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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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NUP Deputy Spokesperson Alex Mufumbiro Charged with Murder

NUP Deputy Spokesperson Alex Mufumbiro Charged with Murder

MufumbiroThe opposition National Unity Platform (NUP) Deputy Spokesperson, Alex Waiswa Mufumbiro, has been charged with murder, adding to the list of offences he faces before the Kanyanya Magistrates Court.Mufumbiro, who is among dozens of NUP members and supporters currently on rem

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I asked experts what you shouldn't cook in the air fryer - they all warned against 9 foods

I asked experts what you shouldn't cook in the air fryer - they all warned against 9 foods

Air fryers are now a common appliance in kitchens up and down the country, but they can't cook everything.Don't make the mistake of using your air fryer to cook these items Air fryers have become a staple in kitchens up and down the country, with them being praised for their fast an

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Uganda: NSSF Stake in MTN Hits Shs1tn

Uganda: NSSF Stake in MTN Hits Shs1tn

MTN Uganda shares have staged a strong rally on the Uganda Securities Exchange (USE), delivering massive gains to its largest local investors in just eight weeks as the stock surged by Shs116 per share.By November 25, 2025, MTN Uganda shares were trading at Shs312. By February 6, 2026, the

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Auditor General demands tighter controls as tech giants pay Shs29b in tax

Auditor General demands tighter controls as tech giants pay Shs29b in tax

While digital tax collections from giants like Apple and Meta have hit 29.5 billion shillings, the Auditor General warns that a lack of independent verification is causing significant revenue leakage.Uganda has successfully collected 29.5 billion shillings from global tech firms, but the c

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PANIC AT NAGURU! Next Media Staff Brace for Axe as Secret Memo Sparks Fear

PANIC AT NAGURU! Next Media Staff Brace for Axe as Secret Memo Sparks Fear

Fear and whispered panic have gripped Next Media Services headquarters in Naguru after an internal memo hinted at a fresh round of restructuring that could leave dozens jobless.The memo, dated January 10, has sent shockwaves through the multi-media giant after management announced it was e

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Standard Chartered boss throws in the towel as bank struggles deepen in Uganda and Kenya

Standard Chartered boss throws in the towel as bank struggles deepen in Uganda and Kenya

The cracks inside Standard Chartered Bank are no longer whispers — they are now headline news.As the British banking giant retreats from struggling markets, its top executives are heading for the exit and its once-proud retail empire in Uganda has collapsed into a fire sale.In the

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Samsung to offer treasury shares worth $120 million as bonuses

Samsung to offer treasury shares worth $120 million as bonuses

Seoul, Jan 26 Samsung Electronics said on Monday it plans to provide treasury shares worth 175.2 billion won ...Samsung to offer treasury shares worth $120 million as bonuses | Samsung to offer treasury shares worth $120 million as bonusesSamsung to offer treasury shares worth $120

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Jean-Philippe Mateta: Man United face double blow after Villa’s move

Jean-Philippe Mateta: Man United face double blow after Villa’s move

Manchester United risk losing out on Jean-Philippe Mateta in a move which constitutes a deadly double blow at Old Trafford, according to the latest report.Target ManThe Red Devils have maintained a long-standing interest in the Crystal Palace frontman after two consecutive impressiv

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Klopp demands £69m Newcastle star in ‘two active negotiations’ ahead of Real Madrid appointment

Klopp demands £69m Newcastle star in ‘two active negotiations’ ahead of Real Madrid appointment

Jurgen Klopp has requested three specific new signings at Real Madrid as he continues to demand a squad overhaul in order to take the job, according to reports.Los Blancos opted to sack Xabi Alonso on Monday after Real Madrid lost the Spanish Super Cup final 3-2 to arch-rivals Barcelona on

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