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
Journalists from the Greater Masaka region have appealed to President Yoweri Kaguta Museveni and State House Comptroller Jane Barekye to expedite the disbursement of promised funding to their savings and credit cooperative (SACCO), known as GREMAJA SACCO.The call comes from over 100 journa
The High Court in Accra has granted a perpetual injunction against Afia Schwarzenegger and Shatta Wale, preventing them from making or repeating defamatory statements about broadcast journalist Kwasi Aboagye. The ruling followed their failure to enter an appearance or file a defence after being p
A growing number of National Resistance Movement (NRM) candidates have secured seats in Uganda’s 11th Parliament without facing opposition, following declarations by the Electoral Commission ahead of the 15 January 2026 general elections.Among the latest to be confirmed unopposed is the
Uganda's mobile money sector is taking major steps to prevent loan defaults and restore trust in digital lending. For years, some borrowers who defaulted on digital loans exploited loopholes by switching networks or SIM cards, making it difficult for lenders to recover funds. Under the previous s
“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS
Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv
David Kalyango, the Executive Director of Supervision at the Bank of Uganda, explained the vision: ensuring that every Ugandan, no matter their type of work, can access credit to grow businesses, boost investments, and drive development.The Bank of Uganda has been locked in a heated debate
Justice Egonda-Ntende said he is often disturbed by reports from magistrates’ courts, especially in cases involving bail applications. Justice Martin Stephen Egonda-Ntende, a Justice of the Court of Appeal and one of Uganda’s most respected jurists, has expressed frustration with what
Bitcoin price rose to USD 86,084.62 on November 23, 2025, showing a slight upward trend from its previous levels of USD 84,187.74 and USD 83,849.64. The shifts highlight its volatility. If the upward movement continues, Bitcoin could gain momentum, though it is unclear whether this trend will hol
