Business •
21 Feb '26
Thomas MukoyaKAMPALA, Feb 20 (Reuters) – Uganda raised its projected public spending for the 2026/2027 financial year by 12.7% to 78.2 trillion shillings ($21.78 billion), up from an earlier estimate of 69.4 trillion shillings, the finance ministry announced on Friday.In a post on
Business •
20 Feb '26
A scathing report from Uganda’s auditor general has uncovered deep financial and operational dysfunction at the National Drug Authority. From idle billions in unclaimed deposits to vacant floors in its headquarters, the agency faces growing questions about its ability to regulate the nation’s
Business •
18 Feb '26
Kampala socialite Nasser Nduhukire, also known as Don Nasser, appears in the dock at Buganda Road Magistrate’s Court in Kampala, Uganda, where he was committed to the High Court for trial over allegations of trafficking and defiling a minor.The Director of Public Prosecutions has formall
Business •
16 Feb '26
Kampala, Uganda | THE INDEPENDENT | In Arusha, Tanzania, Lubega John Nsamba represented her ailing father, John Mary Nsamba, whose land along the East African Crude Oil Pipeline (EACOP) had been acquired without what the family considered fair compensation.Over a month after his burial nea
Business •
15 Feb '26
POLICE have recorded a road traffic accident in which a police officer died while musician sustained serious injuries.The accident occurred yesterday, February 14, 2026, around 16:40 hours in the Machinga area, about 12 kilometres south of Monze town.According to preliminary investi
Business •
10 Feb '26
Four suspected fraudsters who have been stealing in the name of Museveni’s daughter have seen the expiry of their proverbial 40 days of a thief. Police says it has arrested “a group of cyber fraudsters who have been impersonating Mrs Natasha Museveni Karugire and defrauding unsuspecting membe
Business •
08 Feb '26
Defence lawyer Elison Karuhanga (right) during the Katanga murder trial in Kampala on October 20, 2025. Photo | Juliet KigongoIn the Ugandan judicial system, for the prosecution to prove that an individual committed murder, it has to prove beyond a reasonable doubt four ingredients: the hu
Business •
07 Feb '26
Uganda’s flag carrier has this week made headlines for all the wrong reasons after it was revealed that Jenifer Bamuturaki, the Chief Executive Officer, will not serve in the position beyond July. The departure comes after the national carrier received a bad rap following a string of governance
Business •
31 Jan '26
From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank.When the Bank of Uganda (BoU)quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went o
Business •
29 Jan '26
Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the lender shifts its strategy to meet revised capital requirements while maintaining core credit and deposit services.KAMPALA