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TodayFriday, May 01, 2026

debt

Late billionaire Apollo Nyegamehe’s agro-logistics empire, now teeters on the brink of financial rupture as lenders move to auction prime assets under the leadership of his son Harold Byamugisha

Three Banks Move to Auction Late Billionaire Aponye’s Properties Over UGX 15 Billion Loan Arrears

A consortium of commercial banks has initiated proceedings to auction off several prime properties belonging to the late billionaire businessman, Apollo Nyegamehe, popularly known as Aponye, in a sweeping debt recovery effort
July 3, 2025
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Driving MTN Uganda’s record-breaking year: Richard Yego (CEO, MTN MoMo), Sylvia Mulinge (CEO, MTN Uganda), and Andrew Bugembe (CFO, MTN Uganda) led the charge behind UGX 641.5 billion in profit and UGX 506 billion in shareholder dividends. Yet, looming over this strong performance is a strategic pivot that has analysts sounding the alarm: the planned spin-off of its fintech arm—MoMo—could significantly alter the company’s growth trajectory and valuation dynamics.

MTN Uganda’s Record Profits Face Uncertain Future Amid Fintech Spin-Off

MTN in 2024 delivered yet another solid year, cementing its place as Uganda’s most profitable and actively traded listed company. With double-digit revenue growth and record earnings, the telecom giant showcased operational
June 24, 2025
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The fallout between UPDF and Germany, which stems from escalating tensions over governance and human rights concerns, may trigger economic spillovers that could stall or jeopardize Germany's ongoing aid-funded initiatives in Uganda.

From Power Lines to Refugee Aid: What Uganda Stands to Lose in Germany Rift

A growing diplomatic rift between Uganda and Germany threatens to cast a shadow over critical development projects, ranging from refugee support to energy infrastructure. The fallout, which stems from escalating tensions over
May 29, 2025
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Finance Minister Matia Kasaija, Prime Minister Robinah Nabbanja and Ministry of Finance Permanent Secretary, Ramathan Ggoobi.

Uganda Gov’t plans to borrow over UGX 5.8 trillion in a single sitting amid rising debt concerns

A leaked memo from the Office of the Prime Minister reveals that the government of Uganda plans to review and possibly approve borrowing proposals amounting to over USD 1.6 billion (UGX 5.8
March 25, 2025
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Nicholas Kiiza works at Stanbic Bank Uganda as an infrastructure financing expert.

Fill the infrastructure gap to unlock inclusive growth

The 2024/2025 financial year is here and the Government’s fiscal strategy aims at attaining inclusive economic growth, while maintaining a stable macroeconomic environment and preserving debt sustainability; it will require sh72 trillion.
August 14, 2024

 

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