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Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Government has quietly converted a Shs7.78 trillion temporary advance from the Bank of Uganda into long term public debt, a move that will see taxpayers commit to years of repayments amid rising pressure on the country’s finances.According to the Parliamentary Committee on Finance report

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Two dead on spot as car, motorcycle collide in Budaka

Two dead on spot as car, motorcycle collide in Budaka

The Mercedes Benz (registration number UBE 954L, silver) was travelling in the opposite direction when the driver allegedly attempted a careless overtaking manoeuvre, leading to a head-on collision.Wreckage of the Mercedes Benz involved in a fatal head-on collision with a motorcycle along

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Uganda forced to rethink financing as donor cuts disrupt UN programmes

Uganda forced to rethink financing as donor cuts disrupt UN programmes

KAMPALA — A sudden withdrawal of donor funds has pushed Uganda and its development partners to confront a difficult reality: the era of relying heavily on external aid is becoming increasingly uncertain.The shift comes into sharper focus as the Kampala Geopolitics Conference 2026 opened

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Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Uganda Clays may have bought time, but not certainty. Beneath the return to profit lies a balance sheet still under strain, propped up by deferred obligations and a partially unsecured NSSF loan. Its recovery, while visible, remains fragile. The real test will come when repayments begin, when imp

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MTN, Airtel Ask Gov’t to Reduce Mobile Money Withdrawal Charges

MTN, Airtel Ask Gov’t to Reduce Mobile Money Withdrawal Charges

PARLIAMENT – MTN Uganda and Airtel Uganda have urged the government to slash the excise duty on mobile money withdrawals from 0.5 percent to 0.25 percent and introduce a cap of Shs5,000 per transaction.The telecom giants made the appeal on Wednesday when their officials appeared before P

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Ugandans urged to turn up for Muhoozi birthday run at Kololo

Ugandans urged to turn up for Muhoozi birthday run at Kololo

KAMPALA — The Secretary General of the Patriotic League of Uganda (PLU) and Kasambya County Member of Parliament, Hon. David Kabanda, has called on Ugandans to participate in large numbers in the upcoming birthday run organized in honor of Gen. Muhoozi Kainerugaba.The run is scheduled to

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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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Gen. Muhoozi takes over road contracts

Gen. Muhoozi takes over road contracts

Kampala, Uganda | JULIUS BUSINGE | In the quiet hours of April 11, at exactly 02:20am East African Standard Time, Muhoozi Kainerugaba, the Commander of the UPDF and Senior Presidential Advisor on Special Operations, dropped a message that would ripple across Uganda’s governance and infrastructu

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Parliament Faces Renewed Corruption Allegations Over Budget Process

Parliament Faces Renewed Corruption Allegations Over Budget Process

Critics and analysts allege entrenched bribery networks in budget approvals, while Parliament defends itself against claims of systemic corruption.Political actors and analysts have renewed concerns over what they describe as growing and systemic corruption within Uganda’s Parliament, al

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URA customs officer Rejects shs.300m Bribe after Uncovering $10m hidden in Container

URA customs officer Rejects shs.300m Bribe after Uncovering $10m hidden in Container

A female customs officer at the Uganda Revenue Authority (URA) has been recognized for exceptional integrity after rejecting a bribe of Shs 300 million and uncovering a concealed shipment of cash amounting to $10 million (about Shs 37 billion). The officer, whose identity has not been disc

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