Category: Business

China discovers largest gold deposit in its history – Estimated reserves reach 1,444 tonnes.

China discovers largest gold deposit in its history – Estimated reserves reach 1,444 tonnes.

China has announced the discovery of the largest gold deposit ever found in the country since 1949, with estimated reserves of 1,444 tonnes in Liaoning province. The discovery comes at a time when global gold prices are hitting record highs.The Chinese Ministry of Natural Resources confirm

Ultimate Uganda

Uganda’s recoverable oil reserves rise to 1.65 billion barrels.

Uganda’s recoverable oil reserves rise to 1.65 billion barrels.

Uganda’s petroleum sector has reported an increase in the country’s estimated oil and gas reserves, according to Ernest Rubondo, Executive Director of the Petroleum Authority of Uganda (PAU), a government agency that regulates the sector.According to Rubondo, the latest assessments ind

Ultimate Uganda

Dollar unfazed even as Fed cut comes back into view

Dollar unfazed even as Fed cut comes back into view

The U.S. dollar was steady on Tuesday as investors deliberated the chances of the Federal Reserve cutting interest rates next month.The U.S. dollar was steady on Tuesday as investors deliberated the chances of the Federal Reserve cutting interest rates next month after dovish comments from

Ultimate Uganda

BoU Pushes New Credit Rules to Unlock Loans for Every Ugandan

BoU Pushes New Credit Rules to Unlock Loans for Every Ugandan

David Kalyango, the Executive Director of Supervision at the Bank of Uganda, explained the vision: ensuring that every Ugandan, no matter their type of work, can access credit to grow businesses, boost investments, and drive development.The Bank of Uganda has been locked in a heated debate

Ultimate Uganda

Ham Kiggundu Defends Nakivubo Project

Ham Kiggundu Defends Nakivubo Project

A deaf and dumb father of 12 children who has been held at Luzira prison for over a year on allegations of using his three-year-old child to beg, is appealing for justice and release as he awaits trial in the High Court.Thirty-six-year-old&

Ultimate Uganda

Gold dips as dollar firms, investors weigh U.S. rate cut bets

Gold dips as dollar firms, investors weigh U.S. rate cut bets

Gold dips as dollar firms, investors weigh U.S. rate cut betscnbc.com25minNOVOSIBIRSK, RUSSIA - SEPTEMBER 15: A worker shows granules of gold at Novosibirsk Refining Plant, Russia's leading gold refining and bar manufacturing plant, in Novosibirsk, Russia on September 15, 202

Ultimate Uganda

Bitcoin Price Today, November 24, 2025: BTC Price Slightly up USD 87,000 After Falling to USD 86,000 Recently, Significantly Down From Its Previous Highs

Bitcoin Price Today, November 24, 2025: BTC Price Slightly up USD 87,000 After Falling to USD 86,000 Recently, Significantly Down From Its Previous Highs

Bitcoin has seen a slight rebound after dropping to USD 86,000, rising to USD 87,540 as of November 24, 2025. The cryptocurrency remains far below its earlier peak of USD 126,000, having plunged under USD 100,000 and declined for several days. Market conditions remain weak, and any meaningful rec

Ultimate Uganda

Putin in panic as Russia faces economic meltdown with banks facing £100bn 'time bomb'

Putin in panic as Russia faces economic meltdown with banks facing £100bn 'time bomb'

Russia's economy is facing a "time bomb", as sanctions escalate and interest rates remain high. Businesses around the country are struggling to pay back loans and are fighting to stave off bankruptcy.Firms have watched on helplessly as interest rates were hiked to 21% towards the end of 20

Ultimate Uganda

Russia, China readying 80 joint projects to the tune of $200 billion — envoy

Russia, China readying 80 joint projects to the tune of $200 billion — envoy

According to Boris Titov, so far in 2005, Chinese entrepreneurs have officially registered 13,000 firms in RussiaXI’AN /China/, November 24. /TASS/. Russia and China are preparing an estimated $200 billion of joint investment projects, Boris Titov, co-chairman of the Russian-Chinese Comm

Ultimate Uganda

Wall Street finally is giving altcoins a seat at the table – But can they keep it?

Wall Street finally is giving altcoins a seat at the table – But can they keep it?

Solid inflows clash with a weak altseason index, so all’s not what it seems.Wall Street finally is giving altcoins a seat at the table - But can they keep it?Key TakeawaysAre altcoin ETFs enough to trigger an altseason?Early inflows are strong for some assets, but th

Ultimate Uganda