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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Muturi Warns Ruto: Any Attack on Opposition Will Trigger Widespread Protests
Former Attorney General Justin Muturi has issued a stern warning to President William Ruto, saying the opposition will pursue legal action and mass protests if the Head o...
NUP Mobilization Head Habib Buwembo’s Silence After Returning from Prison Discomforts, Worries Kavule
NUP’s head of political mobilisation Habib Buwembo, who a newspaper sometime back profiled as a Ugandan activist who calls prison his second home, has all of a sudden f...
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 the country�...
“There is no opposition in Uganda,” Museveni says
Ugandan President Yoweri Museveni has alleged that the National Unity Platform (NUP), led by his two-time challenger Robert Kyagulanyi, popularly known as Bobi Wine, mani...
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...
IT’S FAKE! State House disowns circulating Museveni letter approving Shs2.5 bn grant to “investor”
The State House of Uganda has said the letter making rounds on social media purportedly authored by President Yoweri Kaguta Museveni approving a Shs2.5 billion grant to a...
REVEALED! How Nigeria’s Access Bank ‘Lies’, Strategic Errors Sunk Finance Trust Bank
From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank.When the Bank of Uganda (BoU)quietly appro...
Tugume Says Coffee City Will Turn Uganda into a Global Coffee Destination
Inspire Africa Group CEO Nelson Tugume says Uganda is positioning itself to become a global coffee destination through the development of the Smart Coffee City, building...
SHOCKER: Akena Reveals How Obua was Fought
In a candid revelation that has set tongues wagging across Lango, Uganda People’s Congress (UPC) President Jimmy Akena has pulled back the curtain on the fierce battle...