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
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
Mbale, Uganda | THE INDEPENDENT | Vivo Energy Uganda has commissioned a Liquefied Petroleum Gas (LPG) filling and storage plant in Mbale City as part of its strategy to expand access to clean, safe and reliable cooking energy in Eastern Uganda.The facility was commissioned by Mbale City De
Music star Eddy Kenzo has confirmed that he will not be attending this year’s Grammy Awards ceremony, despite earning a nomination.The award-winning singer, real name Edirisa Musuuza, revealed that he has too many duties and responsibilities to handle back home, making it impossible for
The Uganda Peoples’ Defence Forces (UPDF) has elected 10 military representatives to Parliament following a vote by the Defence Forces Council electoral college, ahead of the 2026–2031 parliamentary term. The election, conducted in accordance with the Constitution of Uganda and the Par
Ugandan municipal elections were hit by low voter turnout and claims of fraud, with officials in Masaka and Soroti reporting ballot stuffing and arrests during the mayoral polls.Polling stations across Uganda were hit by a combination of low turnout and reports of widespread malpractice on
Elevated government spending coupled with widespread voter bribery and campaign expenditure has resulted in inflation spikes in recent elections, such as the 2011 elections which sparked the famous “walk to work” protests.The Permanent Secretary and Secretary to the Treasury (PSST), Dr
Stanbic Bank has launched a new housing project in Kasanje, offering a 16.5% mortgage rate to help Ugandans own homesKASANJE, Uganda — Stanbic Bank, in partnership with Quesi Properties, has officially launched the first phase of La Valle estate, a residential development in Wakiso distr
President Yoweri Kaguta Museveni has commissioned PRO Industries Pte Limited’s ethanol and extra-neutral alcohol (ENA) manufacturing plant in Ndibulungi Village, Luwero District, marking a major milestone in Uganda’s agro-industrial growth.The state-of-the-art facility positions Uganda
2025 has been of both challenges and opportunities. We’ve continued to deepen access to our services and extend financial inclusion to the underserved. By the end of this year, we’re looking at over 14.5 million individual users, which is a significant jump from 13.8 million in 2024. Our targ
