Uganda National Oil Co. signs a $2 billion loan with Vitol Bahrain to fund major infrastructure, including a new fuel pipeline and storage terminals.KAMPALA — Uganda’s state-owned oil company has signed a $2bn (£1.5bn) deal to fund major infrastructure projects designed to turn the co
“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS
Cardi B flaunted her flat stomach while wearing a faux fur crop-top in a selfie s
Uganda’s coffee industry is on a record-breaking trajectory, with exports reaching 8.4 million 60-kilogram bags, valued at UGX 8.2 trillion (US$ 2.4 billion) over the 12 months from November 2024 to October 2025, the Ministry of Agriculture, Animal Industry an
Shock and disbelief have engulfed the family of veteran UPC titan Dr. James William Rwanyarare after it emerged that a staggering Sh2.2 billion vanished from his bank account while he lay mentally ill and incapacitated at Nakasero Hospital.Family insiders
Nigerian singer Tems, real name Temilade Openiyi, has revealed why she has no plans of returning to Uganda for a performance any time soon.Tems remains one of West Africa’s most sought-after female artists, and many Ugandan party lovers have long hoped
Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv
Labour MP and former minister Tulip Siddiq has been sentenced to two years in prison in Bangladesh after being put on trial in her absence alongside 16 other people over corruption allegations.She was found guilty of influencing her aunt, Bangladesh's ousted prime minister
MC Kats says Fille Mutoni knew he was HIV positive before they became intimate and stood by him during his lowest moments, even as their relationship later ended.Celebrated media personality MC Kats has said that his ex-partner, singer Fille Mutoni, knew
The government has made a decision to lower the eligibility age for SAGE from the current 80 years to 65 years effective next financial year 2026/27. In addition government will increase the monthly stipend to Shs35,000 up from Shs25,000In this, government will provide an additional budget
