Search Results

Government rallies Pearl Bank to take on foreign banks after Shs47bn profit surge

Government rallies Pearl Bank to take on foreign banks after Shs47bn profit surge

State Minister for Investment and Privatisation Evelyn Anite said Pearl Bank now has the opportunity to expand beyond Uganda and position itself as a serious regional competitor.Pearl Bank’s profits rose 34 percent to Shs47.3 billion in 2025.Minister Evelyn Anite urged the bank to

Ultimate Uganda

Inside the Shs1.1 trillion supplementary budget

Inside the Shs1.1 trillion supplementary budget

Parliament yesterday passed a supplementary budget of Shs1.1 trillion under supplementary schedule five, giving more money to the government to implement its activities. Of the total amount, the supplementary request that does not require prior approval from Parliament amounts to Shs586.2b. This

Ultimate Uganda

Govt Moves to License Starlink to Cut Internet Costs

Govt Moves to License Starlink to Cut Internet Costs

Government is edging closer to granting an operating licence to Starlink, the satellite broadband venture backed by Elon Musk, as part of efforts to widen internet access and ease connectivity costs.ICT and National Guidance minister Chris Baryomunsi said discussions with the company are a

Ultimate Uganda

Mayiga Urges Release of Political Prisoners, Blames Election Violence on Institutional Failures

Mayiga Urges Release of Political Prisoners, Blames Election Violence on Institutional Failures

Speaking during the State of Buganda Address at a sitting of the Lukiiko in Kampala, Mayiga emphasized the need for justice, accountability, and strict adherence to legal procedures in handling politically sensitive detentions.The Katikkiro of Buganda, Charles Peter Mayiga, has called on t

Ultimate Uganda

Judiciary Unveils New Digital Monitoring System to Boost Transparency and Performance

Judiciary Unveils New Digital Monitoring System to Boost Transparency and Performance

The Judiciary has taken a significant step toward modernizing its operations with the advancement of a new Monitoring and Evaluation (M&E) System designed to enhance transparency, performance tracking, and evidence-based decision-making across the institution.In a high-level preparator

Ultimate Uganda

Lango Leaders Present Five-year Development Agenda to Gen. Salim Saleh

Lango Leaders Present Five-year Development Agenda to Gen. Salim Saleh

Nakaseke, Uganda | Leaders from Lango sub-region, led by the Paramount Chief (Won-Nyaci) His Highness Eng. Dr. Moses Michael Odongo Okune, have presented a comprehensive five-year development memorandum to the Chief Coordinator of Operation Wealth Creation, Gen. Caleb Akandwanaho, also known as S

Ultimate Uganda

Museveni’s 7th Term swearing in: Why Ugandans should celebrate Grandfather’s victory

Museveni’s 7th Term swearing in: Why Ugandans should celebrate Grandfather’s victory

As Uganda steadily moves toward the 2026 president Museveni’s seventh term swearing in at Kololo Independent grounds on 12th May 2026 after 71.65 victory in general elections, political conversations across the country continue to intensify. Supporters, analysts, and critics alike are weighing

Ultimate Uganda

Gulu District Prioritises Education in 2026/27 Budget Estimates

Gulu District Prioritises Education in 2026/27 Budget Estimates

Gulu District Local Government has allocated the largest share of its 2026/27 draft budget to the education and sports sector, indicating a strong focus on human capital development.The district council approved the draft budget during its 6th session of the 11th council on Thursday, setti

Ultimate Uganda

Super agent ‘pushing’ Man Utd, Leny Yoro swap deal for electric Barcelona star – report

Super agent ‘pushing’ Man Utd, Leny Yoro swap deal for electric Barcelona star – report

Super agent Jorge Mendes is reportedly ‘pushing’ the idea of a summer swap deal involving Manchester United centre-back Leny Yoro and a top Barcelona defensive talent.It’s no secret that United are looking at defensive and midfield talent in the summer transfer window, with the addit

Ultimate Uganda

Museveni says NSSF money should build roads, not sit in govt bonds

Museveni says NSSF money should build roads, not sit in govt bonds

President Museveni on Friday criticised the investment strategy of the National Social Security Fund (NSSF), urging it to channel savings into infrastructure projects, as he set out key economic priorities for his new term.Speaking at Labour Day celebrations in Buikwe District, Museveni sa

Ultimate Uganda