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SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation po

Ultimate Uganda

Why Kampala needs trade order now

Why Kampala needs trade order now

COMMENT | JOSEPHA JABO | On Thursday, February 5, 2026 the minister for Kampala, Minsa Kabanda, addressed journalists at Uganda Media Centre, briefing them about the new trade order, available workspaces in public markets for street vendors and the revival of the Sunday Market. The press conferen

Ultimate Uganda

At least 21  killed as passenger ferry sinks after capsizing on Nile as rescuers frantically hunt for survivors

At least 21 killed as passenger ferry sinks after capsizing on Nile as rescuers frantically hunt for survivors

AT least 21 people have tragically drowned after a boat capsized in the Nile as rescuers frantically work to find the remaining passengers.The passenger ferry was carrying 30 people when it overturned in the Tayba-Al-Khawad area of Sudan on Wednesday.The ship on Nile River, Khartoum

Ultimate Uganda

Ex RCC Burora Blasts Minister Balaam Over Alleged Facilitation of Ssenyonyi’s “Fraudulent” Victory in Nakawa West

Ex RCC Burora Blasts Minister Balaam Over Alleged Facilitation of Ssenyonyi’s “Fraudulent” Victory in Nakawa West

BuroraKampala – Defeated NRM candidate Herbert Anderson Burora has accused Minister of State for Youth and Children Affairs, Balaam Barugahara, of facilitating what he termed a “false declaration” of Nakawa West MP Joel Ssenyonyi during the January 15, 2026 general elections.I

Ultimate Uganda

Wakiso seals UGX 43.8 billion deal to redevelop central and Kawuku markets

Wakiso seals UGX 43.8 billion deal to redevelop central and Kawuku markets

WAKISO, Uganda — A major milestone has been achieved in the transformation of trade infrastructure in Wakiso District following the official signing of multi-billion shilling contracts for the construction of selected modern markets.In a ceremony marked by optimism and commitment to serv

Ultimate Uganda

Shs161bn Solar Water Project Sinks in Chaos at Water Ministry, UK Export Finance Furious

Shs161bn Solar Water Project Sinks in Chaos at Water Ministry, UK Export Finance Furious

It was sold as a shining solution to Uganda’s water crisis — 687 solar-powered irrigation and water supply systems meant to transform farming, boost incomes and bring clean water closer to communities. The Ministry of Water and Environment (MWE) is the lead government agency, overseeing the p

Ultimate Uganda

Newly Re-elected Lamwo’s Hillary Onek Confesses to Being Tired on Being MP

Newly Re-elected Lamwo’s Hillary Onek Confesses to Being Tired on Being MP

The 78-year-old Eng Hillary Obaloker Onek, who is also the Minister for Disaster Preparedness, has been MP for Lamwo County in Greater Kitgum since the year 2001. And for a long time, he was the strongest and the only surviving Musevenist in the whole of Acholi, which the opposition comfortably d

Ultimate Uganda

Government, Stanchart sign Shs 2.747tn infrastructure financing deal

Government, Stanchart sign Shs 2.747tn infrastructure financing deal

Government of Uganda and Standard Chartered Bank Uganda have signed financing agreements worth EUR 641.1 million (Shs 2.747 trillion) to fund three major infrastructure projects aimed at supporting the country’s Ten-Fold Growth Strategy and expanding the economy to USD 500 billion by 2040.

Ultimate Uganda

Tax net tightens: Why EFRIS, DTS, rental tax are closing in on every business

Tax net tightens: Why EFRIS, DTS, rental tax are closing in on every business

EFRIS was first legally introduced through the Tax Procedures Code (E-Invoicing and E-Receipting) Regulations in 2020, with mandatory use by VAT-registered taxpayers beginning on 1 July 2020.In today’s rapidly digitizing economy, tax compliance in Uganda is no longer a back-office obliga

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INCOMPETENCE OR SABOTAGE? Sh53bn Karamoja Valley Dams, Tanks Turn into Mud Pits Under Ministry of Water Negligence

INCOMPETENCE OR SABOTAGE? Sh53bn Karamoja Valley Dams, Tanks Turn into Mud Pits Under Ministry of Water Negligence

A shocking Auditor General’s report has exposed deep rot, negligence and sheer incompetence at the Ministry of Water and Environment, after billions of shillings meant to save Karamoja from chronic water shortages were blown on valley tanks and dams that are now choked with silt, broken down or

Ultimate Uganda