The French Development Agency (AFD) has signed a €40 million (about Shs 170 billion) financing agreement with the Uganda Development Bank (UDB) to support priority sectors of the economy. The funding package includes an additional €800,000 (about Shs3.38 billion) in technical assistance. The agreement was signed on Monday at UDB Tower in Kampala by Marc…
The Airtel Africa Foundation has committed Shs3.85 billion to support Uganda’s digital workforce through the Tech Fellowship targeting high-achieving students from low-income households pursuing higher education in science, technology, engineering and mathematics. The four-year initiative commenced after a rigorous selection process conducted between December 2025 and January 2026. It will provide a full scholarship to…
Peter Mukuru has joined the Uganda Development Bank (UDB) as director of business technology. In a statement, the bank said Mukuru brings “more than two decades of experience in business technology and digital transformation across development finance institutions, regulatory bodies, government agencies, utilities and the private sector.” Until recently, Mukuru served as IT project manager…
The High Court has ruled that businesswoman Molly Katanga has a case to answer regarding the death of her husband, Henry Katanga at their Mbuya home in 2023. In a ruling delivered on Thursday morning, Justice Rosette Kania found that the prosecution had presented sufficient evidence requiring Katanga to respond to the charge. Molly’s lawyers…
On March 3, 2021, Hussein Ahmed approached Platinum Credit Uganda for a loan of Shs 31.4 million at an interest rate of 4% per month. As security, he handed over the logbooks for two vehicles: a Toyota Land Cruiser registration number UAW 911K valued at Shs25 million, and a Toyota Alphard registration number UBE 217M…
For more than five years, Bob Ainebyoona had held a Dembe Account at DFCU Bank and had had a good working relationship with the bank. One day in 2020, he attempted to withdraw some money from his account at the bank’s Naalya branch at the Quality Shopping Mall. The officials there redirected him to the…
Stanbic Bank Uganda and the Buganda have launched Ssemaduuka, a one-stop agricultural business centre designed to expand access to structured credit for farmer-owned savings and credit co-operative organisations, strengthen governance and formalise coffee value chains. The initiative was launched at Mayors Gardens in Mubende Municipality. For more than a decade, Frank Nyanzi, a 57-year-old coffee…
Two years ago, businessman Levy Lawrence Omulen was introduced to Malong Tong, aka Henry Ochown, as a wealthy South Sudanese investor interested in buying land for an industrial park in Uganda. Omulen was told by a one Peter Lubwama that Malong was a wealthy South Sudanese businessman with connections to the South Sudan government. He…
Defending champions Stanbic Black Pirates produced a dominant display at the weekend, defeating Rhinos Rugby Club 45–10 to move to the top of the rugby league table. Played in a heavy Saturday downpour, the match tested both sides’ discipline and tactical organisation. The Pirates adapted better to the conditions, combining structured phase play with sustained…
Tugende, a firm that provides motorcycle loans to riders, and the Uganda Revenue Authority are locked in a legal dispute over a tax assessment. The dispute started from Tugende’s decision to offer discounts to customers who clear their loan balances ahead of time. For tax purposes, Tugende treated those discounts as allowable expenses. However, in…
Prominent law firm Muwema & Co. Advocates has said it will appeal a High Court ruling that ordered it to pay more than Shs 1.3 billion ($370,000) in rent arrears to Downtown Investments Limited regarding its premises on Windsor Crescent in Kololo. The judgment, delivered on February 20 by Justice Patricia Mutesi, arose from a…
The PPDA Appeals Tribunal has dismissed an application by Roko Construction challenging its disqualification from a multibillion-shilling tender floated by the Uganda Bureau of Statistics (UBOS). In a detailed ruling, the tribunal upheld UBOS’s decision to eliminate Roko at the preliminary stage and confirmed the award to CRJE East Africa Ltd. The dispute arose from…
