Category: Business

Uganda signs $2bn deal to boost oil infrastructure

Uganda signs $2bn deal to boost oil infrastructure

Uganda National Oil Co. signs a $2 billion loan with Vitol Bahrain to fund major infrastructure, including a new fuel pipeline and storage terminals.KAMPALA — Uganda’s state-owned oil company has signed a $2bn (£1.5bn) deal to fund major infrastructure projects designed to turn the co

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What next for Litecoin’s price after its $80-floor cracks?

What next for Litecoin’s price after its $80-floor cracks?

The liquidation heatmap showed that there was a chance of a brief LTC price bounce to $82 next.Bitcoin [BTC] bounced to $89.5k before sinking to post a new low of $84.5k. This volatility saw Litecoin’s price [LTC] drop 7.5% in 5 hours, with the altcoin posting a new lower low at $72.64.

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Bitcoin’s silent exodus hits crypto as long-time buyers cash out

Bitcoin’s silent exodus hits crypto as long-time buyers cash out

More than two months after the token hit a record high above $12 000, Bitcoin has fallen nearly 30% and is struggling to find support.Bitcoin’s most entrenched investors are still cashing out — and the pressure is starting to show.More than two months after the token hit a recor

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South African rand flat ahead of leading economic indicator, local inflation data

South African rand flat ahead of leading economic indicator, local inflation data

JOHANNESBURG, Dec 17 (Reuters) – The South African rand was flat in early trade on Tuesday, ahead of the release of local central bank data and inflation data that will shed light on the country’s economic outlook.At 0512 GMT, the rand traded at 16.75 against the dollar, little changed

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Bitcoin’s price ‘fails’ twice, but here’s why a crypto-winter is still unlikely

Bitcoin’s price ‘fails’ twice, but here’s why a crypto-winter is still unlikely

Bitcoin's price 'fails' twice, but here's why a crypto-winter is still unlikelyBitcoin’s [BTC] recovery efforts haven’t been totally successful lately. In the last 8 days, Bitcoin has tested the $94k local resistance twice.Both times, it failed to break through. As things stand,

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Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects

Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects

“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS

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Adam Back shuts down Quantum FUD that could ‘likely crash Bitcoin’s market’

Adam Back shuts down Quantum FUD that could ‘likely crash Bitcoin’s market’

Some holders have migrated to a relatively secure address format called Segwit.Bitcoin quantumQuantum computing has made some progress, but not to the extent that it could pose a threat to the Bitcoin network and related wallets.According to Adam Back, CEO of Blockstream and

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Bitcoin Price Today, December 16, 2025: BTC Price Falls Below USD 86,000 Amid Selling Pressure.

Bitcoin Price Today, December 16, 2025: BTC Price Falls Below USD 86,000 Amid Selling Pressure.

Bitcoin prices have fallen sharply compared to yesterday, slipping to USD 85,550. The cryptocurrency was trading close to the USD 90,000 level on December 15 before a clear downward trend emerged. Increased selling pressure, weaker market sentiment and thin liquidity have weighed on prices, makin

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Uganda: Kasese Cotton Farmers Decry Climate Change, Low Prices, Call for Government Intervention

Uganda: Kasese Cotton Farmers Decry Climate Change, Low Prices, Call for Government Intervention

Cotton farmers in Kasese District have raised fresh concerns over climate change and falling market prices, warning that the twin challenges are threatening the survival of one of the region's once most reliable cash crops.Farmers say prolonged dry spells

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MTN Uganda, Entebbe Club Celebrate the Official Opening of the Refurbished Entebbe Clubhouse

MTN Uganda, Entebbe Club Celebrate the Official Opening of the Refurbished Entebbe Clubhouse

MTN Uganda and the Entebbe Club have officially opened the newly refurbished Entebbe Clubhouse in a ceremony held this evening at the historic club grounds. The event was graced by the Attorney General of Uganda as Guest of Honour, alongside MTN Uganda Chief Exe

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