Search Results

Having Failed to Clear His Shs150Bn Debt, Kampala Emin Pasha Hotel Owner Kenny Losuk Lokule Lands M7 Rescue

Having Failed to Clear His Shs150Bn Debt, Kampala Emin Pasha Hotel Owner Kenny Losuk Lokule Lands M7 Rescue

In 2014, Kampala property mogul/businessman Kennedy Losuk Lokule embarked on construction of the luxurious Emin Pasha Lake View Residence on the rocky terrain of Kampala’s upscale neighbourhood of Muyenga.Reporting by Weekend Vision shows that the 120-r

Ultimate Uganda

UEDCL Announces New Electricity Tariffs for Q3 2025

UEDCL Announces New Electricity Tariffs for Q3 2025

The Electricity Regulatory Authority (ERA) has approved UEDCL’s latest power tariffs for July to September 2025.KAMPALA, Uganda — The Electricity Distribution Company Limited (UEDCL) has released its new retail electricity tariff

Ultimate Uganda

PDM: A New Dawn or Another Cycle?

PDM: A New Dawn or Another Cycle?

Uganda’s Parish Development Model (PDM) aims to break the cycle of poverty by focusing development efforts at the parish level, with a promise of Shs100 million annually per parish to boost household incomes.While early success stories show promise, lingering concerns over fund delays, p

Ultimate Uganda

Uganda's Treacherous Path: A Shs34tn Gamble on Debt and Unproven Revenue

Uganda's Treacherous Path: A Shs34tn Gamble on Debt and Unproven Revenue

A stark warning has been issued from the corridors of parliamentary oversight, painting a grim picture of Uganda's fiscal health.The Shadow Minister for Finance, Ibrahim Ssemujju Nganda, has cast a critical spotlight on the government's ambitious, and arguably perilous, pl

Ultimate Uganda

Housing Finance Bank Scoops Awards for Backing Farmers and Small Businesses

Housing Finance Bank Scoops Awards for Backing Farmers and Small Businesses

Housing Finance Bank has won two national awards for its outstanding efforts in boosting agricultural productivity and supporting Uganda’s small businesses to recover from recent economic shocks.The accolades — the Agricultural Credit Facility (ACF) Award and the Small

Ultimate Uganda

Stanbic Launches New Mortgage Solution to Breaks Financing Barrier to Home Ownership

Stanbic Launches New Mortgage Solution to Breaks Financing Barrier to Home Ownership

Stanbic Bank has introduced a preapproved mortgage financing solution that empowers existing clients with up to shs 500 million—without the need for the traditional loan application process.“Homeownership should not be a privilege for a few—it should be an achievable milestone for ev

Ultimate Uganda

Traders in Ndeeba Devastated After Fire Guts Property

Traders in Ndeeba Devastated After Fire Guts Property

Hundreds of traders are grappling with catastrophic losses following last night fire that gutted Ndeeba in Kasumba Zone Lubaga DivisionThe worst-hit were those dealing in timber and woodworking machinery, whose livelihoods were reduced to ashes overnight.Frustrated by recurring fire

Ultimate Uganda

From 139 Members to 15,000, Sacco Records Over Shs18bn in Loan Value

From 139 Members to 15,000, Sacco Records Over Shs18bn in Loan Value

Adjumani Town Council Savings and Credit Cooperative Organization (Sacco) has recorded impressive growth, celebrating a major milestone during its 16th Annual General Meeting (AGM) held on Saturday.Established in 2007 with just 139 members and a loan portfolio of Shs 7.7 million, the SCco

Ultimate Uganda

Court Orders Sale of Emerald Hotel over ABSA Loan

Court Orders Sale of Emerald Hotel over ABSA Loan

Kampala, Uganda – The Court of Appeal has directed the appointed receiver to audit and sell Emerald Hotel in Kampala within six months under court supervision.This decision overturns a prior High Court judgment

Ultimate Uganda

BOU SCANDAL: PSST Ggoobi Interdicts Remanded Officials

BOU SCANDAL: PSST Ggoobi Interdicts Remanded Officials

The permanent secretary and secretary to the treasury Ramathan Ggoobi has interdicted the nine officials from the finance ministry under the Accountant General’s office.This follows an investigation in the minis

Ultimate Uganda