KYANKWANZI, Uganda — The government has allocated an additional 1 trillion shillings to the Uganda Development Bank this financial year, a move intended to lower the cost of credit and bolster the bank’s ability to fund large-scale private sector projects.Prime Minister Robinah Nabbanj
With the 2026 general elections pretty much done and dusted, many Ugandans find themselves once again reflecting on a familiar outcome of an election cycle that promised change, ignited hope, and ultimately reinforced the same power structure.It is now important to examine not just the ele
President Yoweri Museveni has urged judicial officers to prioritise Alternative Dispute Resolution (ADR) mechanisms as a way of addressing Uganda’s long-standing case backlog. Museveni said judges must actively manage cases and guide litigants towards appropriate resolution mechanisms, noting t
MTN Mobile Money Uganda has announced a major leadership transition, with Chief Finance Officer Sarah Bateta Okwi appointed Acting Managing Director and CEO, following the decision by Richard Yego to step down from his role.According to official communication from the company, Yego will ex
Kampala, Uganda | THE INDEPENDENT | The People’s Front for Freedom has called for an independent audit of Uganda’s 2026 general elections. They accuse the Electoral Commission (EC), the military and state security agencies of presiding over what it described as an “industrial-scale electora
Masaka– Newly elected Bukoto East Member of Parliament Hon. Sarah Babirye Kityo has advised President Yoweri Kaguta Museveni to strengthen the National Resistance Movement’s (NRM) foothold in the Central Region by fostering closer ties with communities through regular consultations and engage
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
It is now established that the building is the abandoned IK Musaazi International Medical Research Centre, a project whose construction stalled over 20 years agoFresh information has emerged about the location where opposition leader Bobi Wine recorded one of his most talked-about videos s
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