In the entertainment world, many people will tell you that success can be short-lived. We have seen many people and businesses in the sector come with a splash only to disappear without a trace. Julius Kyazze, the chief executive officer of Swangz Avenue, one of the most prominent production houses in Uganda, understands this cycle…
The outgoing Mawokota South MP, Yusuf Nsibambi, has joined the National Resistance Movement (NRM), weeks after losing his parliamentary seat in the recently concluded general election. Nsibambi, a veteran academic and long-serving legislator, was officially received into the party by the Speaker Anita Among, and the NRM Secretary General, Richard Todwong. The former member of…
The PPDA Appeals Tribunal has dismissed an application by Cementers Uganda which had challenged its disqualification from a Shs45.49 billion housing project tender by the National Social Security Fund (NSSF). In a decision, the tribunal reuled that Cementers’ application was “incompetent” because it had been filed out of time. It declined to consider the merits…
“I used to feed my children from my own garden. Now I buy food, and sometimes we sleep hungry.” That is how one of the residents interviewed by the Africa Institute for Energy Governance (AFIEGO) describes life after being affected by the East African Crude Oil Pipeline (EACOP) livelihood restoration programme. Her words capture the…
The 2026 Stanbic Match Play Challenge qualifiers at Entebbe Golf Club produced a historic moment for Ugandan golf after Berna Musanabera won the tournament’s first-ever hole-in-one car prize. Musanabera delivered a hole-in-one on the par-three 12th hole to claim a Toyota Corolla Cross Hybrid insured by Afrisafe Uganda. She becomes the first golfer, and the…
Stanbic Bank Uganda’s chief executive, Mumba Kalifungwa, has urged leaders across government, business and finance to turn Uganda’s macroeconomic gains into inclusive and long-term prosperity as the country approaches commercial oil production. Speaking at the fifth Stanbic Economic Forum in Kampala, Kalifungwa said Uganda’s future “is not something to be observed from a distance, but…
Henry Katanga, a businessman in Kampala, was felled by a gunshot to his head at his Mbuya home on November 3, 2023. Given his prominence and that of his family, his death drew media attention and elicited mixed reactions on social media. Even before the full picture of the circumstances of his death emerged, his…
Moses Kigongo, the first national NRM vice chairperson, has been ordered by court to pay Shs 58 million in damages and costs to a contractor who installed aluminium doors and windows at his property in Mpigi. Kigongo had wanted “bulletproof” glasses, which he said Diamond Glass Mart, the contractor, never delivered. So he paid the…
Nation Media Group (NMG) is considering scrapping the Sunday edition of Monitor Publications Limited as part of its restructuring process, sources at Namuwongo have told Bbeg Media. It is not clear when the decision will be effected, but reliable sources said “by April Sunday Monitor could be no more.” We have been told that during a…
It all started in February 2024 when Makerere University advertised the position of Deputy Vice Chancellor for Finance and Administration. Three professors were shortlisted. They were Prof. Anthony Mugisha, Prof. Henry Alinaitwe and Associate Prof. Bruce Kirenga. The Senate conducted elections Prof. Mugisha emerged with the highest number of votes so he was reccomended for…
African heads of state have begun arriving in Addis Ababa, Ethiopia, for the 39th African Union (AU) Summit, where leaders will deliberate on economic development, health, education, water and business issues aimed at improving livelihoods across the continent. In a statement released to journalists in Addis Ababa, the chairperson of the African Union Commission, Mahmoud…
Josephine Namakumbi, a news anchor and reporter, has been let go by Next Media as part of the company’s restructuring programme, multiple sources have told Bbeg Media. Namakumbi joined Next Media in 2019 as a news anchor and reporter is so far the biggest name in the editorial department to lose her job. She has…
Nile Breweries has been ordered to pay Fuel Stick Uganda Limited Shs 322 million for fuel additives supplied to its Mbarara plant, after the High Court rejected claims that the supplies were fictitious or counterfeit. The saga began in March 2022, when Nile Breweries issued three purchase orders for the supply of Biofuel Conditioner S19,…
