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Shs 5.3tn Karuma Dam Delivers Only 30% of Installed Power Capacity, Threatens Loan Repayments

Shs 5.3tn Karuma Dam Delivers Only 30% of Installed Power Capacity, Threatens Loan Repayments

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

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“There is no opposition in Uganda,” Museveni says

“There is no opposition in Uganda,” Museveni says

Ugandan President Yoweri Museveni has alleged that the National Unity Platform (NUP), led by his two-time challenger Robert Kyagulanyi, popularly known as Bobi Wine, manipulated the 2021 General Election by introducing 2.7 million fake votes, one million locally and 1.7 million imported from Duba

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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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High Court Orders IGP to Clarify Whereabouts of Missing NUP Leader

High Court Orders IGP to Clarify Whereabouts of Missing NUP Leader

The directive was issued by Justice Joyce Kavuma on Friday while hearing an application filed by Tukamushaba’s lawyers, who want the court to compel authorities to produce her or explain her whereabouts.The High Court in Kampala has ordered the Inspector General of Police (IGP) to clarif

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Gen Muhoozi Apologises to U.S. Over Uganda–US Military Cooperation Remarks

Gen Muhoozi Apologises to U.S. Over Uganda–US Military Cooperation Remarks

KAMPALA — Uganda’s Chief of Defence Forces, Muhoozi Kainerugaba, has apologised to the United States and formally walked back earlier social media remarks that had cast doubt on ongoing military cooperation between Kampala and Washington.In a statement posted on X on Friday morning, Ge

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REVEALED! How Nigeria’s Access Bank ‘Lies’, Strategic Errors Sunk Finance Trust Bank

REVEALED! How Nigeria’s Access Bank ‘Lies’, Strategic Errors Sunk Finance Trust Bank

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

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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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Parliament Approves Budget Framework Paper as MPs Return to Complete Appropriation

Parliament Approves Budget Framework Paper as MPs Return to Complete Appropriation

Parliament Approves Budget Framework Paper as MPs Return to Complete AppropriationParliament on Thursday approved the National Budget Framework Paper (NBFP) for FY 2026/27–2030/31, clearing the way for preparation of detailed budget estimates.The framework sets the fiscal andmonet

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Roberto De Zerbi hands in his resignation after Marseille’s European exit

Roberto De Zerbi hands in his resignation after Marseille’s European exit

Roberto De Zerbi has asked to leave Olympique de Marseille following the club’s elimination from the Champions League.The Italian head coach is understood to have requested his release after Wednesday night’s heavy defeat to Club Brugge.OneFootball VideosMarseille were be

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Uganda moves to own tourism offices, boosts airlines and promotion

Uganda moves to own tourism offices, boosts airlines and promotion

Hannington Ashaba, Acting Director of Budget at Uganda’s Ministry of Finance, has told NTV Business reporter Malcolm Musiime that the government plans to end decades of renting office space for the Uganda Tourism Board, moving to owned facilities to cut costs and boost sector efficiency. Speaki

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