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Directors Face Jail as Uganda Government Investigates 20 Gold Companies: Police & Energy Ministry Inquiring into Alleged Fraud

Directors Face Jail as Uganda Government Investigates 20 Gold Companies: Police & Energy Ministry Inquiring into Alleged Fraud

The chief police publicist Kituma Rusoke has corroborated the Energy Ministry’s Geology & Mining Commissioner Agnes Alaba’s information indicating that a total of not less than 20 private companies involved in gold deals in Uganda are currently being investigated.That the companies

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Uganda Economy Shows Strong Momentum Despite Shilling Depreciation

Uganda Economy Shows Strong Momentum Despite Shilling Depreciation

KAMPALA – Uganda’s economy continues to show signs of steady recovery and strengthening activity, supported by rising demand, increased business confidence, and strong export performance, according to the latest Performance of the Economy Report for March 2026 released by the Ministry of Fina

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Museveni to Launch New Cement, Clinker Factory in Karamoja

Museveni to Launch New Cement, Clinker Factory in Karamoja

President Museveni is set to commission an over $300 million cement plant launch, a move that signals a new era for Karamoja and Uganda’s industrial growth.Yaobai Cement Uganda will officially launch its state-of-the-art cement plant in Moroto, in a landmark investment set to reshape Uga

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Nakalema meets Forbes Africa team to shape 2026 investment outlook

Nakalema meets Forbes Africa team to shape 2026 investment outlook

State House Investors Protection Unit head Edith Nakalema has engaged the Forbes Africa editorial team ahead of its Uganda 2026 Report, outlining efforts to strengthen investor protection, curb fraud, and position Uganda as a competitive destination amid its emerging oil economy.The Head o

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Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Uganda’s banking industry has mounted a formal and detailed opposition to the proposed Protection of Sovereignty Bill, 2026, warning that its provisions could disrupt financial intermediation, deter foreign investment, and undermine the country’s broader economic growth strategy.In a l

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Uganda Courts Chinese Investors in Push for ATMS-Led Economic Transformation

Uganda Courts Chinese Investors in Push for ATMS-Led Economic Transformation

Uganda has taken a significant step toward advancing its long-term economic transformation agenda after the Ministry of Finance hosted a 40-member Chinese investor delegation exploring joint venture opportunities across the country’s priority ATMS pillars: Agriculture, Tourism, Manufacturing, a

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Museveni Mourns Archbishop Kaziimba’s Dad

Museveni Mourns Archbishop Kaziimba’s Dad

President Museveni has expressed heartfelt condolences following the death of late Besweri Kaddu, father of the Archbishop of the Church of Uganda, The Most Rev. Dr. Stephen Samuel Kaziimba Mugalu, who passed away on Tuesday at Mengo Hospital.He was 92.In a message delivered by Vice

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CMI Joins State House in Probe of Shs 13Bn Gold Scam

CMI Joins State House in Probe of Shs 13Bn Gold Scam

The Chieftaincy of Military Intelligence (CMI) has joined the State House Anti-Corruption Unit in investigating a high-profile gold scam in which investors lost approximately Shs 13 billion.The case centers around a businessman identified as Ali Muhammad, a Ugandan of Somali origin, who is

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M7 Favorite Pharma Investor Magoola, In Whom Govt Sunk Ugx700bn, Runs Broke; Workers Go Months Without Pay

M7 Favorite Pharma Investor Magoola, In Whom Govt Sunk Ugx700bn, Runs Broke; Workers Go Months Without Pay

All isn’t well at the Matuga-based DEI Pharma, a multi-billion pharmaceutical manufacturing enterprise based at Matugga along Kampala-Bombo Road.The company, which is meant to manufacture pharmaceutical products for both the local market and for export purposes, has about 100 employees.

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Ugandan Lawyer and Businessman Charles Odere Appeals USD400,000 Arena Mall Ruling

Ugandan Lawyer and Businessman Charles Odere Appeals USD400,000 Arena Mall Ruling

What began as a claim over a USD 400,000 shareholder loan has evolved into a complex legal battle that cuts across project finance, shareholder rights, and cross-border dispute resolution.At its core, the case now pits Charles Odere, the subordinated lender seeking repayment, against a con

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