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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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PFF demands audit of 2026 elections

PFF demands audit of 2026 elections

Kampala, Uganda | THE INDEPENDENT | The People’s Front for Freedom has called for an independent audit of Uganda’s 2026 general elections. They accuse the Electoral Commission (EC), the military and state security agencies of presiding over what it described as an “industrial-scale electora

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Uganda: Parliament Reduced to a Rubber Stamp Under Executive Dominance - Egesa

Uganda: Parliament Reduced to a Rubber Stamp Under Executive Dominance - Egesa

Political and business strategist Ronald Egesa says Uganda's democratic institutions have steadily lost their authority, with Parliament reduced to a ceremonial body operating under overwhelming executive control.Egesa argues that the prolonged consolidation of power in the presidency has

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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

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Museveni halts Central Bank directive on Sacco licensing

Museveni halts Central Bank directive on Sacco licensing

President Yoweri Museveni has directed the Bank of Uganda (BoU) to halt threats and directives aimed at forcing Savings and Credit Cooperative Organisations (Saccos) to apply for licences, arguing that the Central Bank should limit its role to oversight rather than direct control.The direc

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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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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 Kavule Is Blaming Shamim Malende for poor Performance of NUP Councillors in Kampala

Here’s Why Kavule Is Blaming Shamim Malende for poor Performance of NUP Councillors in Kampala

There is growing consensus among strategists at Kavule-based NUP headquarters that the political relationship between them on one hand and Shamim Malende on the other is irretrievably broken. And that the Kampala Woman MP won’t be returning to the principal to kneel for the party’s flag and e

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Finance Secures UGX 2.75 Trillion Financing Deals for Power, Water, and Roads

Finance Secures UGX 2.75 Trillion Financing Deals for Power, Water, and Roads

The Government of Uganda has signed financing agreements worth UGX 2.747 trillion to fund three major infrastructure projects aimed at strengthening power transmission, expanding water and sanitation services, and upgrading a key road corridor. The projects will be financed through externa

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Abitex, Bajjo Face Jail Over Misused SACCO Funds

Abitex, Bajjo Face Jail Over Misused SACCO Funds

Abitex and Bajjo face possible jail after being accused of misusing over UGX 3 billion in government SACCO funds meant to support Ugandan promoters.Abitex, Bajjo Face Jail Over Misused SACCO FundsTop Ugandan events promoters, including Abitex and Bajjo, are facing possible jail time

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