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Surveyor ordered to pay Centenary Bank Shs 520m for ‘over-valuing’ land offered as security

Surveyor ordered to pay Centenary Bank Shs 520m for ‘over-valuing’ land offered as security

Katuramu & Company, a surveying firm, has been ordered to pay Centenary Bank Shs 521 million for misleading the bank into extending a loan to a client without conducting proper due diligence on the land offered as security.The case started in December 2021 when Hasifa Namulondo applied

Ultimate Uganda

Uganda’s Public Debt Hits Record UGX 130 Trillion as Domestic Borrowing Surge Raises Alarm

Uganda’s Public Debt Hits Record UGX 130 Trillion as Domestic Borrowing Surge Raises Alarm

KAMPALA – Uganda’s public debt has surged to a record US$34.86 billion (UGX 130.84 trillion) as of December 2025, piling fresh pressure on the government’s fiscal managers and raising concerns about the long-term burden on citizens and businesses.According to the Ministry of Finance,

Ultimate Uganda

EXCLUSIVE! Full List of 202 Public Officials Yet to Refund Misused Govt’s Shs2,363,814,211

EXCLUSIVE! Full List of 202 Public Officials Yet to Refund Misused Govt’s Shs2,363,814,211

The Inspectorate of Government has released a full list of 202 civil servants who are yet to refund over Shs2Billion they misappropriated.The IGG warns in the list last updated today, Monday, March 16, 2026 that the affected civil servants risk prosecution for Abuse of Office and disobedie

Ultimate Uganda

EC Gambles on Kamugisha as Dossier Exposes Mismanaged Billions, Weak Policies, Questionable Deals & An Outdated 2013 ICT System

EC Gambles on Kamugisha as Dossier Exposes Mismanaged Billions, Weak Policies, Questionable Deals & An Outdated 2013 ICT System

New EC Secretary KamugishaA shocking audit into the operations of the Electoral Commission has laid bare a catalogue of financial and administrative failures that have thrown the country’s election managers into fresh controversy.The explosive findings from the latest report by th

Ultimate Uganda

Kireka 14Bn Market Project Cleared As IGG Brings Stakeholders Together

Kireka 14Bn Market Project Cleared As IGG Brings Stakeholders Together

Deputy IGG Anna Muhairwe greets an old man after the Kireka market redevelopment-related meeting at Kira Municipal Council headquarters. Deputy IGG Ann Muhairwe arrives to tour the Kireka market. Having existed since the early 1970s, Kireka main market is one of Uganda’s oldest ye

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Breaking Sad News! Tooro Crown Prince Kiijanangoma Battling Stage 3 Throat Cancer, Appeals To Public For Shs500M For Treatment In India!

Breaking Sad News! Tooro Crown Prince Kiijanangoma Battling Stage 3 Throat Cancer, Appeals To Public For Shs500M For Treatment In India!

Fort Portal: It’s sad news but we have no choice but to say it as it is. Tooro Kingdom Crown Prince David Kiijanangoma Araali is critically ill, battling stage three throat cancer, a disease that has reportedly been silently eating him away since last year.Highly placed sources close to

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At least 13 US military personnel killed, 200 wounded in Middle East — WSJ

At least 13 US military personnel killed, 200 wounded in Middle East — WSJ

At least 13 US military personnel have been killed and another 200 wounded since the start of Operation Epic Fury against Iran, The Wall Street Journal reported, citing a source.According to him, 170 of the 200 wounded personnel have already returned to duty.Earlier, US Central Comm

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UTB BANK BOSS ON THE SPOT AS CLOSE TO UGX 70M VANISHES IN 5 MINUTES – Customer Demands Refund, Accuses Executive Director of Shielding Fraudsters

UTB BANK BOSS ON THE SPOT AS CLOSE TO UGX 70M VANISHES IN 5 MINUTES – Customer Demands Refund, Accuses Executive Director of Shielding Fraudsters

A shocking bank scandal has erupted after Ugx 69 million mysteriously disappeared from a customer’s account in just five minutes, leaving behind a trail of fear, anger and serious questions about the safety of money in Uganda’s banking system.The man at the center of the storm is Chine

Ultimate Uganda

Court rules caretaker who refuses to vacate land is trespasser

Court rules caretaker who refuses to vacate land is trespasser

Kampala, Uganda: The High Court of Uganda has ruled that a caretaker who continues occupying land after the owner withdraws consent becomes a trespasser and cannot claim compensation for expenses allegedly incurred on the property without proof of a valid agreement.The ruling was delivered

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Middle East War: Uganda Fuel Prices Stay Below Europe

Middle East War: Uganda Fuel Prices Stay Below Europe

Kampala — Uganda’s fuel prices remain significantly lower than those in Europe despite rising geopolitical tensions affecting global oil markets, with officials attributing the stability to diversified supply arrangements through the Uganda National Oil Company (UNOC) and its international su

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