Category: Business

Ukraine fails to knock out energy grid in Kursk border areas

Ukraine fails to knock out energy grid in Kursk border areas

According to Oleg Ivanov, the Ukrainian forces are attempting to cut the border areas of the Kursk Region off from power, but they have not succeeded in completely disabling individual energy facilities, only temporarilyKURSK, November 7. /TASS/. Attempts by the Ukrainian military to knock

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India 'largely stopped' Russian oil purchase: Trump's fresh claim amid tariffs

India 'largely stopped' Russian oil purchase: Trump's fresh claim amid tariffs

Trump's latest claim on the future of the India-Russia energy ties comes in the backdrop of ongoing trade negotiations between New Delhi and Washington.Days after he claimed that India would soon pause its Russian oil trade, US President Donald Trump has intensified the claim, now saying I

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EACOP starts 7.5KM road construction to link Hoima oil rich villages

EACOP starts 7.5KM road construction to link Hoima oil rich villages

The East African Crude Oil Pipeline (EACOP) Ltd, the company leading the development of Uganda’s crude oil export pipeline, in partnership with Hoima City, has commenced the construction of the Nyamasoga – Katooke Road under its Socio-Economic Investment (SEI) programme.This initiative

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Standard Chartered Uganda Confirms Agreement to Sell Wealth & Retail Business to Absa

Standard Chartered Uganda Confirms Agreement to Sell Wealth & Retail Business to Absa

Standard Chartered Bank Uganda has formally communicated to clients that it has entered into an agreement with Absa Bank Uganda for the sale of its Wealth & Retail Banking (WRB) business. The deal — which covers personal banking, wealth advisory and related retail products — remains subje

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Each Ukrainian owes almost $7,000

Each Ukrainian owes almost $7,000

Data from the National Bank of Ukraine shows that the country’s total debt amounts to $191 billion Ukraine’s national debt per capita has reached a record $6,821, according to estimates by TASS.Data from the National Bank of Ukraine shows that the country’s total debt amounts

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Uganda to vaccinate 44.5 million animals against foot-and-mouth disease

Uganda to vaccinate 44.5 million animals against foot-and-mouth disease

Uganda has announced plans to vaccinate about 44.5 million animals against foot-and-mouth disease (FMD) in a nationwide exercise scheduled to start early next year, a government official said Tuesday.In a statement issued in Kampala, the country’s capital, Minister of State for Agricultu

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Local manufacturers cry out to Museveni over imports influx undermining BUBU policy

Local manufacturers cry out to Museveni over imports influx undermining BUBU policy

Hajjat Hadijah Namyalo, Head of the Office of the National Chairman, in a group photo with Mr Kaka Kasim, Executive Director at Ahmed Raza Foods Industries Ltd and his staff at the factory headquarters in Matugga, Wakiso District on Wednesday, November 05, 2025Wakiso, Uganda: Ugandan local

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Habib Kagimu to Entrepreneurs: Prepare for Uganda’s Oil Boom

Habib Kagimu to Entrepreneurs: Prepare for Uganda’s Oil Boom

Oil companies are like a nation — they need everything from everything. If you can set up shop near them, they will buy everything from you,” Kagimu explainedKAMPALA, Uganda — Malaysia’s Honorary Consul in Uganda, AlHaj Habib Kagimu, has urged local entrepreneurs to strategically p

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Russia determined to remain world’s second-largest arms exporter — official

Russia determined to remain world’s second-largest arms exporter — official

The 2036 development strategy of Russia’s Rostec state corporation assumes that the country will remain the world’s second-largest arms exporter, Executive Director Oleg Yevtushenko said."This year, Rostec approved its new development strategy through 2036. The difficult situation in t

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NSSF brings together Africa’s top pension funds in ‘$700b in 1 Room’ effort

NSSF brings together Africa’s top pension funds in ‘$700b in 1 Room’ effort

Leading pension funds across Africa today gather in Kampala to commit to a “Fund for Africa” at the “$700b in 1 Room” All Africa Pensions Summit.The Summit 5th – 7th November at the Munyonyo Convention Centre in Kampala, Uganda, will be hosted by NSSF Uganda, under the theme “P

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