President Yoweri Museveni has directed the Bank of Uganda (BoU) to halt threats and directives aimed at forcing Savings and Credit Cooperative Organisations (Saccos) to apply for licences, arguing that the Central Bank should limit its role to oversight rather than direct control.The direc
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
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 Museveni campaigned in Lango, urging supporters to protect peace and development gains. Get the details on his NRM party's platform and promises.Presidential candidate Robert Kasibante has petitioned the Supreme Court seeking to nullify the declaration of President Yoweri Kaguta
Democratic Front (DF) party president Mathias Mpuuga has strongly rejected the presidential and parliamentary election results announced by the Electoral Commission (EC), saying the entire process was deeply flawed and did not reflect the true will of the people.Mpuuga said the elections w
In every election cycle, history is summoned to the dock, not as a witness to be questioned, but as an exhibit to be defended. In Uganda’s current political season, President Yoweri Kaguta Museveni’s enduring slogan, “Protecting the Gains,” has re-emerged with renewed force and urgency. I
Government has dismissed claims iof a planned internet shutdown during the 2026 elections, warning media and digital platforms against misinformation and irresponsible election coverage.Permanent Secretary at the Ministry of ICT and National Guidance Dr. Aminah Zawedde addresses the media
2025 has been of both challenges and opportunities. We’ve continued to deepen access to our services and extend financial inclusion to the underserved. By the end of this year, we’re looking at over 14.5 million individual users, which is a significant jump from 13.8 million in 2024. Our targ
Whether you’re facing unexpected expenses, need to pay school fees, or want to grab a timely opportunity, Equity Bank Uganda’s salary loans are designed to support your financial goals quickly and conveniently.Here’s a complete guide on how to apply, what you’ll need, and how to ma
The United States Ambassador to Uganda, H.E. William Popp, is among nearly 30 ambassadors and senior overseas diplomats quietly recalled by the Trump administration as part of a wide-ranging reshuffle at the State Department, according to a report by The Guardian. The recalls, which were c
