As the director of Finance and Administration at the Population Secretariat in the early 2000s, David Bahati never grew tired of recounting his poverty-riddled childhood. He would tell anybody who lent him an ear that “I am a survivor” and that his life journey from a hopeless orphan in Ndorwa West to a manager in…
One of the bitterest episodes in tycoon Sudhir Ruparelia’s storied business life is the way he lost Crane Bank Limited to DFCU in January 2017. Bank of Uganda determined that Crane Bank was undercapitalized, opening the way for DFCU to take it over at a cost of Shs 200 billion. Crane Bank was the crown…
The deceased former secretary to the Treasury, Keith Muhakanizi, owns a 0.20% stake in DFCU Limited, making him the third largest individual shareholder in one of Uganda’s leading financial institutions. Only Sudhir Ruparelia (0.29%) and businessman Rakesh Gadani (0.26%) owned more individual shares in the institution than Muhakanizi, according to the bank’s annual report for…
If you take DFCU Bank to court armed with a street-side lawyer, you had better be ready to deal with a formidable and experienced army of lawyers that the bank has retained to fight its legal wars. It is very unusual for a company, let alone a wealthy individual in Uganda, to retain the services…
In a recent meeting with the editorial staff of Next Media, Col Edith Nakalema, the head of the State House Investors Protection Unit, had one major question: Why do some of you hate the NRM government? The question set off a chain of dramatic and animated reactions highlighting the complex relationship between the state and…
Until she went against her husband’s advice in 2006 not to stand in Ruhaama, Janet Kataha Museveni had never wielded real political power. She was the archetypal first lady, content to stay in the background and fearful of getting in the way of her powerful companion, President Museveni. In the first two decades of her…
The Court of Appeal has ruled that businesman Mohan Musisi Kiwanuka has been suffering from Alzheimer’s disease and dementia since 2017, and is therefore incapable of managing his affairs. It has also ordered that the businessman convenes a family meeting within 30 days to appoint a manager of his estate. The meeting, court ordered should…
Joy Kabatsi, 71, has served as head of the legal department at State House and as minister of State in the dockets of Agriculture and Transport. She has also been an influential figure in Sembabule politics for nearly three decades. In this interview with Bbeg Media, she reveals why she wants to unseat Lwemiyaga MP…
Mathias Mpuuga yesterday launched the Democratic Front with a call for opposition parties to unite against President Museveni’s National Resistance Movement (NRM) ahead of the 2026 elections. Mpuuga, a seasoned politician known for advocating electoral reforms, emphasized the need for collective action. “Only through unity can we achieve meaningful political change,” he told the crowd,…
Kira Municipality is poised for a pivotal parliamentary contest in 2026 that pits Ibrahim Ssemujju Nganda of the People’s Front for Freedom (PFF), against George Musisi, a lawyer backed by the National Unity Platform (NUP). Ssemujju, a seasoned journalist-turned-politician who has represented Kira since 2016 (he first represented Kyadondo East in 2011), remains a formidable…
