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
KAMPALA | Umeme Limited has warned shareholders and investors to expect another year of financial losses, marking the second consecutive year the company will close its books in the red, following the termination of its electricity distribution concession in Uganda.In a public notice issue
Kampala — Uganda’s flagship hydropower projects are operating far below their available generation capacity, raising concerns over revenue shortfalls and the country’s ability to service billions of dollars in Chinese loans used to build the plants, the Auditor General has warned.In
The Government of Uganda has signed financing agreements worth UGX 2.747 trillion to fund three major infrastructure projects aimed at strengthening power transmission, expanding water and sanitation services, and upgrading a key road corridor. The projects will be financed through externa
It is now established that the building is the abandoned IK Musaazi International Medical Research Centre, a project whose construction stalled over 20 years agoFresh information has emerged about the location where opposition leader Bobi Wine recorded one of his most talked-about videos s
The State House of Uganda has said the letter making rounds on social media purportedly authored by President Yoweri Kaguta Museveni approving a Shs2.5 billion grant to an “investor” is fake.According to the Special Presidential Assistant- Press and Mobilization also Deputy Presidentia
Parliament Approves Budget Framework Paper as MPs Return to Complete AppropriationParliament on Thursday approved the National Budget Framework Paper (NBFP) for FY 2026/27–2030/31, clearing the way for preparation of detailed budget estimates.The framework sets the fiscal andmonet
The Ministry of Education and Sports has released the official 2026 school calendar, setting the first term to begin Feb. 10 for pre-primary, primary and post-primary institutionsKAMPALA, Uganda — The government has ordered all educational institutions that opened for the 2026 academic y
Content creator Lord Elektra, real name Kyomuhangi Betnah, has publicly apologized to Christine Nampeera Tendo following a dramatic fallout that recently saw her spend a night in jail.The two, who had long presented themselves online as close “besties,” took to their respective Instagr
Kinshasa — Rumors have been circulating in recent days about the alleged assassination of former Congolese President Joseph Kabila. According to information sent to Fides, former Congolese President Joseph Kabila was killed on January 25 in an explosion at the building where he was meeting with
