Business •
09 Oct '24
The National Resistance Movement (NRM) has officially kicked off its primary campaigns for the Kisoro District Woman Member of Parliament by-election, which is set to replace the late Sarah Mateke, the former State Minister for Defence and Veteran Affairs. The by-election has drawn significant inter
Business •
09 Oct '24
High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In details contained in the September State of the Economy Report, Bank of Uganda noted that developments in the [balance of pa
Business •
09 Oct '24
Can Green Finance Unlock Uganda's Potential? Only 22 percent of Ugandan farmers in agribusiness have access to green finance according to the 2023 FinScope Uganda report. Many subsistence farmers continue to report less and less harvest every year and yet don’t know why. The answer is obvi
Business •
09 Oct '24
This time last year Allan Okello was not that certain about his career, but had - at least - been given a lifeline by Vipers SC when they signed him on transfer deadline day despite carrying a troublesome knee. Okello’s knee issue had first been discovered when he was summoned to the U
Business •
09 Oct '24
Thirteen National Resistance Movement (NRM) party members seek to replace the late Kisoro District Woman Member of Parliament Sarah Nyirabashitsi Mateke through a by-election later this year. Campaigns ahead of party primaries started on Tuesday, a month after the ex-defense state minist
Business •
09 Oct '24
Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot
Business •
09 Oct '24
President Museveni has guaranteed to give Shs 2 billion to the Savings and Credit Cooperative Organisation (SACCO) of the womenâs council affiliated to the Uganda Muslim Supreme Council (UMSC), the governing body of Muslims in the country. The money is geared towards backing the eco
Business •
08 Oct '24
Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline can
Business •
08 Oct '24
Police in the Busoga Sub-region are investigating the cause of a fire that engulfed homes in the Namutumba and Bugiri districts on the morning of October 8, resulting in the deaths of seven family members. In Namutumba District, a fire consumed a grass-thatched house in Buyoboya-Kibale V
Business •
08 Oct '24
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,