Search Results

STANBIC BANK FRAUD! Suspects in Enid Kukunda’s Sh725M Theft Eye Plea, Linked to Another Sh400M ABSA Heist!

STANBIC BANK FRAUD! Suspects in Enid Kukunda’s Sh725M Theft Eye Plea, Linked to Another Sh400M ABSA Heist!

One of the suspects charged over an attempted Shs 725 million fraud targeting Stanbic Bank has opened negotiations with the State to resolve the case through a plea bargain. The development was disclosed on Monday before the Buganda Road Chief Magistrate’s Court, where Chief State Attorney Joan

Ultimate Uganda

Uganda Airlines delays expose cracks in passenger protection

Uganda Airlines delays expose cracks in passenger protection

Uganda’s flag carrier has this week made headlines for all the wrong reasons after it was revealed that Jenifer Bamuturaki, the Chief Executive Officer, will not serve in the position beyond July. The departure comes after the national carrier received a bad rap following a string of governance

Ultimate Uganda

Absa Bank Uganda names Catherine Kijjagulwe head of markets

Absa Bank Uganda names Catherine Kijjagulwe head of markets

Catherine Kijjagulwe has been named head of markets at Absa Bank Uganda. Learn more about her professional background in financial markets and her new leadership role at the bank.KAMPALA, Uganda — Absa Bank Uganda has named Catherine Kijjagulwe as its new head of markets, the bank announ

Ultimate Uganda

Inside Uganda’s elections, where goons set the rules

Inside Uganda’s elections, where goons set the rules

On December 7, 2025, Reuters carried a stark headline that rippled across Uganda’s political landscape: “Bobi Wine says Uganda security forces beat him.”The wire story reported that Uganda’s leading opposition figure, Robert Kyagulanyi, popularly known as Bobi Wine, said he was bea

Ultimate Uganda

Government earmarks UGX 2.2 trillion for five-year local government plan

Government earmarks UGX 2.2 trillion for five-year local government plan

KAMPALA, Uganda — The government has unveiled an ambitious five-year strategic plan for the Ministry of Local Government, earmarking 2.2 trillion shillings to bolster decentralization and drive more citizens into the formal economy.The plan, which runs from the 2025-26 through the 2029-3

Ultimate Uganda

Why Museveni is Firing Uganda Airlines CEO Jenifer Bamuturaki

Why Museveni is Firing Uganda Airlines CEO Jenifer Bamuturaki

Kampala — President Museveni has moved to remove Jenifer Bamuturaki as Chief Executive Officer (CEO) of Uganda Airlines, following a State House meeting held in September 2025 that reviewed mounting governance failures, disputed aircraft procurement decisions and growing financial losses at the

Ultimate Uganda

Story behind Bobi Wine’s Kanyanya video location

Story behind Bobi Wine’s Kanyanya video location

It is now established that the building is the abandoned IK Musaazi International Medical Research Centre, a project whose construction stalled over 20 years agoFresh information has emerged about the location where opposition leader Bobi Wine recorded one of his most talked-about videos s

Ultimate Uganda

Gov’t to spend less in 2026/27 financial year– Finance Ministry

Gov’t to spend less in 2026/27 financial year– Finance Ministry

The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69.399 trillion, reflecting a tighter fiscal stance even as efforts intensify to boost domestic revenue and reduce reliance on bor

Ultimate Uganda

Gov’t to spend less in 2026/27 financial year– Finance Ministry

Gov’t to spend less in 2026/27 financial year– Finance Ministry

The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69.399 trillion, reflecting a tighter fiscal stance even as efforts intensify to boost domestic revenue and reduce reliance on bor

Ultimate Uganda

Parliament Approves Budget Framework Paper as MPs Return to Complete Appropriation

Parliament Approves Budget Framework Paper as MPs Return to Complete Appropriation

Parliament Approves Budget Framework Paper as MPs Return to Complete AppropriationParliament on Thursday approved the National Budget Framework Paper (NBFP) for FY 2026/27–2030/31, clearing the way for preparation of detailed budget estimates.The framework sets the fiscal andmonet

Ultimate Uganda