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Bank of Uganda launches three-year pilot to buy domestic gold for reserves

Bank of Uganda launches three-year pilot to buy domestic gold for reserves

The Bank of Uganda has started buying gold mined in the country and will add it to the official foreign exchange reserves, shifting part of the national safety net from dollars and euros to bullion.In an April 20, 2026 notice, the Central Bank said it had launched a three-year pilot Domest

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Museveni too old, mentally exhausted to run Uganda – Andrew Mwenda insists

Museveni too old, mentally exhausted to run Uganda – Andrew Mwenda insists

Andrew Mwenda argues that President Museveni’s age and fatigue are weakening his judgement, leading to risky decisions on major government investments.Journalist and political analyst Andrew Mwenda is amping up his critique of President Yoweri Museveni, arguing that age and fatigue have

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Klopp orders five signings worth £227m at Real Madrid, including a Courtois replacement

Klopp orders five signings worth £227m at Real Madrid, including a Courtois replacement

Former Liverpool head coach Jurgen Klopp is demanding five signings from the Real Madrid hierarchy ahead of his potential arrival, according to reports.Los Blancos have had a turbulent season with Xabi Alonso sacked in January after losing the Spanish Super Cup final to arch-rivals Barcelo

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OFWONO OPONDO: M7 Will Have No One To Blame If He Doesn’t Deliver Big Things & Transform Uganda in the next five years

OFWONO OPONDO: M7 Will Have No One To Blame If He Doesn’t Deliver Big Things & Transform Uganda in the next five years

In his latest weekend column, older persons’ MP-elect Ofwono Opondo characteristically took no prisoners. And those who suffered his veiled wrath included Speakership contender Norbert Mao and the NRM historicals who fought with Museveni, have lately embraced Mao and also happen to be part of t

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Directors Face Jail as Uganda Government Investigates 20 Gold Companies: Police & Energy Ministry Inquiring into Alleged Fraud

Directors Face Jail as Uganda Government Investigates 20 Gold Companies: Police & Energy Ministry Inquiring into Alleged Fraud

The chief police publicist Kituma Rusoke has corroborated the Energy Ministry’s Geology & Mining Commissioner Agnes Alaba’s information indicating that a total of not less than 20 private companies involved in gold deals in Uganda are currently being investigated.That the companies

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Yumbe police officer dies after losing control of motorcycle on the road

Yumbe police officer dies after losing control of motorcycle on the road

Yumbe, Uganda: A 44-year-old Assistant Inspector of Police (AIP) died from head injuries sustained in a fatal crash after he lost control of his motorcycle on Yumbe-Kuru road on Friday evening, police have confirmed.The deceased, AIP Egwuyu Wilfred, attached to Arua City Police Health Cent

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Man, 39, arrested over defiling 8-year-old girl after viral video

Man, 39, arrested over defiling 8-year-old girl after viral video

According to KMP spokesperson Rachael Kawala, the suspect allegedly lured the child and her sister by giving them a phone to watch cartoons before committing the offence.Ssebagala Moses, 39, a Wakiso boda boda rider is in custody following his arrest after disturbing video linked him to th

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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

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Two dead on spot as car, motorcycle collide in Budaka

Two dead on spot as car, motorcycle collide in Budaka

The Mercedes Benz (registration number UBE 954L, silver) was travelling in the opposite direction when the driver allegedly attempted a careless overtaking manoeuvre, leading to a head-on collision.Wreckage of the Mercedes Benz involved in a fatal head-on collision with a motorcycle along

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Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Uganda Clays may have bought time, but not certainty. Beneath the return to profit lies a balance sheet still under strain, propped up by deferred obligations and a partially unsecured NSSF loan. Its recovery, while visible, remains fragile. The real test will come when repayments begin, when imp

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