Category: Business

NO MORE CHICKEN THIGHS: Mabira’s Roadside Market Najjembe Demolished As Gov't Steps Up Demolition Of Makeshift Markets

NO MORE CHICKEN THIGHS: Mabira’s Roadside Market Najjembe Demolished As Gov't Steps Up Demolition Of Makeshift Markets

The popular Najjembe roadside market famous for its roasted chicken, gonja, nyama choma, and other roadside delicacies right as you enter Mabira Forest along the Kampala-Jinja highway in Lugazi Municipality (Buikwe District) has been demolished.The demolition that took place on Thursday, 1

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UBOS ED Chris Mukiza allegedly attempts to shoot Rubanda West MP Kamuntu at Kololo facility

UBOS ED Chris Mukiza allegedly attempts to shoot Rubanda West MP Kamuntu at Kololo facility

confrontation involving the Executive Director of the Uganda Bureau of Statistics, Dr. Chris Mukiza and outgoing Rubanda West Member of Parliament Moses Kamuntu is reported to have escalated into an attempted gun shooting incident at a top hotel facility in Kololo on Saturday evening.Eyewi

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Africa's busiest airport doubling 30m passenger capacity with massive £3.2billion upgrade

Africa's busiest airport doubling 30m passenger capacity with massive £3.2billion upgrade

Africa's "busiest" airport is undergoing a massive multi-billion-pound overhaul that will further expand its capacity. Cairo International Airport (CAI) is a major international flight hub serving the Egyptian capital and its metropolitan area. It's the country's largest and busiest airport, and

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Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Government has quietly converted a Shs7.78 trillion temporary advance from the Bank of Uganda into long term public debt, a move that will see taxpayers commit to years of repayments amid rising pressure on the country’s finances.According to the Parliamentary Committee on Finance report

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Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure:

Uganda Clays may have bought time, but not certainty. Beneath the return to profit lies a balance sheet still under strain, propped up by deferred obligations and a partially unsecured NSSF loan. Its recovery, while visible, remains fragile. The real test will come when repayments begin, when imp

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MTN, Airtel Ask Gov’t to Reduce Mobile Money Withdrawal Charges

MTN, Airtel Ask Gov’t to Reduce Mobile Money Withdrawal Charges

PARLIAMENT – MTN Uganda and Airtel Uganda have urged the government to slash the excise duty on mobile money withdrawals from 0.5 percent to 0.25 percent and introduce a cap of Shs5,000 per transaction.The telecom giants made the appeal on Wednesday when their officials appeared before P

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Uganda appoints Citibank to mobilise funds for 2.7 billion euro railway project

Uganda appoints Citibank to mobilise funds for 2.7 billion euro railway project

Uganda said on Thursday it had appointed Citibank to mobilise financing needed to fund the country's planned 2.7 billion ‌euro ($3.19 billion) Standard Gauge Railway (SGR) project.In a post, opens new tab on the X platform, the East African country's finance ministry said Uganda is "in t

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Uganda Tea Prices Rebound 21 Percent at Mombasa Auction

Uganda Tea Prices Rebound 21 Percent at Mombasa Auction

MOMBASA, Kenya – Uganda’s tea sector is showing renewed signs of recovery, with auction prices rebounding 21% and absorption rates strengthening.Sector players say this offers cautious optimism to growers and processors after years of volatility. Data from the Mombasa tea auction indic

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World Bank Concerned Over Uganda’s Growth Not Corresponding With Improvement In People’s Livelihoods

World Bank Concerned Over Uganda’s Growth Not Corresponding With Improvement In People’s Livelihoods

‎‎The World Bank has hailed Uganda’s high economic growth rates but noted that this is not corresponding with the improvement in people’s livelihoods.‎Ndiame Diop, the Bank’s Vice-President for Africa lauded Uganda for the macroeconomic stability but urged the country to transl

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MINISTERS ON THE CHOPPING BLOCK! Kinyara–Victoria Sugar War Explodes as Weighbridge Chaos, Farmer Cries & Political Infighting Reach M7

MINISTERS ON THE CHOPPING BLOCK! Kinyara–Victoria Sugar War Explodes as Weighbridge Chaos, Farmer Cries & Political Infighting Reach M7

Eight ministers may face the knife over the raging Kinyara Sugar Limited and Victoria Sugar war, a battle of World War II magnitude that has rocked the sugar sector and left political heavyweights bruised, exposed, and fighting for survival as a looming cabinet reshuffle casts a long shadow over

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