Umeme Issues Profit Warning, Cites Losses from Concession Exit
KAMPALA | Umeme Limited has warned shareholders and investors to expect another year of financial losses, marking the second consecutive year the company will close its b...
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Shs 5.3tn Karuma Dam Delivers Only 30% of Installed Power Capacity, Threatens Loan Repayments
Kampala — Uganda’s flagship hydropower projects are operating far below their available generation capacity, raising concerns over revenue shortfalls and th...
Finance Secures UGX 2.75 Trillion Financing Deals for Power, Water, and Roads
The Government of Uganda has signed financing agreements worth UGX 2.747 trillion to fund three major infrastructure projects aimed at strengthening power transmission, e...
Gov’t to spend less in 2026/27 financial year– Finance Ministry
The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69...
Gov’t to spend less in 2026/27 financial year– Finance Ministry
The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69...
Parliament Approves Budget Framework Paper as MPs Return to Complete Appropriation
Parliament Approves Budget Framework Paper as MPs Return to Complete AppropriationParliament on Thursday approved the National Budget Framework Paper (NBFP) for FY 2026/2...
Uganda: UPDF Denies Witch-Hunt of Bobi Wine
The Uganda People's Defence Forces (UPDF) has dismissed allegations that the army is hunting for National Unity Platform (NUP) president and former presidential candidate...
WHO’S EATING UGANDA’S GOLD MONEY? Foreign Firms Cash in as Ugandans remain poor
Uganda is sitting on a gold rush worth billions — but for most citizens, the shine stops at the headlines.Gold exports have exploded over the past decade, reboundi...
Ugandans to Fund Over UGX 2.3 Trillion for Police Wages by 2030
Ugandans will be asked to pay more than UGX 2.368 trillion in taxes over the next five years to cover the salaries of officers and staff of the Uganda Police Force (UPF)...
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 bon...