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Ugandan banks blacklist over 100 MPs over contested election victories

Ugandan banks blacklist over 100 MPs over contested election victories

Banks have reportedly blocked loans to over 100 MPs facing election petitions as financial institutions seek to avoid losses if courts overturn their victories.More than 100 Members of Parliament, including several ministers, have reportedly been denied access to loans by commercial banks

Ultimate Uganda

PDM Boosts Household Incomes as Ntungamo Farmers Scale Coffee and Piggery Enterprises

PDM Boosts Household Incomes as Ntungamo Farmers Scale Coffee and Piggery Enterprises

The Parish Development Model is steadily reshaping rural livelihoods in Ntungamo District, with Shs46.2 billion already disbursed to 129 parishes to support smallholder enterprises in piggery, coffee, and beans.District officials say the programme is translating into visible household inve

Ultimate Uganda

SECRET SALE EXPOSED! Housing Finance Bank ‘Sells’ Najjera Couple’s Home as Court Restores Ownership

SECRET SALE EXPOSED! Housing Finance Bank ‘Sells’ Najjera Couple’s Home as Court Restores Ownership

Kampala, Media – The High Court has nullified the sale of a Najjera property that was previously repossessed and sold by Housing Finance Bank, ruling that the transaction was conducted irregularly, grossly undervalued, and failed to comply with legal requirements under mortgage recovery procedu

Ultimate Uganda

Wolves confirm departure of ten players after Premier League relegation including England ace Angel Gomes

Wolves confirm departure of ten players after Premier League relegation including England ace Angel Gomes

WOLVES have announced ten players have exited the club after their relegation from the Premier League.Wanderers finished rock bottom this past season with a staggering 24 losses and a mere three wins out of 38 Prem matches that led to just 20 points.A man in a light purple t-shirt c

Ultimate Uganda

Demolition of roadside businesses wipes out revenues, shatters dreams

Demolition of roadside businesses wipes out revenues, shatters dreams

The morning sun burns through the dusty roadside of Bulindo and Kitukutwe, falling on broken timber, bent iron sheets and torn tarpaulins scattered where small kiosks once stood.A place that was once filled with the smell of frying chapati, boiling tea, laughter from customers and women ca

Ultimate Uganda

Centenary Bank impounded a retired soldier’s vehicle over a loan. He went to court and lost

Centenary Bank impounded a retired soldier’s vehicle over a loan. He went to court and lost

The High Court has struck out a lawsuit filed by retired army officer Lt Grace Kafuko against Centenary Bank, saying that he waited too long to take legal action over his arrest and the impounding of his vehicle.Justice Joyce Kavuma agreed with Centenary Bank that Kafuko’s claims were fi

Ultimate Uganda

Man Utd’s 'next four signings decided' after sealing £35m Ederson deal

Man Utd’s 'next four signings decided' after sealing £35m Ederson deal

Manchester United are targeting five new signings this summer after agreeing a deal for Atalanta midfielder Ederson, who is set to become the first arrival of the Michael Carrick era. The Red Devils have just secured their return to the Champions League and, having contested only 40 matches acros

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Equity’s Best Year Ever: Profit Jumps 55%, Uganda Emerges Growth Star

Equity’s Best Year Ever: Profit Jumps 55%, Uganda Emerges Growth Star

Equity Group Holdings has posted the strongest financial performance in its history, reporting a record KSh75.5 billion (approximately UGX 2.15 trillion) profit after tax for the year ended December 2025, as regional subsidiaries, digital banking, and insurance operations powered a major growth s

Ultimate Uganda

Sale of Najjera Property was Unlawful, Court tells Housing Finance Bank

Sale of Najjera Property was Unlawful, Court tells Housing Finance Bank

The High Court has ruled that the sale of a mortgaged property in Najjera by Housing Finance Bank was unlawful, negligent, and conducted at a gross undervalue. Justice Susan Odongo delivered the decision in a case filed by Barnabas Samuel Aliku and Christine Mutesi Aliku, who accused the bank of

Ultimate Uganda

Gov’t scraps allowances for medical interns as training becomes part of university degree

Gov’t scraps allowances for medical interns as training becomes part of university degree

Medical interns will stop receiving government allowances starting August, 2026, as a new policy folds internship into the formal university education system.The change, approved by Cabinet in October 2024, means students will now complete their internship before graduating. That extends m

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