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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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Gen. Muhoozi takes over road contracts

Gen. Muhoozi takes over road contracts

Kampala, Uganda | JULIUS BUSINGE | In the quiet hours of April 11, at exactly 02:20am East African Standard Time, Muhoozi Kainerugaba, the Commander of the UPDF and Senior Presidential Advisor on Special Operations, dropped a message that would ripple across Uganda’s governance and infrastructu

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M7 Favorite Pharma Investor Magoola, In Whom Govt Sunk Ugx700bn, Runs Broke; Workers Go Months Without Pay

M7 Favorite Pharma Investor Magoola, In Whom Govt Sunk Ugx700bn, Runs Broke; Workers Go Months Without Pay

All isn’t well at the Matuga-based DEI Pharma, a multi-billion pharmaceutical manufacturing enterprise based at Matugga along Kampala-Bombo Road.The company, which is meant to manufacture pharmaceutical products for both the local market and for export purposes, has about 100 employees.

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MTN laid cables in former deputy IGP’s land. He won Shs 526m but MTN wont give up fight

MTN laid cables in former deputy IGP’s land. He won Shs 526m but MTN wont give up fight

The long-running dispute between MTN and former Deputy Inspector General of Police Julius Odwe has taken another turn, after the court declined Odwe’s request to throw out an appeal lodged by the telecom company.The case dates back to 2012, when MTN rolled out a project to extend network

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No Selective Justice”: NRM Network demands equal justice after Nandutu jailing in Iron Sheets case

No Selective Justice”: NRM Network demands equal justice after Nandutu jailing in Iron Sheets case

Kampala, Uganda: The NRM Revolutionary Network (NRN), an umbrella body for youthful revolutionary cadres in the ruling party, has called for equal and comprehensive accountability in the Karamoja iron sheets scandal, warning against selective justice, which downplays the core principles of the Mo

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Police Chief Caged for Robbing Shs370M from City Businessman

Police Chief Caged for Robbing Shs370M from City Businessman

Detained ASP-Rogers Musana on official uniformTerritorial police in Kampala are holding their own officer for allegedly conniving with a UPDF officer to rob city businessman, Robert Seguya cash worth 100,000 USD (Shs.370M).The crafty police chief, identified as Assistant Superintend

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Gov’t releases Shs17.4t for fourth quarter of FY2025/26

Gov’t releases Shs17.4t for fourth quarter of FY2025/26

The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi.The Government has released Shs17.444 trillion for the fourth quarter of the Financial Year 2025/26, bringing the total cumulative release to Shs77.001 trillion, according to the Permanent Secretary and Secretary to the

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Opposition Unveils Alternative Budget, Warns of 'Illusion' of Economic Growth

Opposition Unveils Alternative Budget, Warns of 'Illusion' of Economic Growth

Uganda’s opposition has tabled an alternative Shs71.4 trillion budget, warning that rising debt obligations and rigid expenditures are squeezing service delivery, while drawing parallels with last year’s fiscal plan that faced similar criticism over debt sustainability and limited fiscal spac

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President Museveni Reappoints Robert Mukiza as Director General of Uganda Investment Authority

President Museveni Reappoints Robert Mukiza as Director General of Uganda Investment Authority

President Yoweri Museveni has reappointed Robert Mukiza as Director General of the Uganda Investment Authority (UIA), despite a major dispute that rocked the agency in 2024. The conflict between Mukiza and State Minister for Investment Evelyn Anite centered around serious allegations of corruptio

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Airtel dismissed him for mobile money fraud. He won Shs 254 million in court

Airtel dismissed him for mobile money fraud. He won Shs 254 million in court

Peter Katongole worked for Airtel Uganda for 13 years, during which time he rose to the position of Revenue Assurance and Fraud Manager.In early 2020, Airtel began investigating suspected fraud in its mobile money commission system.In February 2020, Airtel’s Revenue Assurance Cent

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