concerned about what will happen to UMEME workers.
A shocking video has emerged of a Centenary Bank staff member, identified as Bernard, reporting to work in a drunken state.The video, which has been circulating on social media, shows Bernard slumped over his desk
Several Ugandan ministers have amassed significant wealth, allowing them to own multi-million dollar homes abroad. These luxurious properties reflect their status and success, often sparking public interest and scrutiny.One notable example is Captain George Mike Mukula, the National Resist
Ugandan businessman and investor Charles Mbire has emerged as one of the country’s highest individual taxpayers, with a staggering UGX 5.4 million deducted daily in taxes from his MTN Uganda dividends alone.Foll
Absa Bank Uganda, in partnership with Visa, has launched three new premium card solutions—Infinite, Signature, and Business Credit Cards—designed to cater to the unique needs of affluent and business customers.The Infinite Card, a globally recognized ultra-premium debit or credit card,
Spiro , one of Africa's largest EV players working with partners like Gnugrid CRB and Airtel Money have introduced the country's first AI electric motorcycle market.Under this new initiative, anybody connected to Airtel will be in position to initiate the whole process of obtaining a new m
Uganda has officially joined the Fund for Export-Development in Africa (Feda),marking a significant step in the country’s economic transformation and its commitment to industrialization and value-added export development across Africa.The signing of Feda's Establishment Agreement took pl
Company directors and secretaries have been called upon to rethink governance in an AI-driven world and explore ways to foster more objective, transparent, and effective decision-making processes.This call was made during the 14th Annual Directors and Company Secretaries Conference, held u
