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
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
Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the lender shifts its strategy to meet revised capital requirements while maintaining core credit and deposit services.KAMPALA
Several senior NRM figures opposed the endorsement of Speaker Anita Among and Deputy Speaker Thomas Tayebwa during a closed-door party meeting, but President Museveni overruled the dissent and rallied the party behind the duo’s second-term bid.Influential figures within the ruling Nation
Former Leader of Opposition in Parliament and Democratic Front (DF) leader, Mathias Mpuuga, has lost his Nyendo-Mukungwe parliamentary seat in the 2026 general elections.Mpuuga was defeated by National Unity Platform (NUP) flag bearer Lubowa Ssebina Gyaviira.Mpuuga, who was elected
In the last couple of weeks Moses Byaruhanga appeared in viral videos and several articles giving money to market vendors in Kampala, meat vendors in Lukaya and Kayunga, Muslims in Kiboga and later while giving 1Bn to private security guards’ SACCO which made a lot of our readers to ask us to p
The NRM presidential candidate, Mr Yoweri Museveni, has hit out at Opposition politicians who he described as inferior and inexperienced to lead the masses.Mr Museveni cautioned voters to desist from giving mandate to inexperienced politicians, especially from the Opposition whose focus he
In an unprecedented turn of events that has left Kyotera buzzing, President Yoweri Museveni has lavished praise on two of the National Resistance Movement’s (NRM) most powerful figures—Haruna Kasolo and Patrick Kintu Kisekulo—who, despite their bitter rivalry, have united in a groundbreakin
As Mityana District prepares for the next parliamentary elections, a strong case is emerging for Judith Nabakooba to reclaim her position as Woman Member of Parliament. Her track record in public service, spanning law enforcement, legislative leadership, ministerial reforms, and community
David Kalyango, the Executive Director of Supervision at the Bank of Uganda, explained the vision: ensuring that every Ugandan, no matter their type of work, can access credit to grow businesses, boost investments, and drive development.The Bank of Uganda has been locked in a heated debate
