From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank.When the Bank of Uganda (BoU)quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went o
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
Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the lender shifts its strategy to meet revised capital requirements while maintaining core credit and deposit services.KAMPALA
The cracks inside Standard Chartered Bank are no longer whispers — they are now headline news.As the British banking giant retreats from struggling markets, its top executives are heading for the exit and its once-proud retail empire in Uganda has collapsed into a fire sale.In the
Byanyima claims her husband, Dr Besigye was imprisoned because he was privy to details about Museveni’s power-sharing plan including a possible constitutional amendmentUNAIDS Executive Director, Winnie Byanyima and wife to opposition leader Col Dr Kizza Besigye has alleged that President
The disruption began after UCC suspended some mobile money transactions and internet access ahead of elections held on January 15, 2026.MTN Uganda has said it does not know when mobile money services will be fully restored.The telecom said restrictions remain in place under a direct
President Museveni concluded his campaign trail by issuing a stern warning against the theft of Parish Development Model funds, promising a nationwide audit and arrest of implicated leaders.Dear President Museveni, I write to express gratitude for your leadership and dedication to U
KAMPALA — The Criminal Investigations Directorate (CID), working jointly with the State House Anti-Corruption Unit, has launched investigations into alleged abuse of office, embezzlement of funds and falsification of accounts involving officials of Uganda Airlines.In a letter dated Janua
Senior presidential adviser and Commissioner Fred Bamwine has cautioned Ugandans, particularly the youth, against engaging in violence during and after the forthcoming general elections, warning that political incitement could have devastating consequences.Bamwine said young people should
Uganda Communications Commission Executive Director, Nyombi Thembo, addresses the media in KampalaKAMPALA, Uganda — The Uganda Communications Commission on Saturday flagged a viral public notice as fraudulent, dismissing claims that mobile money and banking services would be suspended du
