Metaplanet, a Japanese public company, has recently decided to boost its Bitcoin holdings as part of its strategy to manage economic challenges. The company raised 4 billion yen (around $26.39 million) by issuing ordinary bonds to EVO Fund, a debt and financing
Photo of Uganda shillings ( Photo For Illustration only)Uganda has faced numerous corruption scandals over the years, leading to significant financial losses and public outcry. Here are some of the most notable ca
The upcoming 2026 elections in Uganda are already causing divisions within political parties, especially the National Unity Platform (NUP).A notable example is the disagreement between Nasif Najja, the Wakiso dist
In a shocking case of international fraud, where ruthless Ugandans fleeced an American investor Robert Tunner in a fake gold deal, Stanbic Bank officials are said to be in panic mode as DPP sanctions their files for immediate arrest and prosecution. These top ma
An investigation into the recent arrest of accountant general Lawrence Semakula and eight other Finance ministry staff has drawn in the names of Kiryowa Kiwanuka and Ramathan Gggobi as being at the centre of a conspiracy to mudsling and punish Semakula.
The permanent secretary and secretary to the treasury Ramathan Ggoobi has interdicted the nine officials from the finance ministry under the Accountant General’s office.This follows an investigation in the minis
A massive scandal involving a Shs 1 trillion project has rocked the National Information Technology Authority of Uganda (NITA-U) as the World Bank uncovers significant corruption and mismanagement. The Uganda Digital Acceleration Project (UDAP), worth USD 200 million (about Shs 1 trillion), has b
President Yoweri Museveni has called upon Ugandans to take advantage of the Parish Development Fund in order to create wealth for their families.Several sources have confirmed that President Yoweri Museveni who wa
Following the freeze on US foreign aid, Uganda’s Ministry of Health asked health workers supported by USAID and the Centers for Disease Control and Prevention (CDC) to continue their work as volunteers "in the spirit of patriotism."
As the political race for Aruu County’s Member of Parliament seat intensifies, the stakes are higher than ever. With the 2026 elections fast approaching, Charles Ochora, backed by the National Unity Platform (NUP), is gaining momentum, positioning himself as a
