Search Results

Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Uganda Clays may have bought time, but not certainty. Beneath the return to profit lies a balance sheet still under strain, propped up by deferred obligations and a partially unsecured NSSF loan. Its recovery, while visible, remains fragile. The real test will come when repayments begin, when imp

Ultimate Uganda

Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Uganda’s banking industry has mounted a formal and detailed opposition to the proposed Protection of Sovereignty Bill, 2026, warning that its provisions could disrupt financial intermediation, deter foreign investment, and undermine the country’s broader economic growth strategy.In a l

Ultimate Uganda

Bailiffs move to auction Pastor Ssenyonga’s Church properties over unpaid loan

Bailiffs move to auction Pastor Ssenyonga’s Church properties over unpaid loan

According to the advert, the church, listed as the debtor, must settle “the outstanding loan balances, interest plus our fees and disbursements” before the sale date, failing which the properties will be disposed of by public auction or private treaty.Court bailiffs have moved to sell

Ultimate Uganda

Uganda Tea Prices Rebound 21 Percent at Mombasa Auction

Uganda Tea Prices Rebound 21 Percent at Mombasa Auction

MOMBASA, Kenya – Uganda’s tea sector is showing renewed signs of recovery, with auction prices rebounding 21% and absorption rates strengthening.Sector players say this offers cautious optimism to growers and processors after years of volatility. Data from the Mombasa tea auction indic

Ultimate Uganda

Mildred Tuhaise leaves NBS after 11 years of impactful journalism

Mildred Tuhaise leaves NBS after 11 years of impactful journalism

Kampala, Uganda: Celebrated Ugandan journalist Mildred Tuhaise “called it quits” from NBS Television, ending an 11-year stint that cemented her as one of the country’s most influential broadcast voices.While announcing her departure from the Naguru-based TV station, Tuhaise described

Ultimate Uganda

Trump Declares The Strait Is 'Permanently' Open – Tanker Traffic Says 'Not Yet'

Trump Declares The Strait Is 'Permanently' Open – Tanker Traffic Says 'Not Yet'

On Wednesday morning, President Donald Trump declared on Truth Social that the Strait of Hormuz is now “permanently” open — crediting US military superiority and a new understanding with China under which Beijing agreed not to ship weapons to Iran. He added that President Xi Jinping would g

Ultimate Uganda

Allan Kasujja Unveils Bold Reset for Uganda Media Centre: “We Cannot Win in Silence”

Allan Kasujja Unveils Bold Reset for Uganda Media Centre: “We Cannot Win in Silence”

In what could mark a turning point in government communication, Allan Kasujja, the newly appointed Executive Director of the Uganda Media Centre (UMC), has rolled out an ambitious blueprint to redefine how Uganda tells its story to the world.A seasoned journalist and former BBC broadcaster

Ultimate Uganda

KCCA road works lag as Parliament raises alarm over funding gaps, flood risk ‎

KCCA road works lag as Parliament raises alarm over funding gaps, flood risk ‎

The Committee is also concerned that disbursement is performance-linked, meaning that continued slow progress will directly reduce KCCA's access to programme funds and jeopardise the broader metropolitan development objectives‎Parliament’s Committee on Physical Infrastructure has raise

Ultimate Uganda

Ugandans angry over URA woman who Rejected bribe of Shs.300m to Report $10m hidden in Container

Ugandans angry over URA woman who Rejected bribe of Shs.300m to Report $10m hidden in Container

The URA customs officer who rejected the bribe has been identified as Enid Priscilla KatusiimeA female customs officer at the Uganda Revenue Authority (URA), identified as Enid Priscilla Katusiime, is at the center of intense public debate after she rejected a Shs 300 million bribe and unc

Ultimate Uganda

Nabbanja cracks the whip: PM demands results as national performance conference opens in Munyonyo

Nabbanja cracks the whip: PM demands results as national performance conference opens in Munyonyo

KAMPALA – There was no room for excuses as Prime Minister Robinah Nabbanja took to the podium at the opening of the National Performance Review Conference 2026, delivering a blunt message to government officials: Ugandans want results — not reports.Speaking at the Speke Resort Conventi

Ultimate Uganda