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
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
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
From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank.When the Bank of Uganda (BoU)quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went o
Kampala — Uganda’s communications regulator has ordered television broadcasters to immediately stop running split-screen advertisements during news and current affairs programmes, ruling that the practice violates national advertising and broadcasting standards.The directive follows a
KAMPALA, Uganda — Security agencies have launched a massive investigation into a sophisticated gold-smuggling ring allegedly used to funnel untraceable international funds into the 2026 general election, sparking fears of a foreign-backed plot to destabilize the country.At the center of
The Kamuli District Chief Administrative Officer (CAO) and Chief Finance Officer (CFO) have been arraigned and charged in court over alleged embezzlement of over Shs600M meant for roads rehabilitation and maintenance.The duo was presented before the Anti-Corruption Court in Kololo, Kampala
Sudhir RupareliaKampala — The High Court has dismissed an application by Meera Investments Ltd, led by businessman Dr. Sudhir Ruparelia, seeking to have dfcu Bank cited for contempt of court over failure to restore dozens of properties, ruling that the bank was protected by a valid court
The technology is particularly useful for rural communities, islands, border areas and for providing backup connectivity when ground networks are disruptedKampala — Airtel Uganda will this Friday unveil a partnership with Elon Musk’s Starlink, aimed at improving mobile network coverage
A team from the China-Uganda Mbale Industrial Park briefs President Museveni and First Lady Janet Museveni. Far right is Luke Wang, Managing Director, Tian Tang Group, and Lucy Zhang, Group CEORWAKITURA, Uganda | THE INDEPENDENT | President Yoweri Museveni has approved a proposal to estab
