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
KAMPALA | Umeme Limited has warned shareholders and investors to expect another year of financial losses, marking the second consecutive year the company will close its books in the red, following the termination of its electricity distribution concession in Uganda.In a public notice issue
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
The government has rejected claims by the opposition National Unity Platform (NUP) that security forces have turned the home of party leader Robert Kyagulanyi Ssentamu, popularly known as Bobi Wine, into a prison.Speaking in Parliament on Thursday, Minister of Internal Affairs Gen. David M
The cracks inside Standard Chartered Bank are no longer whispers — they are now headline news.As the British banking giant retreats from struggling markets, its top executives are heading for the exit and its once-proud retail empire in Uganda has collapsed into a fire sale.In the
President Yoweri Museveni has accused the police of negligence, alleging that they allowed opposition supporters to intimidate members of the ruling National Resistance Movement (NRM), thereby preventing some from voting during the January 15 presidential and parliamentary elections.Museve
The ruling NRM party has already begun framing the possible defeat of incumbent Lord Mayor Erias Lukwago as a consequence of his contentious relationship with President Yoweri Museveni and refusal to work closely with the his leadership.As results from the Kampala Lord Mayor election conti
Mwenda said that if he were in the NUP leader’s position, he would concede defeat after the elections and seek a working relationship with Museveni. Veteran journalist and political commentator Andrew Mwenda has urged National Unity Platform (NUP) leader Bobi Wine to reconsider his post-
Speaker Anita Among congratulated the winners in the recently held parliamentary elections as the house convened to pay tribute to fallen colleague Stella Apolot Isodo, who was until January 17 the Ngora District Woman MP.Speaker Anita Among said the newly elected MPs are set to be sworn i
Tension erupted at Buguzi Polling Station in Bunyangabu District after the arrest of a presiding officer attached to the Uganda Electoral Commission (@UgandaEC). The incident occurred during the ongoing local government elections and quickly drew the attention of voters, security personnel, and e
