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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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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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Gov’t to spend less in 2026/27 financial year– Finance Ministry

Gov’t to spend less in 2026/27 financial year– Finance Ministry

The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69.399 trillion, reflecting a tighter fiscal stance even as efforts intensify to boost domestic revenue and reduce reliance on bor

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Gov’t to spend less in 2026/27 financial year– Finance Ministry

Gov’t to spend less in 2026/27 financial year– Finance Ministry

The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69.399 trillion, reflecting a tighter fiscal stance even as efforts intensify to boost domestic revenue and reduce reliance on bor

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Parliament Approves Budget Framework Paper as MPs Return to Complete Appropriation

Parliament Approves Budget Framework Paper as MPs Return to Complete Appropriation

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

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Gaming Board, police dismantle illegal machine factory in Soroti, arrest Chinese national

Gaming Board, police dismantle illegal machine factory in Soroti, arrest Chinese national

Arrested China national known as Lin Haiyun and the illegal equipment he has been operating.Authorities have dismantled an illegal gaming machine manufacturing facility in Soroti Town, arresting a Chinese national in an intensified crackdown on unlawful gambling activities.The opera

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OWEYEGHA AFUNADUULA: The Silent Disappearance: Land, Loans, and the Systemic Unmaking of Uganda’s Clan-Based Civilizations

OWEYEGHA AFUNADUULA: The Silent Disappearance: Land, Loans, and the Systemic Unmaking of Uganda’s Clan-Based Civilizations

Preamble: A Warning from the SourceWe issue this not as a lament, but as a diagnosis of a living crisis. We document not a natural passing, but a designed dismantling. The clan-based cultural groups of Uganda—ancient, sophisticated systems of ecological governance and social belonging—

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FULL STATEMENT: Lukwago concedes defeat in Kampala City Lord Mayoral race

FULL STATEMENT: Lukwago concedes defeat in Kampala City Lord Mayoral race

Notwithstanding the flaws that have marred this process as an integral part of the entire 2026 General Elections, I do hereby accept the outcome of the Kampala Lord Mayorship polls.I would like to state at the outset that I owe a great debt of gratitude to the People of Kampala who accorde

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Are We Protecting the Gains, the Pains, Or the Chains? Uganda’s Moral Audit of Power, Progress & Unequal Memory!

Are We Protecting the Gains, the Pains, Or the Chains? Uganda’s Moral Audit of Power, Progress & Unequal Memory!

In every election cycle, history is summoned to the dock, not as a witness to be questioned, but as an exhibit to be defended. In Uganda’s current political season, President Yoweri Kaguta Museveni’s enduring slogan, “Protecting the Gains,” has re-emerged with renewed force and urgency. I

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Debt Repayment, Wages Take Lion’s Share of Q3 Expenditure

Debt Repayment, Wages Take Lion’s Share of Q3 Expenditure

Ramadan Ggoobi speaking to reporters in Kampala on Friday.The Ministry of Finance has released Shs 16.537 trillion for expenditure in the third quarter of the 2025/26 financial year, with debt repayment and treasury operations taking the largest share.Out of the total release, Shs 7

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