Cnooc Uganda Ltd has revealed that the development of the Kingfisher Field Development Area (KFDA) is in the advanced stage, ahead of the first commercial oil production in the last quarter of 2025. The KDFA, expected to have a maximum production of 40,000 barrels of oil per day for five
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
President Yoweri Museveni has pardoned the former Permanent Secretary at the Ministry of Local Government, Mr John Muhanguzi Kashaka and the late Henry Bamutura who were sentenced to 10 years in jail for causing government a financial loss of Shs4.2 billion meant to purchase bicycles for loc
Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are contained in the Bank of Uganda 2024 Annual Report, indicate that high staff turnover, which has remained unique to som
The Game of Thrones television series made some large changes from the books. George R.R. Martin was only heavily involved in the first
Arsenal have enjoyed a strong start to the season to assert themselves as title contenders once again.Arsenal have rebuilt their ranks ove
Today marks ‘Sheebah Karungi’s Day’ as she prepares to host her Nenyanzi Concert at Lugogo Cricket Oval to celebrate 15 years in the music industry.In a recent interview, Sheebah stated that 80% of her achievements in life have come from music, whil
If you had Shs100m in savings, where would you invest it? Would you consider safety first or simply dive into government bonds, or venture into stocks? Maybe your hard-earned savings could find a cosy home in real estate or leave it with the National Social Security Fund (NSSF) and forget ab
September 25, 2024 | Ashraf Habib
Hip-hop mogul P Diddy is known for his lavish White parties and massive birthday bashes and has rubbed shoulders with a lot of famous A-list stars over the years
