Tag Archives: Finance

HUGE SCANDAL! Investigation Lays Bare Rot at World Bank Funded CEDP Project, Finance Ministry, PSFU on the Spot

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After ten years, millions in financing and bold promises to transform Uganda’s business and tourism competitiveness, the Competitiveness and Enterprise Development Project (CEDP) is now under an unforgiving spotlight. The December 2025 Value for Money audit on CEDP has laid bare a troubling pattern of delayed works, underutilised facilities, partially implemented reforms and systems that exist on paper but struggle …

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WEB OF LIES? ACCESS BANK’S MERGER TRAIL OF TEARS – After Uganda’s Finance Trust Fiasco, Nigerian Giant Drops Sh625bn S.Africa Deal!

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Africa’s so-called banking powerhouse, Nigeria’s Access Bank, is once again under the spotlight after another high-profile merger deal spectacularly collapsed—this time in South Africa. Barely months after Uganda’s Finance Trust Bank (FTB) was left gasping for air following a failed takeover promise, Access Bank has now walked away from a Sh625.4 billion agreement to acquire 100% of Bidvest Bank Holdings …

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LEGAL EARTHQUAKE! Banking and Insurance Sectors on Edge as Finance Trust, Sanlam Clash in Mega Sh30bn Insurance Showdown

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Uganda’s banking and insurance industries are on high alert as a courtroom battle erupts over who should pay for a trail of disastrous land valuations that left Finance Trust Bank exposed to massive loan losses. At the centre of the fight is a Shs300 billion claim—one of the largest ever—based on allegations that Katuramu & Company Consulting Surveyors filed wildly …

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Housing Finance Bank Business Clinics Return for 3rd Edition, Spotlighting Uganda’s Tourism Sector

Ms. Angela Ndawula, Head Business and Institutional Banking addressing the media and attendees at the recently concluded 3rd edition of the HFB Business clinic held at their head office in Kololo

Entrepreneurship in Uganda is a journey of ambition, resilience, and constant learning. Recognizing both the challenges and opportunities this path presents, Housing Finance Bank hosted the 3rd edition of its Business Clinics, a platform where entrepreneurs are supported, connected, and equipped to navigate the complexities of business growth. The edition, held on 11th November 2025, focused on Financing Growth in …

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THANK YOU & BYE-BYE! Finance Ministry Internal Auditor General Okonye Finally Bows Out — Bloody War Erupts Over His Successor!

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The long-serving Internal Auditor General Dr. Fixon Akonya Okonye has finally thrown in the towel at the Ministry of Finance — ending months of behind-the-scenes wrangles, political pressure, and backdoor lobbying over his future. Sources inside Finance House whisper that efforts to secure him a contract extension were crushed — even after Speaker Anita Among reportedly led a powerful lobby …

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