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President Museveni Moves to Save Aponye’s Empire as Banks Close In

President Yoweri Kaguta Museveni has officially stepped into the unfolding financial crisis surrounding Aponye (U) Ltd, one of Uganda’s largest agro-logistics conglomerates, directing urgent government intervention to address the company’s rising debt burden. In a letter dated April 28, 2025, and addressed to Mrs. Vangi Nyegamehe, a shareholder in Aponye (U) Ltd, the President acknowledged receipt of a prior communication from the company dated April 3, 2025, in which it highlighted serious indebtedness threatening its operations. “This is a kind reminder in the matter of Aponye (U) Limited,” reads the letter bearing the presidential seal and signature. “By the copy…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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