Business •
31 Jan '26
Abitex and Bajjo face possible jail after being accused of misusing over UGX 3 billion in government SACCO funds meant to support Ugandan promoters.Abitex, Bajjo Face Jail Over Misused SACCO FundsTop Ugandan events promoters, including Abitex and Bajjo, are facing possible jail time
Business •
31 Jan '26
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
Business •
31 Jan '26
KAMPALA — Uganda’s Chief of Defence Forces, Muhoozi Kainerugaba, has apologised to the United States and formally walked back earlier social media remarks that had cast doubt on ongoing military cooperation between Kampala and Washington.In a statement posted on X on Friday morning, Ge
Business •
31 Jan '26
President Museveni claimed that one million fake ballots were printed locally in Kampala, while 1.7 million were printed in Dubai and smuggled into Uganda, allegations he said were uncovered after the previous election cycle.Kampala, Uganda: President Yoweri Kaguta Museveni has alleged tha
Business •
31 Jan '26
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
Business •
30 Jan '26
On why security forces continue to surround Bobi Wine’s home, the minister said the government feared what might happen at the home if large numbers of people are allowed to gather there.The government has defended the continued presence of security forces at the Magere home of National
Business •
30 Jan '26
Three people have been reported dead in a fatal accident that happened in Buwolya Town council Mayuge district on Wednesday 28th January 2026 at around 5.40pm.Busoga East Regional Police spokesperson, ASP Michael Kasadha said the accident involved a vehicle Mitsubishi Fuso Reg. No. UAR 142
Business •
30 Jan '26
Inspire Africa Group CEO Nelson Tugume says Uganda is positioning itself to become a global coffee destination through the development of the Smart Coffee City, building on the progress already made at the Africa Coffee Park in Ntungamo District.Speaking on NBS Morning Breeze, Tugume said
Business •
30 Jan '26
The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69.399 trillion, reflecting a tighter fiscal stance even as efforts intensify to boost domestic revenue and reduce reliance on bor
Business •
30 Jan '26
The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69.399 trillion, reflecting a tighter fiscal stance even as efforts intensify to boost domestic revenue and reduce reliance on bor