Eleven years at the helm. Billions borrowed. Mega dams commissioned with pomp and glory. Yet today, hard questions are exploding over the management of Uganda Electricity Generation Company Limited as the December 2025 Auditor General’s report exposes troubling cracks in Uganda’s power genera
UDB Managing Director Patricia Ojangole addresses stakeholdersKAMPALA — The Uganda Development Bank has secured a 40 million euro credit line, approximately 169 billion shillings, from the French Development Agency to expand financing for enterprises across the country.The facilit
The Tilenga oil fields development project is located in the Lake Albert region of Uganda.KAMPALA — Uganda’s Lake Albert development has passed a decisive technical threshold, with drilling at the Tilenga oil field now exceeding the minimum capacity required to trigger commercial produ
Energy and Mineral Development Minister, Ruth Nankabirwa sign deal with Kenya to participate in the upcoming Initial Public Offering (IPO) of the Kenya Pipeline Company (KPC)Kampala, Uganda | THE INDEPENDENT | New details have emerged about Uganda’s participation in the Kenya Pipeline Co
A power sector storm is brewing in Uganda as internal conflicts at the Electricity Regulatory Authority (ERA) intersect with national energy supply challenges, threatening to further destabilize an already fragile economic lifeline.According to insiders, senior staff at ERA allege that Chi
President Yoweri Kaguta Museveni has today received Letters of Credence from six Ambassadors-designate accredited to the Republic of Uganda at State House Entebbe.The Ambassadors who presented their credentials are: H.E. Mr. Ahmed Mohammed Abdulrahman Abdullah Al-Zweidi, Ambassador-designa
KAMPALA — Spiro, an electric mobility company with operations in Uganda, has secured $50 million in debt funding to expand its battery-swapping infrastructure and electric vehicle fleet across Africa.The funding round, announced Tuesday, included participation from Afreximbank and two ne
Uganda has received its first 19,200 doses of Lenacapavir, a twice-yearly injectable HIV prevention drug supported by the Global Fund and PEPFAR, targeting high-burden districts to curb new infections.Lenacapavir, a twice-yearly HIV prevention injection, is now accessible in Uganda.
South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up
The widow of former minister Arthur Kinyanjui Magugu has been allowed to pursue a case challenging the ownership of a parcel of land in Nairobi worth Sh17 billion.The Environment and Land Court ruled that Ms Margaret Wairimu Magugu should be allowed to argue her case, especially after argu
