Search Results

Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Government has quietly converted a Shs7.78 trillion temporary advance from the Bank of Uganda into long term public debt, a move that will see taxpayers commit to years of repayments amid rising pressure on the country’s finances.According to the Parliamentary Committee on Finance report

Ultimate Uganda

MTN, Airtel Ask Gov’t to Reduce Mobile Money Withdrawal Charges

MTN, Airtel Ask Gov’t to Reduce Mobile Money Withdrawal Charges

PARLIAMENT – MTN Uganda and Airtel Uganda have urged the government to slash the excise duty on mobile money withdrawals from 0.5 percent to 0.25 percent and introduce a cap of Shs5,000 per transaction.The telecom giants made the appeal on Wednesday when their officials appeared before P

Ultimate Uganda

Bailiffs move to auction Pastor Ssenyonga’s Church properties over unpaid loan

Bailiffs move to auction Pastor Ssenyonga’s Church properties over unpaid loan

According to the advert, the church, listed as the debtor, must settle “the outstanding loan balances, interest plus our fees and disbursements” before the sale date, failing which the properties will be disposed of by public auction or private treaty.Court bailiffs have moved to sell

Ultimate Uganda

KCCA road works lag as Parliament raises alarm over funding gaps, flood risk ‎

KCCA road works lag as Parliament raises alarm over funding gaps, flood risk ‎

The Committee is also concerned that disbursement is performance-linked, meaning that continued slow progress will directly reduce KCCA's access to programme funds and jeopardise the broader metropolitan development objectives‎Parliament’s Committee on Physical Infrastructure has raise

Ultimate Uganda

Parliament seeks Shs5 billion for health insurance for MPs aged 75 and above; Ssemujju says funds should be invested in Mulago to benefit all Ugandans

Parliament seeks Shs5 billion for health insurance for MPs aged 75 and above; Ssemujju says funds should be invested in Mulago to benefit all Ugandans

Parliament is pushing for an additional Shs5 billion in the next financial year to expand medical insurance for older lawmakers, a move that has sparked debate both inside and outside the House.The proposal targets Members of Parliament aged above 75, a group that is currently not fully co

Ultimate Uganda

New Ssezibwa Arch Bridge to boost trade, connectivity in Kayunga

New Ssezibwa Arch Bridge to boost trade, connectivity in Kayunga

The Ssezibwa Arch Bridge is the first of its kind in Uganda and is designed with a lifespan of up to 120 years, offering improved durability and environmental compatibility, including better water and vegetation flow beneath the structure.The new Ssezibwa Arch Bridge in Kayunga District ne

Ultimate Uganda

Low Judiciary Funding Blamed for Remand Home Congestion in Uganda

Low Judiciary Funding Blamed for Remand Home Congestion in Uganda

The Chief Justice has attributed rising congestion in remand homes to funding gaps and staff shortages in the Judiciary, warning that delayed justice delivery continues to strain Uganda’s correctional system.Low funding in Uganda’s Judiciary has been blamed for the congestion of remand

Ultimate Uganda

How firm lost Shs 10bn Yaka metre deal from UEDCL for ‘inflating’ its prices

How firm lost Shs 10bn Yaka metre deal from UEDCL for ‘inflating’ its prices

A dispute over a multi-billion shilling electricity metre tender has collapsed after the PPDA Appeals Tribunal dismissed a case filed by Uzuzi Meter Technologies Limited against Uganda Electricity Distribution Company Limited (UEDCL).In a ruling delivered on April 2, 2026, the Tribunal did

Ultimate Uganda

Security Guard Steals Shs790m in Cash, Gold

Security Guard Steals Shs790m in Cash, Gold

Police in Kampala are hunting for a private security guard who is accused of breaking into a vehicle and stealing shs290 million in cash and gold worth shs500 million.Kampala Metropolitan deputy police spokesperson, Luke Owoyesigyire named the security guard as Justine Akena, attached to M

Ultimate Uganda

Gov’t releases Shs17.4t for fourth quarter of FY2025/26

Gov’t releases Shs17.4t for fourth quarter of FY2025/26

The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi.The Government has released Shs17.444 trillion for the fourth quarter of the Financial Year 2025/26, bringing the total cumulative release to Shs77.001 trillion, according to the Permanent Secretary and Secretary to the

Ultimate Uganda