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KARUMA CASH CRISIS! UEGCL Profits Drop, Debt Soars to 81.6% as Power Plants Rot —Who is Sleeping on the Job?

KARUMA CASH CRISIS! UEGCL Profits Drop, Debt Soars to 81.6% as Power Plants Rot —Who is Sleeping on the Job?

Eleven years at the helm. Billions borrowed. Mega dams commissioned with pomp and glory. Yet today, hard questions are exploding over the management of Uganda Electricity Generation Company Limited as the December 2025 Auditor General’s report exposes troubling cracks in Uganda’s power genera

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Katikkiro warns parents against financial ruin for elite schools

Katikkiro warns parents against financial ruin for elite schools

The Katikkiro of Buganda, Charles Peter Mayiga, has cautioned parents against sacrificing their long-term financial stability in pursuit of enrolling their children in what he described as “Ivy League” schools.As schools across Uganda reopen for the first term, many families are feelin

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Finance Minister Kasaija Meets IFAD President Alvaro Lario in Rome

Finance Minister Kasaija Meets IFAD President Alvaro Lario in Rome

Rome, Italy — Uganda’s Minister of Finance, Planning and Economic Development, Matia Kasaija, has met the President of the International Fund for Agricultural Development (IFAD), Mr Alvaro Lario, in Rome, Italy, to discuss continued cooperation aimed at improving rural livelihoods and strengt

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SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation po

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BREAKING: Shock as Man’s Burnt Body is Found on Entebbe Airport Runway

BREAKING: Shock as Man’s Burnt Body is Found on Entebbe Airport Runway

Uganda’s CAA collects an aviation security fee of about $65 (roughly Shs240,000–Shs245,000) from the cost of each departing international passenger’s ticketEntebbe International Airport runwayUgandan aviation police are investigating how an unidentified man ended up dead on th

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NRM Candidate Wins Mayor Race for Kasangati Town Council Which is Where Bobi Wine Magere Home is Located

NRM Candidate Wins Mayor Race for Kasangati Town Council Which is Where Bobi Wine Magere Home is Located

Strategists inside NUP headquarters at Kavule have been left with no option but to agree with Dr. Kizza Besigye’s time-tested conclusion that the vote and mere balloting on its own can/will never remove Gen Museveni and his ruling NRM group from power. Nothing could have humbled such ever-bulli

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Government invests UGX1 trillion to expand loan capacity at UDB

Government invests UGX1 trillion to expand loan capacity at UDB

KYANKWANZI, Uganda — The government has allocated an additional 1 trillion shillings to the Uganda Development Bank this financial year, a move intended to lower the cost of credit and bolster the bank’s ability to fund large-scale private sector projects.Prime Minister Robinah Nabbanj

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PANIC AT NAGURU! Next Media Staff Brace for Axe as Secret Memo Sparks Fear

PANIC AT NAGURU! Next Media Staff Brace for Axe as Secret Memo Sparks Fear

Fear and whispered panic have gripped Next Media Services headquarters in Naguru after an internal memo hinted at a fresh round of restructuring that could leave dozens jobless.The memo, dated January 10, has sent shockwaves through the multi-media giant after management announced it was e

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Aponye Empire crumbles as banks list properties for auction over debt

Aponye Empire crumbles as banks list properties for auction over debt

The business empire of the late tycoon Apollo Nyegamehe, popularly known as Aponye, has been listed for public auction after failure to clear billions in outstanding loans, barely two years after his death.One of the Properties belonging to the late businessman Apollo Nyegamehe (inset) und

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Shs 5.3tn Karuma Dam Delivers Only 30% of Installed Power Capacity, Threatens Loan Repayments

Shs 5.3tn Karuma Dam Delivers Only 30% of Installed Power Capacity, Threatens Loan Repayments

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

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