For several years, Sarick Construction Ltd and Stanbic Bank Uganda worked side by side in what appeared to be a typical banker customer relationship built on trust. Between 2019 and 2022, Stanbic advanced multiple loan facilities to Sarick Construction to finance its operations. Samuel Okurut and Gorreti Okurut, the company’s directors, personally backed the loans,…
Next Media has suspended Adam Kungu, the host of The Barometer talk show, following a heated show between two guests on February 2, which the Naguru-based media organisation said breached minimum broadcasting standards set by the Uganda Communications Commission (UCC). In a letter dated February 4, 2026, which Bbeg Media has seen, Dalton Kaweesa, Head…
Justice Samuel Emokor of the High Court has dismissed an application by Meera Investments Limited seeking more than Shs 40 billion from DFCU Bank for alleged contempt of court. In his ruling, Justice Emokor of the Land Division held that although DFCU vacated dozens of properties without restoring them, its failure to do so was…
The 2026 Stanbic Economic Forum will focus on how Uganda can strengthen its competitiveness and position itself in a rapidly changing global economy as the country approaches the start of commercial oil production. The forum, themed: “Uganda’s Inflection Point: Competing in a Rewired Global Economy”, will be streamed live on Stanbic Bank’s YouTube channel on…
For more than 30 years, Prof Jean Barya lectured at Makerere University’s School of Law. When the time came for him to retire in 2020, he applied for a post-retirement contract, like many other staff had successfully done in the past. The university rejected his application because other people at the School of Law could…
Up to 12.6 million Ugandans living with a mental disorder do not know they are sick because they never seek treatment, the latest report by the Auditor General has revealed. According to the report, by 2022 an estimated 14 million Ugandans, about 32% of the population, were suffering from some form of mental disorder. However,…
The High Court has ordered a special audit into the affairs of Incafex Limited, after one of its shareholders, former minister Mathew Rukikaire, accused other shareholders of sidelining him and mismanaging the company. Rukikaire, the late James Garuga Musinguzi, and other shareholders started the company more than 35 years ago as a vehicle to carry…
The last traces of businessman Apollo Nyegamehe’s vast wealth are up for sale, three years after he tragically died in an accident in Itojo, Ntungamo. In a notice published in the Daily Monitor today, law firm AF Mpanga gave Aponye’s estate 30 days to clear outstanding debts, or else some of the residential houses, warehouses,…
There is rising tension and anxiety among staff at Next Media Services in Naguru following an internal memo that signalled a restructuring of departments and potential job losses. The memo dated January 10, 2025, the multi-media company said it was embarking on a second phase of reallignment which “will extend to the rest of our…
Jenifer Bamuturaki’s job at Uganda Airlines hangs by a thread after the board resolved to readvertise the position of chief executive officer, sources have told Bbeg Media. Positions of other directors are also likely to be re-advertised. The move could mean the end of Bamuturaki’s time at the national carrier, which has been characterized by…
Prime Minister Robinah Nabbanja has reaffirmed the government’s commitment to strengthening Uganda Development Bank’s (UDB) capital base to enable it to fully deliver on its mandate of accelerating Uganda’s socio- economic transformation. Nabbanja made the remarks on Friday while officiating at a ceremony where staff of UDB were passed out after completing a refresher training…
The Electoral Commission (EC) has announced that Wednesday, February 4, 2026, will be the polling day for local government council elections in electoral areas across the country where voting was not conducted or concluded earlier. In a press release, the commission said the polls will cover areas where voting failed to take place or was…
Once upon a time, in Naguru, Kampala, Andrew “Desh” Kananura, a renowned businessman and Vehicle and Equipment Leasing, a car leasing firm, entered into a deal. On the surface, the deal sounded simple. Vehicle and Equipment Leasing needed space to park many cars that it had imported. Kananura had the space at Panamera Bar, which…
