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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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Umeme Issues Profit Warning, Cites Losses from Concession Exit

Umeme Issues Profit Warning, Cites Losses from Concession Exit

KAMPALA | Umeme Limited has warned shareholders and investors to expect another year of financial losses, marking the second consecutive year the company will close its books in the red, following the termination of its electricity distribution concession in Uganda.In a public notice issue

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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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Tugume Says Coffee City Will Turn Uganda into a Global Coffee Destination

Tugume Says Coffee City Will Turn Uganda into a Global Coffee Destination

Inspire Africa Group CEO Nelson Tugume says Uganda is positioning itself to become a global coffee destination through the development of the Smart Coffee City, building on the progress already made at the Africa Coffee Park in Ntungamo District.Speaking on NBS Morning Breeze, Tugume said

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Finance Trust Bank to surrender commercial license for Tier II status

Finance Trust Bank to surrender commercial license for Tier II status

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

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Museveni remains key to peace in Uganda and the region

Museveni remains key to peace in Uganda and the region

President Yoweri Museveni’s attempts to bring stability and lasting peace back to Uganda are a clear example of his legacy. After the country gained independence in 1962 and struggled to get going for the next two decades, he stepped in and played a key role in putting an end to the bloody wars

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UNEB to release 2025 PLE results this Friday

UNEB to release 2025 PLE results this Friday

The Uganda National Examinations Board will release the 2025 PLE results this Friday, Jan. 30. Get details on candidate performance and the revised 2026 school calendarKAMPALA — The Uganda National Examinations Board will release the 2025 Primary Leaving Examination results this Friday,

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Education ministry issues revised new school calendar 2026

Education ministry issues revised new school calendar 2026

The Ministry of Education and Sports has released the official 2026 school calendar, setting the first term to begin Feb. 10 for pre-primary, primary and post-primary institutionsKAMPALA, Uganda — The government has ordered all educational institutions that opened for the 2026 academic y

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UCC Orders TV Stations to Stop Split-Screen Ads in News Shows

UCC Orders TV Stations to Stop Split-Screen Ads in News Shows

Kampala — Uganda’s communications regulator has ordered television broadcasters to immediately stop running split-screen advertisements during news and current affairs programmes, ruling that the practice violates national advertising and broadcasting standards.The directive follows a

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How a village teacher brought down the Government Chief Whip Obua

How a village teacher brought down the Government Chief Whip Obua

ALEBTONG, Uganda — Uganda Peoples Congress candidate Fred Jalameso pulled off a major political upset Tuesday, defeating Government Chief Whip Denis Hamson Obua in a repeat election for the Ajuri County parliamentary seat.Jalameso, a teacher making his first foray into elective politics,

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