Author: felix@elixnews.co.ug

Atleast 70 percent of Ugandans are now participating in the money economy, President Yoweri Museveni  has revealed. Speaking at the 40th Liberation Day celebrations Museveni said Uganda’s economic transformation had progressed steadily from post-war recovery to diversification, value addition, and, most recently, the emergence of a knowledge-based economy. The celebrations was held under the theme “Tribute to the Patriots who ushered in a fundamental change,” after President Museveni securing another term in office. In his address, the President thanked God and Ugandans for successfully completing the electoral process. “I thank God for having seen us through this big exercise of…

By Felix Brian Oketcho NCBA Group PLC (NCBA or the Group), a preeminent financial services provider in East Africa, has announced that it has received a Strategic Investment Proposal together with a Notice of Intention (NOI) from Nedbank Group Limited (Nedbank) to acquire approximately 66 per cent of the ordinary shares of NCBA from NCBA shareholders by way of a Tender Offer. If the Tender Offer is successfully completed, Nedbank will acquire a controlling interest in NCBA, resulting in NCBA becoming a subsidiary of Nedbank. At the conclusion of the Tender Offer, the remaining shares, representing 34 per cent of…

When Barot Harshad Maganbhai, the Chairman of Tirupati Development (U) Limited, arrived in Uganda in 1993, he carried little more than hope, grit, and a modest capital of USD 150 as seed capital to invest in Uganda More than three decades later, that journey of resilience and enterprise has paid off and was crowned with national recognition as President Yoweri Kaguta Museveni conferred upon him the Distinguished Order of the Crested Crane (Grand Officer), one of Uganda’s highest honours. The award was presented on January 26, 2026, during the 40th NRM/A Liberation Day celebrations at Kololo Ceremonial Grounds, held under the…

KCB Bank Uganda has increased its personal loan limit to shs 500 million and extended repayment periods to 10 years, for salaried employees. The bank said the initiative aims to help customers use credit as a proactive tool for financial planning rather than a last-resort measure. “By removing collateral requirements, the facility allows professionals to finance long-term goals such as education, property acquisition or small business ventures,”Miranda Bageine Musoke, Head of Retail Banking at KCB Bank Uganda, said. “When income is used strategically and supported by the right financial solutions, it becomes a tool for growth, stability and long-term security,” Musoke added. According…

Born in 1983 in Kirokole Village, Kawempe I Parish to Swaib Sserugooti Kajjankemba and Ms. Madiina Nantongo,Erias Nalukoola is fast rising Lawyer and Member of Parliament for Kawempe North. He is well known for his strong stand and advocacy for marginalized community and human rights. Elias Nalukoola went to Kawempe Islamic School, Kyerima Umea Primary School, and Kawempe Muslim Primary School for his primary school education. He later joined St. Paul SS Mpererwe then Kawempe Muslim Secondary School for his A-Level. He attained his law degree from Makerere University and a postgraduate diploma in legal practice from the Law Development Centre…

President Yoweri Museveni has appointed Dr Flavian Zeija as the new Chief Justice of Uganda, He replaces 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. Dr Zeija’s appointment follows the formal retirement of Chief Justice Alfonse Owiny-Dollo, which took effect on January 18, 2026, the day he turned 70,…

President Yoweri Museveni has ordered for the cancellation of land titles in the Kitubulu Central Forest Reserve, citing corruption within the National Forestry Authority and the need to protect Lake Victoria. Kitubulu Central Forest Reserve is a protected area located in Entebbe in Central Uganda.  it is an important forest ecosystem that is home to a diverse range of flora and fauna gazetted in 1932 to protect Lake Victoria and the environment. In a letter to Water and Environment Minister Sam Cheptoris, Museveni said his previous approval of a shopping mall, hotel and mini-city in the reserve was based on wrong information.…

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…

The Internal Security Organisation (ISO) has asked Parliament for an additional Shs 218 billion in the 2026/27 financial year to boost intelligence gathering and monitor the Parish Development Model (PDM). As of November 2025,government has disbursed over UGX 3.261 trillion to Parish Development Model (PDM) SACCOs across the country since the program’s launch in 2022. The request was made by Martha Banura, the Deputy Director for budget at ISO, while appearing before the Presidential Affairs Committee chaired by Alex Byarugaba to present the agency’s National Budget Framework Paper. Banura told MPs that enhanced intelligence collection remains ISO’s top priority. She said…

Who is George Arodi? George is a graduate of the University of Nairobi with work experience spanning several years. I started my career with a flagship company within the Safal Group family, Mabati Rolling Mills Ltd (MRM) in Kenya, as an Exports Officer. For 17 years, I grew through the ranks, holding various positions, till I was appointed the Exports Manager in 2007. In 2011, I was privileged to work with another Safal Group company- Ethiopian Steel Ltd, as Head of Business and Director for a period of 6 years between 2011 and 2017 when I joined this great company,…