The signs were there from the very beginning, but somehow, Hope Kyomugisha hoped her husband, Friday Mugisha, would change into a better person. On their wedding night in 1992, Mugisha allegedly slapped her after an argument. Kyomugisha, fearful of disappointing many people, including her parents, chose to stay. Little did she know that the beating…
Goldmine Finance has been stopped from removing a telecommunications mast owned by Towerco of Africa Uganda in Bugolobi, Kampala, pending the hearing of an appeal. Towerco of Africa Uganda, formerly Ubuntu Towers Uganda, is a licensed provider of telecommunications infrastructure. It constructed a mast on land at Plot 35, Princess Anne Drive, Bugolobi. The land,…
President Museveni has instructed newly elected Uganda People’s Defence Forces (UPDF) representatives to Parliament to serve primarily as “observation posts”. Museveni, who is also commander-in-chief of the UPDF, made the remarks on Tuesday while presiding over the election of UPDF representatives to the 12th Parliament at the Land Forces headquarters in Bombo. During the Defence…
The Chief of Defence Forces, Gen Muhoozi Kainerugaba, is set to officially join the 12th Parliament as one of the 10 representatives of the army. The Army Council convened today at Bombo Barracks to elect its representatives to Parliament. The meeting, chaired by President Museveni, was still ongoing by the time we went to press….
Sarah Bireete, the executive director of the Centre for Constitutional Governance (CCG), has been released on Shs1 million cash bail after spending about a month in detention. Bireete, who appeared at Buganda Road Chief Magistrates’ Court today, was ordered to deposit her passport with the court and was barred from leaving the country without permission….
The Uganda Wildlife Authority (UWA) has asked Parliament to approve Shs 10 billion to buy a helicopter to monitor national parks, rescue animals, and quickly transport veterinary doctors to injured wildlife. The request raised eyebrows among MPs, who questioned whether the figure includes maintenance, fuel, insurance and crew costs, or whether it only covers the…
Government has said National Unity Platform (NUP) leader Robert Kyagulanyi aka Bobi Wine, is free to move and return to his home, dismissing claims that he is being hunted. The minister for Information and National Guidance, Dr Chris Baryomunsi, said the continued deployment of security personnel at Kyagulanyi’s home in Magere is purely for surveillance…
Andrew Benon Kibuuka, a prominent actor and playwright has been trapped in a dispute between two ladies over a piece of land he owns in Kasanje, Wakiso. Court records show that Sheila Shemererwa paid money to Sarah Kagonyera for purchase of the the land but the transaction collapsed after vacant possession was never delivered. Kibuuka,…
The High Court has overturned tax assessments worth Shs1.24 billion that Uganda Revenue Authority (URA) had imposed on Britania Allied Industries Limited. In a detailed ruling, Justice Susan Odongo said URA acted “unfairly” and “unlawfully” by retrospectively changing its interpretation of customs law after approving Britania’s imports for nearly a decade. The dispute arose from…
The High Court has allowed Buildnet to defend a Shs146.3 million claim lodged against it by Fujian Industries Park, a Chinese firm contracted to carry out construction work on some of Buildnet’s projects. Buildnet is a prominent real estate development and management company in Uganda and has done several housing projects in Kampala and neighbouring…
The National Lotteries and Gaming Board (NLGB) has predicted that Ugandans will spend at least Shs 38.6 billion on gambling and betting per day, next financial year. This translates into Shs 14.1 trillion in a year. The projection was disclosed by the board’s chief executive, Denis Mudeni Winyi, while appearing before Parliament’s Finance Committee as…
Stanbic Bank has urged Ugandans to embrace a saving culture as a foundation for achieving long-term financial stability and economic growth. The call was made by Israel Arinaitwe, Head of Personal Banking at Stanbic Bank Uganda, as January draws to a close, a period often marked by financial strain following festive season spending. Arinaitwe said…
