In a recent podcast of Bad Natives, I argued that there is a real risk of Uganda defaulting on her domestic bonds in two to three years. It makes little sense to judge a country’s debt sustainability using the debt-to-GDP ratio. GDP is not a resource of government which it can use to pay credit
Katuramu & Company, a surveying firm, has been ordered to pay Centenary Bank Shs 521 million for misleading the bank into extending a loan to a client without conducting proper due diligence on the land offered as security.The case started in December 2021 when Hasifa Namulondo applied
Senior lawyer Muwema was evicted from his office early Friday morningSenior city lawyer Fred Muwema was on Friday morning evicted from his law firm offices in Kololo after defaulting on rent arrears now estimated at about Shs1.4 billion. Court bailiffs executed the eviction on Frida
In a Monday interview with Mulengera News, the KCCA chief publicist Daniel Nuwabine explained why the Plot 6 Katonga Road-based PFF party offices in Kampala were closed. On Monday journalists turned up for the weekly news conference only to find the place under lock and key.The offices had
KAMPALA, Uganda — The Chief of Strategy at TV10 Gano Mazima, Dean Lubowa Ssaava, has been fined Shs4 million and ordered to forfeit all broadcasting equipment after pleading guilty to operating without a licence issued by the Uganda Communications Commission (UCC).The case highlights the
Kampala, Uganda: The High Court (Commercial Division) has ordered M/S Muwema & Co. Advocates to pay a total of USD 372,300 (approx. Shs1.34bn) in rent arrears and mesne profits, and to immediately vacate prime premises in Kololo following a protracted lease dispute with Downtown Investments L
Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation po
Reader modeWhistleblower flags irregular ruling patterns at Buganda Road Courtugstandard.com21hWhistleblower flags statistically irregular court rulings favoring Clarks Financials Ltd at Buganda Road Court, prompting calls for an administrative probe into default judgm
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
