Strong capital ratios and a Shs591 billion profit anchor Stanbic Uganda as Chief Executive Francis Karuhanga transitions to Standard Bank Group regional leadership.KAMPALA, Uganda — Outgoing Stanbic Uganda Holdings Limited Chief Executive Francis Karuhanga is handing over a robust balanc
Uganda hits a major milestone toward first oil, drilling 199 wells to surpass the government threshold required for commercial production.KAMPALA, Uganda — Uganda has drilled 199 oil wells, surpassing the threshold required to begin commercial production later this year, according to the
As construction of the East African Crude Oil Pipeline (EACOP) nears completion, the project company has initiated mass layoffs in Uganda and Tanzania, triggering anxiety among section of staff. The move has also stoked claims of discrimination amid claims of retention of majorly expatriat
Several senior cops, some at the level of directors within the Uganda Police Force, are not happy after missing out on vehicles that were allegedly procured for their directorates, Red Pepper has exclusively learnt.Highly placed sources told Red Pepper that between 2021 and 2024, the Ugand
A 29-year-old taxi driver from Masaka has won an all-expenses-paid trip to London to watch Chelsea FC through a Predator Energy promotion.A taxi driver from Nyendo in Masaka District is set for the football experience of a lifetime after winning an all-expenses-paid trip to London to watch
When the Minister of Finance, Henry Musasizi, presents the 84.3 trillion shillings budget for the 2026/27 financial year on Thursday, one figure will stand out among the revenue projections. The budget comes at a time when policymakers are positioning mineral resources, especially oil and gas, as
Former Minister Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda. Former Energy Minister, Irene Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda.Uganda’s oil journey has been defined less by extraction than by
Residents of Nyarubisi Village in Kitanga Parish, Kashambya Sub-county, Rukiga District have expressed frustration over the stalled Kantare–Rushekyere–Nyarubisi–Mutambi Road project, saying the delayed works have continued to affect transport, healthcare access, education, and agricultural
KANUNGU — Residents of Buhoma Town Council in Kanungu District erupted in rare public fury on Friday, 6th June, pouring onto the streets to demand action on the long‑awaited Hamurwa–Kerere–Kanungu (47 km) and Kanyantorogo–Butogota–Ruhija (32 km) road projects.The demonstrations
Kampala, Media – The High Court has nullified the sale of a Najjera property that was previously repossessed and sold by Housing Finance Bank, ruling that the transaction was conducted irregularly, grossly undervalued, and failed to comply with legal requirements under mortgage recovery procedu
