Category: Business

The price of gold is skyrocketing

The price of gold is skyrocketing

Why speed of the upswing has been much faster than analysts predicted and why the rally is likely to continue?COMMENT | LUKE HARTIGAN | The price of gold surged above US$4,100 (Approx. Shs14 million) an ounce (Approx.28g) on Oct.15 for the first time, taking this year’s extraordinary ral

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UEDCL connects 230,000 new clients, focuses on filling staffing gaps

UEDCL connects 230,000 new clients, focuses on filling staffing gaps

180 days after taking over from Umeme, Uganda Electricity Distribution Company Limited (UEDCL) has connected 230,000 clients and filled all staffing gaps. However, power cuts continue to be a major challenge that clients and the public have been complaining about. Sudhir Byaruhanga spoke to UEDCL

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MTN MoMo and Partners Launch Nationwide Cybersecurity Awareness Campaign

MTN MoMo and Partners Launch Nationwide Cybersecurity Awareness Campaign

MTN Mobile Money (U) Ltd (MTN MoMo) and partners have launched a nationwide cybersecurity awareness campaign under the theme “Securing the Future: The Rise of AI” to educate customers on safe digital practices amid rising cyber threats.Speaking at a p

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AWS is currently down, and it took half the internet with it

AWS is currently down, and it took half the internet with it

This article covers a developing story. Continue to check back with us as we will be adding more information as it becomes available.Amazon Web Services (AWS), a cloud computing platform, is currently down. And while the previous sentence might make it so

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Extravagant URA Returns To Renting Sudhir’s Building For Shs7.4 Bn After Completing Shs140 Billion Tower

Extravagant URA Returns To Renting Sudhir’s Building For Shs7.4 Bn After Completing Shs140 Billion Tower

On Sunday, October 19, 2025, the Uganda Revenue Authority (URA) completed the transfer of four departments from its headquarters in Nakawa to office space owned by city businessman Sudhir Ruparelia.Uganda lifestyle productsThe decision to return to rented

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Why Uganda’s oil refinery remains behind schedule

Why Uganda’s oil refinery remains behind schedule

An artistic impression of an oil refinery. Uganda hopes to complete construction of a 60,000 barrels/day refinery by 2030. COURTESY IMAGE/PETROLEUM AUTHORITY OF UGANDA.Delayed construction heightens importance of missing piece in

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KCCA loses UGX 151.7M property rates case against Twed Towers

KCCA loses UGX 151.7M property rates case against Twed Towers

KCCA loses a sh151.7M property rates case against Twed Towers. A judge ruled KCCA’s claim was past the statute of limitations, enforcing a prior road works offset.KAMPALA, Uganda — The Kampala Capital City Authority (KCCA) has lo

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MK Publishers to Pay Author Shs 100m for Selling Children’s Stories to Rwanda without Permission

MK Publishers to Pay Author Shs 100m for Selling Children’s Stories to Rwanda without Permission

Uganda’s High Court has ordered MK Publishers Ltd to pay Shs 100 million ($26,000) in damages and royalties to author Annette Najjemba after finding the firm guilty of infringing her copyright by selling her children’s stories to the Government of Rwanda wit

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Uganda receives Jianzhou Big Ear Goats from China for Research and Breeding

Uganda receives Jianzhou Big Ear Goats from China for Research and Breeding

New Chinese "wonder goats" arrive in Uganda under FAO project. Research will crossbreed them with local types known for slower growth to increase meat yield.Minister Bright Rwamirama (left) and Dr. Swidiq Mugerwa inspect the Chinese goats during the han

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New HIV prevention drug price slashed to Shs130,000 from Shs102 million

New HIV prevention drug price slashed to Shs130,000 from Shs102 million

Minister of Health, Dr Jane Ruth Aceng, has welcomed a landmark global deal that will dramatically slash the cost of the HIV prevention drug, lenacapavir, making it affordable for millions in low- and middle-income countries.The announcement was made on W

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