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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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Shs 5.3tn Karuma Dam Delivers Only 30% of Installed Power Capacity, Threatens Loan Repayments

Shs 5.3tn Karuma Dam Delivers Only 30% of Installed Power Capacity, Threatens Loan Repayments

Kampala — Uganda’s flagship hydropower projects are operating far below their available generation capacity, raising concerns over revenue shortfalls and the country’s ability to service billions of dollars in Chinese loans used to build the plants, the Auditor General has warned.In

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Here’s why Ugandans still feel safe under President Museveni

Here’s why Ugandans still feel safe under President Museveni

As Uganda reflects on another hard-fought election cycle, one question continues to animate political debate at home and abroad: how has President Museveni, after nearly four decades in power, continued to win the confidence of a critical mass of Ugandans?Why, despite generational change,

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On This Date 16 Years Ago, Seller Offered 500 Bitcoin for $1 — Worth $45 Million Today

On This Date 16 Years Ago, Seller Offered 500 Bitcoin for $1 — Worth $45 Million Today

An offer made 16 years ago to sell 500 Bitcoin (CRYPTO: BTC) for just $1 is trending online.The world’s largest cryptocurrency exchange, Binance, celebrated Bitcoin’s valuation surge by sharing a 2010 Bitcointalk post on X. In the post, a user offered a digital image for 500 BTC, which

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Lukwago Concedes Defeat, Vows to Continue fight Against “Mafias and cartels”

Lukwago Concedes Defeat, Vows to Continue fight Against “Mafias and cartels”

In a move that signals the end of a 15-year era at City Hall, Erias Lukwago has officially conceded defeat in the 2026 Kampala Lord Mayorship race.In a signed statement dated January 24, 2026, the outgoing Lord Mayor for Kamala City acknowledged the outcome of the January 22nd polls, which

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FULL STATEMENT: Lukwago concedes defeat in Kampala City Lord Mayoral race

FULL STATEMENT: Lukwago concedes defeat in Kampala City Lord Mayoral race

Notwithstanding the flaws that have marred this process as an integral part of the entire 2026 General Elections, I do hereby accept the outcome of the Kampala Lord Mayorship polls.I would like to state at the outset that I owe a great debt of gratitude to the People of Kampala who accorde

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Suspects arrested after failed robbery at NMS warehouse

Suspects arrested after failed robbery at NMS warehouse

The Principal Public Relations Officer, Sheilla Nduhukire, said the agency remains fully operational and alert.National Medical Stores has confirmed an attempted robbery at one of its rented warehouse facilities in Entebbe.The incident happened on the night of January 11, 2026.

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Youth League boss Tanga faces backlash over alleged misuse of party mobilization bikes

Youth League boss Tanga faces backlash over alleged misuse of party mobilization bikes

The NRM Youth League chairperson Tanga Collins is facing backlash over alleged misuse of party motorcycles meant for mobilisation, with leaders warning the move has weakened NRM campaigns in Teso, Bukedi and Northern Uganda ahead of the 2026 polls.NRM Youth League Chairperson, Tanga Collin

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UPDF General’ sent to Luzira for Stealing shs.700m from Kenyan investor

UPDF General’ sent to Luzira for Stealing shs.700m from Kenyan investor

The State House Anti-Corruption Unit (SH-ACU) has arraigned and secured the remand of Godfrey Ssekidde Lubowa, a notorious fraudster who for years impersonated a senior Uganda People’s Defence Forces (UPDF) officer under the alias “Maj Gen Sam Kiwanuka,” after he defrauded a Kenyan investor

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MTN Mobile Money loans on track to reach Shs 2.5 trillion

MTN Mobile Money loans on track to reach Shs 2.5 trillion

2025 has been of both challenges and opportunities. We’ve continued to deepen access to our services and extend financial inclusion to the underserved. By the end of this year, we’re looking at over 14.5 million individual users, which is a significant jump from 13.8 million in 2024. Our targ

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