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Aponye Empire crumbles as banks list properties for auction over debt

Aponye Empire crumbles as banks list properties for auction over debt

The business empire of the late tycoon Apollo Nyegamehe, popularly known as Aponye, has been listed for public auction after failure to clear billions in outstanding loans, barely two years after his death.One of the Properties belonging to the late businessman Apollo Nyegamehe (inset) und

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Umeme Issues Profit Warning, Cites Losses from Concession Exit

Umeme Issues Profit Warning, Cites Losses from Concession Exit

KAMPALA | Umeme Limited has warned shareholders and investors to expect another year of financial losses, marking the second consecutive year the company will close its books in the red, following the termination of its electricity distribution concession in Uganda.In a public notice issue

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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

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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

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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

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WHO’S EATING UGANDA’S GOLD MONEY? Foreign Firms Cash in as Ugandans remain poor

WHO’S EATING UGANDA’S GOLD MONEY? Foreign Firms Cash in as Ugandans remain poor

Uganda is sitting on a gold rush worth billions — but for most citizens, the shine stops at the headlines.Gold exports have exploded over the past decade, rebounding strongly after a brief slump in 2022/23 caused by a tax dispute that temporarily halted exports. By 2025, Uganda’s gold

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Ugandans to Fund Over UGX 2.3 Trillion for Police Wages by 2030

Ugandans to Fund Over UGX 2.3 Trillion for Police Wages by 2030

Ugandans will be asked to pay more than UGX 2.368 trillion in taxes over the next five years to cover the salaries of officers and staff of the Uganda Police Force (UPF). This revelation came from Aggrey Wunyi, the Undersecretary of the Uganda Police Force, when he appeared before Parliament’s

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OWEYEGHA AFUNADUULA: The Silent Disappearance: Land, Loans, and the Systemic Unmaking of Uganda’s Clan-Based Civilizations

OWEYEGHA AFUNADUULA: The Silent Disappearance: Land, Loans, and the Systemic Unmaking of Uganda’s Clan-Based Civilizations

Preamble: A Warning from the SourceWe issue this not as a lament, but as a diagnosis of a living crisis. We document not a natural passing, but a designed dismantling. The clan-based cultural groups of Uganda—ancient, sophisticated systems of ecological governance and social belonging—

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Why Bobi Wine might have risked an outdoor video

Why Bobi Wine might have risked an outdoor video

For a high-profile fugitive wanted by senior military commanders, releasing a public video from outdoors seemed counter-intuitive to many. Opposition leader Bobi Wine has been on the run since security forces surrounded his home in Magere on 16 January 2026 following the presidential elect

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Greater Masaka Journalists Urge President Museveni to Release Promised GREMAJA SACCO Funds

Greater Masaka Journalists Urge President Museveni to Release Promised GREMAJA SACCO Funds

Journalists from the Greater Masaka region have appealed to President Yoweri Kaguta Museveni and State House Comptroller Jane Barekye to expedite the disbursement of promised funding to their savings and credit cooperative (SACCO), known as GREMAJA SACCO.The call comes from over 100 journa

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