Tag Archives: profits

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 …

Post Views: 8 By Wilber Muhwezi Kasibante [MK]In Sheemawww.mknewslink.com——Mushanga sacco ltd headquartered in Sheema with branches across Ankole yesterday afternoon launched two new products among many others it already has.The products are Mobile loans that are offered on mobile phones and Agency Banking that is implemented through agents situated in mainly urban areas.According to the general manager Mushanga sacco, …

Shockwaves are still rippling through Uganda’s telecom corridors after Richard Yego, the Managing Director of MTN Mobile Money Uganda Ltd (MTN MoMo), stepped down, setting the stage for a dramatic February 2026 handover. Officially, it is a diplomatic transition. Unofficially, insiders are whispering about peanuts salary, boardroom jealousy, profit obsession and a silent corporate war that made his position untenable. …

Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation pouring trillions into companies that are barely staying afloat. As a state enterprise, UDC is mandated “to promote and facilitate …

The French oil beast TotalEnergies — famous for its glossy green ads and “net-zero by 2050” sermons — has been caught pants down! A Paris court has ruled that the company LIED to consumers about being a “leader in the energy transition.” Translation? The oil giant was selling dreams of solar panels while drilling harder than ever for crude. The …