KAMPALA, Uganda — Uganda’s construction sector is facing a financial crisis due to the government’s failure to pay UGX 1.351 trillion in arrears to road contractors, according to Francis Mwijukye, Shadow Minister for Works and Transport.
City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the High Court in Kampala ruled in favor of Housing Finance Company Limited in a high-stakes financial dispute.The ruling, whi
Using a court order and court bailiffs (of Mutesasira Associates), Minister Balaam Barugahara has become the owner of part of the BMK estate. He is particularly moving to have a huge apartment block located along Plot 46 Mulamula road in Buziga sold off via publ
In a remarkable story of resilience and transformation, Joweria Kaweesi, an inmate at Luzira Women’s Prison, has defied the odds to become the only female prisoner to pass the 2024 Uganda Certificate of Education (UCE) examinations.
The government of Uganda is committed to meeting Umeme Limited’s buyout amount before the electricity distributor’s concession runs out at the end of March, Ziria Tibalwa Waako, the chief executive officer of the Electricity Regulatory Authority (ERA), has s
The Deputy Speaker of Parliament Thomas Tayebwa has asked that no public money be used to buy his clothes after concerns were raised about the 2025/2026 national budget which includes large amounts for meals, bed sheets and shoes for top government officials.
In a landmark ruling at the Nakasero-based Anti-Corruption Court, Justice Lawrence Gidudu sentenced Ronald Jimmy Ajuk, proprietor of Smart Parking Technology, to two years in prison.Ajuk was convicted of unlawfull
A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no sources of credit. The report, titled: Finance in Africa, Unlocking Investment in an Era of Digital Transformation an
The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, the moneylenders’ association has “rejected” the new law, arguing that the government has no right to control what doe
Imagine youâre running an asset financing business in Europe and think, âWhy not give East Africa a shot?â So you do the research, find the market, and discover real potential. Thatâs how Mogo Uganda, an asset-financing tech company, landed in Kampala. The
