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Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Government has quietly converted a Shs7.78 trillion temporary advance from the Bank of Uganda into long term public debt, a move that will see taxpayers commit to years of repayments amid rising pressure on the country’s finances.According to the Parliamentary Committee on Finance report

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Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Uganda Clays may have bought time, but not certainty. Beneath the return to profit lies a balance sheet still under strain, propped up by deferred obligations and a partially unsecured NSSF loan. Its recovery, while visible, remains fragile. The real test will come when repayments begin, when imp

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Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds

Uganda’s banking industry has mounted a formal and detailed opposition to the proposed Protection of Sovereignty Bill, 2026, warning that its provisions could disrupt financial intermediation, deter foreign investment, and undermine the country’s broader economic growth strategy.In a l

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Uganda Courts Chinese Investors in Push for ATMS-Led Economic Transformation

Uganda Courts Chinese Investors in Push for ATMS-Led Economic Transformation

Uganda has taken a significant step toward advancing its long-term economic transformation agenda after the Ministry of Finance hosted a 40-member Chinese investor delegation exploring joint venture opportunities across the country’s priority ATMS pillars: Agriculture, Tourism, Manufacturing, a

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Not Yet Enough! Lubowa Hospital Saga Deepens As Gov’t Seeks More UGX100 Billion

Not Yet Enough! Lubowa Hospital Saga Deepens As Gov’t Seeks More UGX100 Billion

The Ministry of Health Uganda has requested UGX100 billion in the 2026/27 financial year to operationalise the long-awaited International Specialised Hospital of Uganda, as construction reaches 70 percent completion.Health Minister Jane Ruth Aceng revealed the funding request while present

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Government Threatens Closure of New Best Hotel Over Alleged Misconduct

Government Threatens Closure of New Best Hotel Over Alleged Misconduct

Kampala — Authorities have issued a warning to New Best Hotel following reports of alleged misconduct at its premises, raising concerns over violation of operational guidelines.According to information obtained by this publication, government officials are considering closing the establi

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Gov’t seeks Shs100b to operationalise Lubowa Hospital as completion set for December 2026

Gov’t seeks Shs100b to operationalise Lubowa Hospital as completion set for December 2026

Lubowa Hospital, which has consumed close to a trillion shillings without completion.The Government has unveiled plans to spend Shs100 billion to operationalise the International Specialised Hospital Lubowa as construction advances toward completion scheduled for December 2026.Healt

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New Ssezibwa Arch Bridge to boost trade, connectivity in Kayunga

New Ssezibwa Arch Bridge to boost trade, connectivity in Kayunga

The Ssezibwa Arch Bridge is the first of its kind in Uganda and is designed with a lifespan of up to 120 years, offering improved durability and environmental compatibility, including better water and vegetation flow beneath the structure.The new Ssezibwa Arch Bridge in Kayunga District ne

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Uganda to Launch First National IP Peering Exchange to Boost Local Internet Performance

Uganda to Launch First National IP Peering Exchange to Boost Local Internet Performance

AhimbisibweKampala, Uganda – The National Information Technology Authority–Uganda (NITA-U), in partnership with the Ministry of ICT and National Guidance, has announced the imminent launch of the National IP Peering Exchange (NIPX), the country’s first neutral and open Internet Excha

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French court to rule on Lafarge funding of Syria jihadists

French court to rule on Lafarge funding of Syria jihadists

Lafarge is accused of paying millions of dollars in 2013 and 2014 to jihadist groups and intermediaries to keep its plant operating in northern SyriaLafarge is accused of paying millions of dollars in 2013 and 2014 to jihadist groups and intermediaries to keep its plant operating in northe

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