Search Results

BLACKOUTS, BILLIONS & BOARDROOM WARS! Investigation Exposes Rot at UEDCL as Power Crisis Rocks Post-Umeme Era

BLACKOUTS, BILLIONS & BOARDROOM WARS! Investigation Exposes Rot at UEDCL as Power Crisis Rocks Post-Umeme Era

Ugandans are asking one burning question: what exactly is going on at Uganda Electricity Distribution Company Limited?Ever since Umeme exited and UEDCL officially took over power distribution on April 1, 2025, complaints of persistent blackouts, delayed meter replacements, sluggish custome

Ultimate Uganda

KARUMA CASH CRISIS! UEGCL Profits Drop, Debt Soars to 81.6% as Power Plants Rot —Who is Sleeping on the Job?

KARUMA CASH CRISIS! UEGCL Profits Drop, Debt Soars to 81.6% as Power Plants Rot —Who is Sleeping on the Job?

Eleven years at the helm. Billions borrowed. Mega dams commissioned with pomp and glory. Yet today, hard questions are exploding over the management of Uganda Electricity Generation Company Limited as the December 2025 Auditor General’s report exposes troubling cracks in Uganda’s power genera

Ultimate Uganda

What the Kenya Pipeline deal means for Uganda

What the Kenya Pipeline deal means for Uganda

Energy and Mineral Development Minister, Ruth Nankabirwa sign deal with Kenya to participate in the upcoming Initial Public Offering (IPO) of the Kenya Pipeline Company (KPC)Kampala, Uganda | THE INDEPENDENT | New details have emerged about Uganda’s participation in the Kenya Pipeline Co

Ultimate Uganda

BIG STORM: Power Struggles At ERA Risk Uganda’s Electricity Stabilization Efforts

BIG STORM: Power Struggles At ERA Risk Uganda’s Electricity Stabilization Efforts

A power sector storm is brewing in Uganda as internal conflicts at the Electricity Regulatory Authority (ERA) intersect with national energy supply challenges, threatening to further destabilize an already fragile economic lifeline.According to insiders, senior staff at ERA allege that Chi

Ultimate Uganda

Spiro secures $50 million to expand electric bike network in Uganda

Spiro secures $50 million to expand electric bike network in Uganda

KAMPALA — Spiro, an electric mobility company with operations in Uganda, has secured $50 million in debt funding to expand its battery-swapping infrastructure and electric vehicle fleet across Africa.The funding round, announced Tuesday, included participation from Afreximbank and two ne

Ultimate Uganda

Gov’t to spend Shs56.9b on LC1, LC2 elections

Gov’t to spend Shs56.9b on LC1, LC2 elections

KAMPALA — The Government of Uganda has approved a budget of Shs56.9 billion to facilitate the long-awaited elections for Local Council One (LC1) and Local Council Two (LC2) leaders, with voting expected to take place before the swearing-in of President Yoweri Museveni.Cabinet cleared the

Ultimate Uganda

How Ugandans will benefit from visa-free travel to SA

How Ugandans will benefit from visa-free travel to SA

Uganda’s Ambassador to South Africa Paul Amoru has urged Ugandans living there to remain disciplined and respect domestic laws as the two countries move closer to introducing visa-free travel for ordinary passport holders.Mr Amoru said technical processes to waive visa fees for ordinary

Ultimate Uganda

dfcu Opens Namanve Branch as Bahati Urges Review of Lending Rates

dfcu Opens Namanve Branch as Bahati Urges Review of Lending Rates

dfcu Bank has opened a new branch in Namanve Industrial Park, positioning itself at the heart of one of Uganda’s fastest-growing manufacturing hubs, as government renewed calls for commercial lenders to cut borrowing costs for industry.Speaking at the launch, David Bahati welcomed the ex

Ultimate Uganda

Kabaka Seeks Eviction of UPDF Barracks, Radar Centre in Multi-Trillion Shilling Land Dispute

Kabaka Seeks Eviction of UPDF Barracks, Radar Centre in Multi-Trillion Shilling Land Dispute

Mukono – The High Court has consolidated several land cases filed by the Kabaka of Buganda against 12 district local governments and the Attorney General into one major suit to be heard in Mukono.In a ruling delivered recently, Justice Stephen Mubiru ordered that seven civil suits filed

Ultimate Uganda

South Africa Bond Rally Builds Ahead of February 25 Budget

South Africa Bond Rally Builds Ahead of February 25 Budget

South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up

Ultimate Uganda