Tag Archives: Billion

A dark cloud of financial scandal once again hangs over the Ugandan Parliament, and this time, the stench is particularly potent. I have been reliably informed that some weeks back, the four Commissioners of Parliament—Hon. Solomon Silwany, Hon. Esther Afoyochan, Hon. Prossy Akampulira Mbabazi, and Hon. Mathias Mpuuga—quietly approved for themselves a second “service award” to the tune of 400 …

The Mbale Chief Magistrate’s Court on Thursday, October 23, 2025, sentenced two senior officials from Manafwa District to two years in prison and ordered them to refund Shs1.6 billion they fraudulently obtained from Duckhill Microfinance in Mbale City. The case, Duckhill Microfinance Vs. Manafwa Principal Human Resource Officer (PHRO) Betty Namono and Chief Finance Officer (CFO) Michael Bichacha, had dragged …

By Kasirye Ronald, Journalist, TV Producer, and CEO of Ronkas Media Uganda’s government is once again preparing to borrow heavily in the name of development. This time, the request before Parliament is for Shs 8.2 trillion, roughly USD 2.1 billion, allegedly to finance energy and infrastructure projects. On paper, it sounds like progress. In reality, it is another act in …

The Comesa Competition Commission has fined global beverages giant Diageo $750,000 (Shs2.5b) for engaging in anti-competitive business practices across Uganda, Eswatini, and Zambia. Diageo, the majority shareholder in East African Breweries Limited, was found to have breached regional competition laws by restricting trade and distorting market dynamics within Comesa.A 13-page ruling indicates that the Commission concluded that Diageo’s distribution and …

The Mbale Court has convicted two senior Manafwa District officials, Principal Human REsource Officer  (PHRO) Betty Namono and Chief Finance Officer (CFO) Michael Bichacha, over a Shs1.6 billion fraud case involving Duckhill Microfinance Limited in Mbale. Court documents reveal that the two accused obtained the money through false pretences, using forged contracts, documents, and security instruments, including land titles, to …

Tokyo, Japan — Uganda has made a powerful statement at Asia’s biggest coffee gathering, the SCAJ World Specialty Coffee Conference & Exhibition in Japan, positioning itself as one of the world’s fastest-rising coffee exporters and a reliable source of both Arabica and Robusta beans. Ugandan Pavilion at the EXPO The appearance comes at a time of historic performance for Uganda’s …

By Kabuye RonaldPresident Yoweri Museveni has pledged UGX 10.2 billion to Boda Boda Savings and Credit Cooperative Organisations (SACCOs) across the Kampala Metropolitan Area, with a strict condition that all loans disbursed under the scheme must not exceed a 6% annual interest rate. Museveni Commits UGX 10.2 Billion to Boda Boda SACCOs, Cautions Against Moneylenders 8 During a meeting held …