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PHILIP KARUGABA: Why The Sovereignty Bill Must Be Withdrawn

PHILIP KARUGABA: Why The Sovereignty Bill Must Be Withdrawn

There is an unwritten rule, supported by parliamentary precedent, that where substantial amendments are made to a Bill, that Bill must be withdrawn, redrafted, re-gazetted and reintroduced to Parliament at first reading.The rationale for this rule is that the Bill is no longer that which w

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Lango Leaders Present Five-year Development Agenda to Gen. Salim Saleh

Lango Leaders Present Five-year Development Agenda to Gen. Salim Saleh

Nakaseke, Uganda | Leaders from Lango sub-region, led by the Paramount Chief (Won-Nyaci) His Highness Eng. Dr. Moses Michael Odongo Okune, have presented a comprehensive five-year development memorandum to the Chief Coordinator of Operation Wealth Creation, Gen. Caleb Akandwanaho, also known as S

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PDM SACCO membership expanded to include all parish residents

PDM SACCO membership expanded to include all parish residents

The government has announced a series of reforms to the Parish Development Model SACCOs aimed at strengthening governance, improving transparency, and expanding community participation. The changes follow concerns over exclusion, weak oversight, and reported cases of misuse of funds in some areas

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First oil transition takes focus at Oil and Gas Convention, banks urged to seize operational opportunities

First oil transition takes focus at Oil and Gas Convention, banks urged to seize operational opportunities

Minister of Energy and Mineral Development- Hon. Dr. Canon Ruth Nankabirwa (3L) paid a courtesy visit to the I&M Bank booth where she was welcomed by staff during the Oil and Gas Convention.The 11th Annual Oil and Gas Convention 2026 opened on Tuesday, 28 April, at Speke Resort Munyony

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Labour Day: Inside Mbale park’s daily influx of young workers

Labour Day: Inside Mbale park’s daily influx of young workers

At the break of dawn, before Mbale City fully wakes, the Mbale-Kampala road, which leads to Mbale-Sino Industrial Park, is already alive.Thousands of young men and women move from either direction of the road, most of them on foot and a few others on boda bodas, from their respective villa

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Museveni Clarifies Sovereignty Bill: ‘It is About Policy, Not Private Money’

Museveni Clarifies Sovereignty Bill: ‘It is About Policy, Not Private Money’

Independence means the right to make our own mistakes if necessary and learn from themPresident Yoweri Kaguta Museveni has moved to de-escalate growing public anxiety over the proposed Sovereignty Bill, dismissing claims that the legislation aims to stifle foreign investment or block finan

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Silenced markets: Street traders count losses after city evictions

Silenced markets: Street traders count losses after city evictions

dawn, the usual bustle of business across Uganda’s blossoming cities and towns is missing.Where voices once competed with the clatter of weighing scales and the bargaining cries of customers, there is now an edgy silence.Piles of empty wooden stalls still lie broken, some reduced

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DTB Uganda Earns Top Recognition  at URA Bankers' Conference

DTB Uganda Earns Top Recognition at URA Bankers' Conference

Diamond Trust Bank (DTB) Uganda has been recognized as a standout performer in the financial sector, earning the first runner-up award for best in client service at the 8th Bi-annual Uganda Revenue Authority (URA) Bankers appreciation conference ..The ceremony, hosted at the Mestil Hotel i

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Housing Finance Bank’s net profit up 20% to Shs 85.4 billion

Housing Finance Bank’s net profit up 20% to Shs 85.4 billion

Housing Finance Bank posted a net profit of Shs 85.4 billion for the year ended December 31, 2025, marking a 20 per cent increase from Shs 71.1 billion recorded in 2024, as the lender reported strong growth across key financial indicators.The bank’s total assets rose by 15 per cent to Sh

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Pearl Bank Unveils Kololo Headquarters as Rebrand Signals Strategic Shift

Pearl Bank Unveils Kololo Headquarters as Rebrand Signals Strategic Shift

Pearl Bank Uganda, formerly PostBank, has opened a new head office in Kololo, backed by strong financial growth and a broader strategy to reposition itself as a modern, digitally driven institution focused on expanding credit and deepening financial inclusion.A new phase in Uganda’s bank

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