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MPs warn it could take 48 years to clear Uganda’s Shs8.4t domestic arrears

MPs warn it could take 48 years to clear Uganda’s Shs8.4t domestic arrears

Appearing before Public Accounts Committee of Parliament, Ramathan Ggoobi, Permanent Secretary, Ministry of Finance, and Secretary to the Treasury.Parliament has been told that at the current rate of funding allocated to settle government domestic arrears, it could take more than four deca

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Four suspects remanded in Wakiso for 170 million shilling land sale scam

Four suspects remanded in Wakiso for 170 million shilling land sale scam

WAKISO, Uganda — Four people were arraigned Wednesday at the Wakiso Chief Magistrates Court on charges of theft and conspiracy after allegedly conning an elderly man out of 170 million Ugandan shillings.The accused — Sendi Jamil, Juuku Anderson, Namuli Fatuma and Nalunjogi Jamilah —

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NMS ROT RELOADED! New Report Exposes Drug Delivery Failures, Billions in Expired Medicines & A Brewing Succession War Around Kamabare

NMS ROT RELOADED! New Report Exposes Drug Delivery Failures, Billions in Expired Medicines & A Brewing Succession War Around Kamabare

A thunderous alarm has been sounded over Uganda’s lifeline for public medicines after the latest report from the Auditor General ripped open the operations of the National Medical Stores, exposing a web of operational failures, delayed drug deliveries, expired medicines worth billions and deep-

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Uganda targets Middle East liquidity for SGR construction

Uganda targets Middle East liquidity for SGR construction

President Museveni accompanied by VP Alupo, Ministers Katumba Oboth and Byabakama walk through a demonstration after laying the foundation for the construction of Malaba Kampala SGR line by Yapi MerkeziKAMPALA, Uganda — The Ugandan government is moving to secure €405 million through an

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KARUMA CASH CRISIS! UEGCL Profits Drop, Debt Soars to 81.6% as Power Plants Rot —Who is Sleeping on the Job?

KARUMA CASH CRISIS! UEGCL Profits Drop, Debt Soars to 81.6% as Power Plants Rot —Who is Sleeping on the Job?

Eleven years at the helm. Billions borrowed. Mega dams commissioned with pomp and glory. Yet today, hard questions are exploding over the management of Uganda Electricity Generation Company Limited as the December 2025 Auditor General’s report exposes troubling cracks in Uganda’s power genera

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IRAN: Where Did All the Dead Leaders' Money Go, and Who Gets It?

IRAN: Where Did All the Dead Leaders' Money Go, and Who Gets It?

It's the dream, isn't it, to grow rich while running some s***hole Middle East country into the ground, before fleeing with your billions and retiring to some well-appointed quarters in Moscow's most exclusive neighborhood?Hey, don't knock it — it worked just fine for Bashar Assad. And w

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What the Kenya Pipeline deal means for Uganda

What the Kenya Pipeline deal means for Uganda

Energy and Mineral Development Minister, Ruth Nankabirwa sign deal with Kenya to participate in the upcoming Initial Public Offering (IPO) of the Kenya Pipeline Company (KPC)Kampala, Uganda | THE INDEPENDENT | New details have emerged about Uganda’s participation in the Kenya Pipeline Co

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South Africa Bond Rally Builds Ahead of February 25 Budget

South Africa Bond Rally Builds Ahead of February 25 Budget

South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up

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Uganda’s economy improves in January as inflation rises to 3.2% and exports surge 83.5%

Uganda’s economy improves in January as inflation rises to 3.2% and exports surge 83.5%

Uganda’s economy registered an improvement in January 2026, supported by better business conditions, rising consumer demand and increased employment levels, according to the latest Performance of the Economy Report.The report indicates that economic activity continued on an upward trajec

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UGANDA: China’s zero-tariff policy to boost Africa’s industrialization

UGANDA: China’s zero-tariff policy to boost Africa’s industrialization

39th African Union summitKAMPALA, UGANDA | Xinhua | A senior Ugandan official on Tuesday welcomed China’s decision to fully implement zero-tariff treatment for 53 African countries with diplomatic relations, starting from May 1, saying the move will accelerate industrialization and econo

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