A storm is brewing in global finance after the African Export-Import Bank, popularly known as Afreximbank, terminated its credit rating relationship with Fitch Ratings in a move that has sent shockwaves through African financial markets. In a sharply worded public statement, Afreximbank said the credit rating exercise “no longer reflects a good understanding of the Bank’s Establishment Agreement, its mission, …
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City Mafia Target Tycoon Mukesh As Court War Over Prime Kampala Property Drags On
By Our Reporter Kampala: City tycoon Mukesh Shukla, popularly known as Mukesh, is once again at the centre of a long-running legal storm as alleged property mafias intensify efforts to frustrate his multimillion-dollar business empire through protracted court battles dating back to 2009. At the heart of the dispute is Shumuk House, a prime commercial property on Colville Street in …
Read More »MK GRAFT WAR ENTERS BEDROOMS! Army to raid civil servants’ homes hiding loot under beds, wardrobes & vaults
BY VENENSCIAS KIIZA The war against corruption in Uganda is entering its most dramatic and unsettling phase yet — and this time, it is no longer confined to offices, ministries or bank vaults. Highly placed intelligence sources have revealed to RedPepper that security and anti-corruption agencies are preparing to launch impromptu raids on the homes of civil servants suspected of …
Read More »RACE FOR STATE HOUSE! In NAMUTUMBA, M7 salutes Busoga for anti-Amin war efforts in 1970s
NAMUTUMBA – President Yoweri Kaguta Museveni has saluted the people of Busoga for their historic role in Uganda’s liberation struggle, reaffirming the NRM Government’s commitment to peace, development and household wealth creation. The President made the remarks while addressing thousands of residents at Kaiti Cell in Namutumba Town Council, accompanied by the First Lady and Minister of Education and Sports, …
Read More »CITY LAW FIRMS @ WAR! Dentons cries foul as Ligomarc inches closer to UETCL’s Sh13bn, rot in UETCL’s tender process exposed
The Public Procurement and Disposal of Public Assets Appeals Tribunal has allowed the case in which Dentons Advocates sued Uganda Electricity Transmission Company Limited (UETCL) over a 13 billion legal services contract for arbitration proceedings against Umeme Ltd. The Tribunal in its decision delivered on Friday, found irregularities in the evaluation process, including the unlawful alteration of the winning bidder’s …
Read More »THANK YOU & BYE-BYE! Finance Ministry Internal Auditor General Okonye Finally Bows Out — Bloody War Erupts Over His Successor!
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 …
Read More »BOOZE, BETRAYAL & BULLETS! UPDF Sgt Forgets Op Shujaa, Turns Bar into War Zone — Guns Down Boss, Lover & Bar Owner in Congo Love Triangle!
Shock and horror have rocked Ugandan army ranks after a soldier deployed in eastern DR Congo went on a drunken shooting spree, killing his commanding officer, his boss’s bodyguard and two women in a bar brawl reportedly sparked by jealousy. The Saturday night bloodbath reportedly happened in Mahagi Territory near Zale Airport, when the Uganda Peoples’ Defence Forces (UPDF) sergeant …
Read More »STREET WAR! KCCA Iron Lady Kicks Hawkers, Vendors Off K’la CBD, Offers 2000 Free Stalls in City Markets
KAMPALA — It’s fire in the city! The Kampala Capital City Authority (KCCA) has unleashed a brutal street cleansing operation, ordering all hawkers and street vendors to pack up and vanish from Kampala’s pavements — or face the iron hand of city enforcement. In a public notice issued this week, KCCA gave the traders just 7 days — starting October …
Read More »EXPOSED! Late Fadhul’s Son, Ex-Custodian Board Boss Sam Male Implicated in Madhvani, Minister Kaboyo War Over Sh3.7Bn Ripon Hotel Takeover
The ghost of former Amin-era strongman Brig Gen. Ali Fadhul has returned to haunt two of Uganda’s powerhouses — Minister Alice Kaboyo and industrial giants Madhvani Group — in a sizzling property war over the historic Ripon Falls Hotel in Jinja! Our Red Pepper online snoops have unearthed how Fadhul’s son allegedly played both camps, allegedly pocketing millions from the …
Read More »STINK WAR! Land Grabbers on Spot as Church Leaders, Residents Demand Relocation of Kenkombe Garbage Site
By Amos Tayebwa – Mbarara Tensions are mounting in Rwemigina Ward, Mbarara City North Division, as church leaders and residents intensify calls for the relocation of the Kenkombe garbage dumping site, citing worsening health risks and emerging cases of suspected land grabbing on the contested land. The dispute came to light during the closure of Mbarara City North Division baraza meetings recently held at St. Luke Kaburangire Church of …
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