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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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NUP Mobilization Head Habib Buwembo’s Silence After Returning from Prison Discomforts, Worries Kavule

NUP Mobilization Head Habib Buwembo’s Silence After Returning from Prison Discomforts, Worries Kavule

NUP’s head of political mobilisation Habib Buwembo, who a newspaper sometime back profiled as a Ugandan activist who calls prison his second home, has all of a sudden fallen silent.Over the years, he has been jailed countless times over his relentless activism and street protests and was

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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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PLE Results: Kisoro, Kampala lead districts with most withheld exams

PLE Results: Kisoro, Kampala lead districts with most withheld exams

UNEB Executive Director Dan Odongo disclosed that in some centres, scouts and invigilators were either bribed or threatened with physical harm by school directors and headteachers to allow teachers to directly assist candidates inside examination rooms.The Uganda National Examinations Boar

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Here’s Why Kavule Is Blaming Shamim Malende for poor Performance of NUP Councillors in Kampala

Here’s Why Kavule Is Blaming Shamim Malende for poor Performance of NUP Councillors in Kampala

There is growing consensus among strategists at Kavule-based NUP headquarters that the political relationship between them on one hand and Shamim Malende on the other is irretrievably broken. And that the Kampala Woman MP won’t be returning to the principal to kneel for the party’s flag and e

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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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Story behind Bobi Wine’s Kanyanya video location

Story behind Bobi Wine’s Kanyanya video location

It is now established that the building is the abandoned IK Musaazi International Medical Research Centre, a project whose construction stalled over 20 years agoFresh information has emerged about the location where opposition leader Bobi Wine recorded one of his most talked-about videos s

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Abitex, Bajjo Face Jail Over Misused SACCO Funds

Abitex, Bajjo Face Jail Over Misused SACCO Funds

Abitex and Bajjo face possible jail after being accused of misusing over UGX 3 billion in government SACCO funds meant to support Ugandan promoters.Abitex, Bajjo Face Jail Over Misused SACCO FundsTop Ugandan events promoters, including Abitex and Bajjo, are facing possible jail time

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Museveni says Bobi Wine one million fake ballots to rig 2026 election

Museveni says Bobi Wine one million fake ballots to rig 2026 election

President Museveni claimed that one million fake ballots were printed locally in Kampala, while 1.7 million were printed in Dubai and smuggled into Uganda, allegations he said were uncovered after the previous election cycle.Kampala, Uganda: President Yoweri Kaguta Museveni has alleged tha

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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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