Author: Daniel Muwanguzi
Swiss-Indian billionaire Pankaj Oswal’s industrial empire is under fire after Ugandan authorities accused his flagship ethanol factory in the East African country of choking protected wetlands with toxic waste — a crime that could land company bosses behind bars for up to 12 years. The storm centres on PRO Industries Pte Limited, a massive ethanol and extra-neutral alcohol (ENA) plant in Luwero District, central Uganda commissioned with fanfare by President Yoweri Museveni himself just weeks ago. Now, the same factory is on the spot for alleged environmental destruction. Indian nationals Asrashundhra Oswal and Riddhi Oswal, directors of the company, were…
When the Bank of Uganda (BoU) quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went on to announce the decision publically in a notice issued Thursday, Jan. 29, it merely confirmed what insiders had long whispered: the collapse was inevitable, according to a local tabloid Red Pepper. The only question had been when—and who would take the blame—and not if. On paper, the downgrade has been framed by FTB as a “strategic board decision.” In reality, it marked the end of a prolonged survival struggle triggered by…
President Yoweri Kaguta Museveni on Saturday awarded Modern Group directors and other five outstanding entrepreneurs , industrialists for their contribution to Uganda’s economic transformation at the Mustard Seed Awards 2025, held at Africa Coffee Park in Rwashameire, Ntungamo District including . Led by Ashish Monpara , Rajan Patel and Ishan Patel , Modern Group is a diversified organization in Uganda, Africa and one of the leading groups of industries comprising more than 8 companies. It has created a world class supply chain management that has capabilities to develop business in any corner of the world. Over the years, Modern Group aims to position itself to be the market leader in all of…
Frank Bulira, the former presidential candidate of the Revolutionary People’s Party (RPP), in the just concluded Uganda’s 2026 presidential election on Saturday January 24th 2026, pitched camp in Bugiri District, Eastern Uganda to campaign for the party’s flag bearer Mr Mukisa Lucas. Mukisa Is contesting for the mayor Muwayo Town Council in Bugiri District, Busoga sub region and the polls will be on February 4th 2026. Speaking to locals in Muwayo , Namalemba among other areas, Bulira who is now focused on rebuilding support at the grassroots level rather than pursuing legal action after an election he termed as sham, urged voters…
Ronald Balimwezo Nsubuga, the National Unity Platform (NUP) flag bearer, has been declared the new Kampala Lord Mayor after a decisive victory over eight contenders, including long-serving incumbent Erias Lukwago. Balimwezo was declared winner by the Kampala District Returning Officer, Jennifer Kyobutungi, shortly before midnight at the Kampala District Tally Centre at Makerere University Business School (MUBS), Nakawa. The prolonged tallying process stretched late into the night, keeping Kampala residents and Ugandans across the country anxiously waiting for the final outcome. According to the official results, Balimwezo secured 141,220 votes out of 232,500 valid votes cast, translating into a commanding…
As the month of January draws to a close to the end, Ugandans have been urged to prioritise saving if they are to achieve their aspirations and long-term financial goals. The call was made by Israel Arinaitwe, Head of Personal Banking at Stanbic Bank Uganda. Arinaitwe emphasised the importance of saving before spending, echoing the enduring wisdom of economist Adam Smith in The Wealth of Nations: “The development of an economy depends on the stock of its capital.” He believes this philosophy is one every Ugandan should embrace while working toward better lives for themselves and future generations. In an exclusive…
President Yoweri Museveni has appointed Dr Flavian Zeija as the new Chief Justice of Uganda, replacing Justice Alfonse Chigamoy Owiny-Dollo, who retired after attaining the mandatory retirement age of 70. Dr Zeija, an academic and seasoned jurist, has previously served as a judge of the High Court of Uganda, Principal Judge, and most recently as Deputy Chief Justice. His appointment marks the culmination of a long judicial career spanning the bench, legal scholarship, and judicial administration. Speaker of Parliament Anita Among confirmed the appointment during her address to Members of Parliament on January 21, 2026, at the Parliament House in…
Police have arrested National Unity Platform (NUP) Buganda Region President, Muhammad Muwanga Kivumbi, in connection with alleged political violence in Butambala District. Kivumbi, who is also the incumbent Member of Parliament for Butambala County, was taken into custody on Wednesday and is currently being held at a police facility. Confirming the arrest, Katonga Region Police Spokesperson Lydia Tumushabe said investigations are ongoing and that Kivumbi will be presented before court in due course. “The Uganda Police Force would like to confirm the arrest of the Butambala County legislator, Hon. Muhammad Muwanga Kivumbi. He is currently in police custody and will…
The State Minister for General Duties Hon. Henry Ariganyira Musasizi has said that Uganda stands at its most promising economic inflection point and the financial year 2026/27 is Uganda’s opportunity to fast-track the qualitative leap to upper middle-income status. This was during the briefing of the Budget Committee of Parliament on the National Budget Framework Paper for FY 2026/27. The Minister who was flanked by the Permanent Secretary and Secretary to the Treasury (PSST), Ramathan Ggoobi, said Uganda registered GDP growth of 6.3 percent in FY 2024/25 and the projected growth for this FY 2025/2026 is between 6.5 to 7.0…
Mandela Group of Companies has rewarded customers with sports cycling bikes and Supreme Flour products through its Win the Mountain Bike campaign. The bikes and other goods were handed over at Capital Shoppers and Standard Supermarket (Garden City Branches) in Kampala by Flavia Namutebi, the Manager of Mandela Millers Kampala area. Namutebi said this was the climax of the promotion that targeted customers who purchased Supreme products during the Christmas festive season. The handover ceremony was witnessed by the managers of both supermarkets. Handing over the bicycle to one of the winners Mr Swizen Tumwesige, Namutebi said the initiative reflects…