Tag Archives: Debt

Eleven years at the helm. Billions borrowed. Mega dams commissioned with pomp and glory. Yet today, hard questions are exploding over the management of Uganda Electricity Generation Company Limited as the December 2025 Auditor General’s report exposes troubling cracks in Uganda’s power generation giant. At the center of the storm is Harrison Mutikanga, CEO for the last 11 years. Alongside …

CP Cables has written to Wananchi Group (K) Limited, demanding payment of Ksh.46.9 million (about UGX 128.7bn) setting the stage for potential liquidation proceedings at the High Court in Nairobi. The demand, issued under the Insolvency Act, 2015, was filed before the Commercial and Tax Division of the High Court as Insolvency Cause No. E017 of 2026. CP Cables says …

Kampala- Uganda’s public debt has risen sharply over the past four years, triggering concern from the Auditor General over the country’s growing debt burden. Auditor General Edward Akol.(Courtesy photo) According to the latest Auditor General’s report, Uganda’s total public debt increased from Shs69.20 trillion in 2021 to Shs114.60 trillion in the financial year ending June 2025. The report highlights a particularly …