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Why Museveni is Firing Uganda Airlines CEO Jenifer Bamuturaki

Why Museveni is Firing Uganda Airlines CEO Jenifer Bamuturaki

Kampala — President Museveni has moved to remove Jenifer Bamuturaki as Chief Executive Officer (CEO) of Uganda Airlines, following a State House meeting held in September 2025 that reviewed mounting governance failures, disputed aircraft procurement decisions and growing financial losses at the

Ultimate Uganda

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

Ultimate Uganda

UCC POINTS AT BoU, TELCOS POINT AT UCC! Inside the Mobile Money shutdown mystery no one wants to own

UCC POINTS AT BoU, TELCOS POINT AT UCC! Inside the Mobile Money shutdown mystery no one wants to own

As mobile money services finally flicker back to life, one thing remains completely offline: accountability.For nearly a week during the tense election period, millions of Ugandans were left stranded — unable to withdraw their own money, forced to beg agents, ration transactions, or in s

Ultimate Uganda

MTN gives update on delayed mobile money restoration

MTN gives update on delayed mobile money restoration

The disruption began after UCC suspended some mobile money transactions and internet access ahead of elections held on January 15, 2026.MTN Uganda has said it does not know when mobile money services will be fully restored.The telecom said restrictions remain in place under a direct

Ultimate Uganda

I am old, not senile, says President-elect Museveni

I am old, not senile, says President-elect Museveni

Museveni insisted he was “not dead or senile” and still possessed valuable experience that could benefit the nation. President elect Yoweri Museveni has opened up about his mission for his seventh term in office, which will extend his tenure to 45 years.Speaking in an interview

Ultimate Uganda

I am old, not senile, says President-elect Museveni

I am old, not senile, says President-elect Museveni

Museveni insisted he was “not dead or senile” and still possessed valuable experience that could benefit the nation. President elect Yoweri Museveni has opened up about his mission for his seventh term in office, which will extend his tenure to 45 years.Speaking in an interview

Ultimate Uganda

CID probe Uganda Airlines over alleged abuse of office and embezzlement

CID probe Uganda Airlines over alleged abuse of office and embezzlement

KAMPALA — The Criminal Investigations Directorate (CID), working jointly with the State House Anti-Corruption Unit, has launched investigations into alleged abuse of office, embezzlement of funds and falsification of accounts involving officials of Uganda Airlines.In a letter dated Janua

Ultimate Uganda

UCC speaks out on internet, mobile money shutdown rumors

UCC speaks out on internet, mobile money shutdown rumors

Uganda Communications Commission Executive Director, Nyombi Thembo, addresses the media in KampalaKAMPALA, Uganda — The Uganda Communications Commission on Saturday flagged a viral public notice as fraudulent, dismissing claims that mobile money and banking services would be suspended du

Ultimate Uganda

Tributes pour in for Richard Obore, early mind behind mobile money idea

Tributes pour in for Richard Obore, early mind behind mobile money idea

Uganda’s tech community is mourning Richard Obore, a quiet innovator credited by friends as an early mind behind the mobile money concept, whose ideas went largely unrecognised during his lifetime.On January 2, 2026, tributes flooded in after the death of Richard Obore, a Ugandan compute

Ultimate Uganda

MTN Mobile Money loans on track to reach Shs 2.5 trillion

MTN Mobile Money loans on track to reach Shs 2.5 trillion

2025 has been of both challenges and opportunities. We’ve continued to deepen access to our services and extend financial inclusion to the underserved. By the end of this year, we’re looking at over 14.5 million individual users, which is a significant jump from 13.8 million in 2024. Our targ

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