Tag Archives: Plants

KARUMA CASH CRISIS! UEGCL Profits Drop, Debt Soars to 81.6% as Power Plants Rot —Who is Sleeping on the Job?

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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 …

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Amid Uganda’s Gold Scam Storm, EuroGold Refinery Plants Flag in Dubai 

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As Uganda continues to battle persistent gold fraud scandals that have left foreign investors counting heavy losses, EuroGold Refinery has taken a bold leap onto the global stage, officially opening its main offices in Dubai—the world’s gold capital. The move, announced with fanfare, comes at a time when Uganda’s gold sector remains under scrutiny for fake gold deals, vanished consignments, …

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