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Why The EU Dropped Frozen Russian Assets Plan And Opted For $105 Billion Loan To Fund Ukraine

Why The EU Dropped Frozen Russian Assets Plan And Opted For $105 Billion Loan To Fund Ukraine

Belgium’s objections, Russian legal threats and unresolved liability questions forced the EU to drop the reparations-loan proposal and approve fresh borrowing for Ukraine.Denmark's Prime Minister Mette Frederiksen, European Council President Antonio Costa and European Commission Presiden

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Brazil court rejects new Bolsonaro appeal against coup conviction

Brazil court rejects new Bolsonaro appeal against coup conviction

A Brazilian Supreme Court judge on Friday rejected a fresh appeal by jailed former president Jair Bolsonaro against his coup conviction, declaring it inadmissible, according to a court document Brazil's Bolsonaro begins 27-year jail term for coup bidBolsonaro, 70, began serving a 27

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Uganda–UAE ties deepen as investment and exports surge, Metro Cement pre-launches new products

Uganda–UAE ties deepen as investment and exports surge, Metro Cement pre-launches new products

Officials launch the new Metro Cement products at Serena Hotel on December 18, marking the expansion of the company’s production capacity and product rangeUganda’s economic partnership with the United Arab Emirates (UAE) is entering a new phase, with rapidly growing foreign direct inve

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Uganda Strengthens Mobile Money Lending Rules to Combat Loan Defaults

Uganda Strengthens Mobile Money Lending Rules to Combat Loan Defaults

Uganda's mobile money sector is taking major steps to prevent loan defaults and restore trust in digital lending. For years, some borrowers who defaulted on digital loans exploited loopholes by switching networks or SIM cards, making it difficult for lenders to recover funds. Under the previous s

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Arsenal and Man United enter into transfer duel for €25 million midfielder.

Arsenal and Man United enter into transfer duel for €25 million midfielder.

Manchester United and Arsenal are interested in signing the Olympiacos midfielder Christos Mouzakitis.According to a report from Italian publication Area Napoli, the two clubs are in the mix to sign the 18-year-old midfielder, and they will face competition from several clubs, including Na

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Morocco beat Jordan to clinch Arab Cup 2025.

Morocco beat Jordan to clinch Arab Cup 2025.

Morocco defeated Jordan 3-2 after extra time to claim the Arab Cup on Thursday thanks to two goals from Abderrazzaq Hamed Allah following a stunning long-range strike from Oussama Tannane.Morocco opened the scoring after four minutes when Tannane's audacious shot from the centre circle cau

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Be vigilant during festive season - Aids commission

Be vigilant during festive season - Aids commission

As Ugandans prepare to celebrate Christmas and usher in the New Year, the Uganda Aids Commission (UAC) has issued a warning against reckless behaviours, saying it could reverse gains made in the fight against HIV/Aids.The UAC Director General, Dr Nelson Musoba, cautioned that while the fes

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Uganda: Just 41 MPs Approve Shs9tn Loan Blitz

Uganda: Just 41 MPs Approve Shs9tn Loan Blitz

In a Tuesday session that has sparked outrage among fiscal watchdogs, a mere fraction of the 11th Parliament authorized the government to proceed with massive loan requests totalling nearly Shs9 trillion.By suspending key safeguards, the House bypassed the standard oversight procedures des

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Museveni: Opposition Printed 2.7 Million Fake Ballot Papers in 2021 Election

Museveni: Opposition Printed 2.7 Million Fake Ballot Papers in 2021 Election

Kampala: President Museveni has accused opposition parties, mainly the National Unity Platform (NUP), of orchestrating long-running election fraud in Kampala, alleging ballot stuffing and the printing of fake ballot papers during the country’s recent polls.Speaking late on Wednesday, Mus

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Uganda says to trim debt issuance by 21% in 2026/27 FY

Uganda says to trim debt issuance by 21% in 2026/27 FY

The Bank of Uganda, Uganda’s central bank, in Kampala, Uganda, on Wednesday, May 17, 2023. Uganda estimates that it will need $28.1 billion to adapt to the effects of climate change and cut emissions until the end of the decade. Photographer: Katumba Badru Sultan/Bloomberg via Getty Images

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