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Parliament SACCO struggles to release savings of 34 deceased MPs over widow wrangles

Parliament SACCO struggles to release savings of 34 deceased MPs over widow wrangles

The late Kawempe South MP Muhammad Ssegirinya’s case is the most complicated.The Uganda Parliamentary Savings and Credit Cooperative Organisation (SACCO) is withholding savings belonging to at least 34 deceased legislators due to bitter disputes among i

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Betty Nambooze Bakireke: How a Political Icon Drifted into a Fourth-Term Survival Crisis

Betty Nambooze Bakireke: How a Political Icon Drifted into a Fourth-Term Survival Crisis

Hon. Betty Bakireke Nambooze was once among the clearest symbols of defiance in Uganda’s opposition politics. Her courage under repression, sharp tongue, and legislative activism gave her a moral authority few politicians enjoyed. Yet as the 2026 elections approach, securing a fourth parliament

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BREAKING! Entebbe Aero Beach Tycoon, Kodet Lorika Dies at 84

BREAKING! Entebbe Aero Beach Tycoon, Kodet Lorika Dies at 84

Departed tycoon Cornelius Kodet with his children a few years agoThe proprietor of Entebbe Aero Beach, Cornelius Kodet Lorika has died after being bedridden for close to three years. The tycoon who passed on at about 8:00PM, Sunday night, 7th December, 2025 had undergone treatment in sever

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Poor legacy assets drag down PIC unlisted investment impairments

Poor legacy assets drag down PIC unlisted investment impairments

Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv

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China's exports grow 5.9% in November, while US shipments drop 29%

China's exports grow 5.9% in November, while US shipments drop 29%

FILE - Vehicles and trucks for export wait for transportation from a port in Yantai in eastern China's Shandong province on Jan. 2, 2025. (Chinatopix via AP, File) (ASSOCIATED PRESS)HONG KONG (AP) — China’s exports returned to growth in November following an unexpected contraction the

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GOLD SHOCK! FBI Agent, US Army Ranger, Embassy Staff Lose Sh1.6bn in Kampala Gold Scam

GOLD SHOCK! FBI Agent, US Army Ranger, Embassy Staff Lose Sh1.6bn in Kampala Gold Scam

Uganda’s notorious gold fraud syndicates have struck again—this time roping in high-profile foreign operatives, including a former FBI Special Agent, a former U.S. Army Ranger, and a U.S. Embassy employee in Sierra Leone, in what is shaping up to be one of the most dramatic cross-border scams

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Parliamentary Sacco Assets Rise 14% to Shs 86.3bn

Parliamentary Sacco Assets Rise 14% to Shs 86.3bn

Uganda Parliamentary SACCO has registered growth in its assets base in the last financial Year 2024-2025.The SACCO current assets stands at 86.3 billion from 75.8 billion in the FY 2023/2024 representing a 14% growth.The CEO of the sacco Mureebe Methods Muhakuna revealed this during

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Central Bank of Russia eases restrictions, opens mutual funds to crypto investments

Central Bank of Russia eases restrictions, opens mutual funds to crypto investments

Russia’s relationship with crypto has swung between crackdowns and cautious acceptance, and its latest moves show that this balancing act is far from over.After first pushing in 2022 to block all crypto issuance, trading, and mining over concerns about financial stability and monetary so

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President Museveni’s Empowerment Drive Sees 300 Motorcycles Handed Over to Kawempe Boda Boda SACCOs

President Museveni’s Empowerment Drive Sees 300 Motorcycles Handed Over to Kawempe Boda Boda SACCOs

President Yoweri Kaguta Museveni’s nationwide initiative to economically empower grassroots groups has once again taken centre stage, with 300 brand-new motorcycles handed over to boda boda riders under various SACCOs in Kawempe.The handover ceremony, held at Growers Playground in Kawemp

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Centre auctions 3 coal blocks, likely to attract Rs 7,350 crore investment

Centre auctions 3 coal blocks, likely to attract Rs 7,350 crore investment

Centre auctions 3 coal blocks, likely to attract Rs 7,350 crore investmentlokmattimes.com55minNew Delhi, Nov 25 The Ministry of Coal on Wednesday successfully completed the auction of three coal blocks ...Centre auctions 3 coal blocks, likely to attract Rs 7,350 crore

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