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SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation po

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Auditor General Flags Billions Lost in Uganda’s Cost-Cutting RAPEX

Auditor General Flags Billions Lost in Uganda’s Cost-Cutting RAPEX

The government’s flagship cost-cutting reform, the Rationalisation of Government Agencies and Public Expenditure (RAPEX), has cost taxpayers tens of billions of shillings in disputed payouts, exposed serious asset mismanagement, and created fresh fiscal risks, the Auditor General’s 2026 repor

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Nursing officer charged over unauthorised surgery

Nursing officer charged over unauthorised surgery

John Bosco Otim, 37, an assistant nursing officer at Atutur General Hospital in the dock at Buganda Road Chief Magistrate’s Court over allegations of conducting an unauthorized surgical procedure and performing a negligent act likely to spread infection. PHOTO | JULIET KIGONGO. An assis

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Stealing in the name of Museveni’s Daughter: End of 40 Days for Four Suspected Fraudsters

Stealing in the name of Museveni’s Daughter: End of 40 Days for Four Suspected Fraudsters

Four suspected fraudsters who have been stealing in the name of Museveni’s daughter have seen the expiry of their proverbial 40 days of a thief. Police says it has arrested “a group of cyber fraudsters who have been impersonating Mrs Natasha Museveni Karugire and defrauding unsuspecting membe

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Auditor General demands tighter controls as tech giants pay Shs29b in tax

Auditor General demands tighter controls as tech giants pay Shs29b in tax

While digital tax collections from giants like Apple and Meta have hit 29.5 billion shillings, the Auditor General warns that a lack of independent verification is causing significant revenue leakage.Uganda has successfully collected 29.5 billion shillings from global tech firms, but the c

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Ex-Trade Ministry PS Ssali, MPs Mawanda, Akamba Return to Anti-Corruption Court in Shs3.8 Billion Fraud Case

Ex-Trade Ministry PS Ssali, MPs Mawanda, Akamba Return to Anti-Corruption Court in Shs3.8 Billion Fraud Case

Left to right: MPs Michael Mawanda, Paul Akamba, lawyer Julius Kirya, ex-Ministry of Trade PS Geraldine Ssali and Elgon MP Ignitius Mudimi Wamakuyu in the dock during the hearing of their case at the Anti-Corruption Court in Kampala on August 27, 2024.KAMPALA — Former Ministry of Trade P

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Aponye Empire crumbles as banks list properties for auction over debt

Aponye Empire crumbles as banks list properties for auction over debt

The business empire of the late tycoon Apollo Nyegamehe, popularly known as Aponye, has been listed for public auction after failure to clear billions in outstanding loans, barely two years after his death.One of the Properties belonging to the late businessman Apollo Nyegamehe (inset) und

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Museveni halts Central Bank directive on Sacco licensing

Museveni halts Central Bank directive on Sacco licensing

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

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Shs 5.3tn Karuma Dam Delivers Only 30% of Installed Power Capacity, Threatens Loan Repayments

Shs 5.3tn Karuma Dam Delivers Only 30% of Installed Power Capacity, Threatens Loan Repayments

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

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Finance Secures UGX 2.75 Trillion Financing Deals for Power, Water, and Roads

Finance Secures UGX 2.75 Trillion Financing Deals for Power, Water, and Roads

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

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