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
Inspire Africa Group CEO Nelson Tugume says Uganda is positioning itself to become a global coffee destination through the development of the Smart Coffee City, building on the progress already made at the Africa Coffee Park in Ntungamo District.Speaking on NBS Morning Breeze, Tugume said
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
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
The government has rejected claims by the opposition National Unity Platform (NUP) that security forces have turned the home of party leader Robert Kyagulanyi Ssentamu, popularly known as Bobi Wine, into a prison.Speaking in Parliament on Thursday, Minister of Internal Affairs Gen. David M
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
The Advisory Committee on the Prerogative of Mercy has declined to advise the President on granting clemency to exiled president of the Uganda Law Society, Isaac Ssemakadde.The decision, conveyed in a letter signed on behalf of the Solicitor General by John Bosco Rujagaata Suuza, director
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
President Yoweri Museveni’s attempts to bring stability and lasting peace back to Uganda are a clear example of his legacy. After the country gained independence in 1962 and struggled to get going for the next two decades, he stepped in and played a key role in putting an end to the bloody wars
Music star Eddy Kenzo has confirmed that he will not be attending this year’s Grammy Awards ceremony, despite earning a nomination.The award-winning singer, real name Edirisa Musuuza, revealed that he has too many duties and responsibilities to handle back home, making it impossible for
