“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
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
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
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
The Uganda Wildlife Authority (UWA) has revealed that Queen Elizabeth National Park in Western Uganda is currently is stuck with One Billion, Five Hundred Million Shillings (Shs 1.5Bn) due to local governments’ failure to account for funds allocated during the financial year 2023/2024.Ea
L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event.The lender
President Donald Trump has said the US has "no stronger partner" than Saudi Arabia during his first major foreign trip - a whirlwind visit of Gulf countries mainly focused on shoring up investment.Speaking in Riyadh, the US president also pledged to lift all sanctions agai
As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began tweeti
President Museveni authorised a late Shs14 trillion tax increment that Minister Kasaija added to the Budget Estimates, leaving Ibrahim Ssemujju Nganda in a tiffFrom the standard gauge railway to Lubowa hospital and Kiira Motors to the Preside
The funds taken by Tugume for his private coffee enterprise is almost higher than the 2023/2024 financial year budget (Shs 22bn) which the government allocated to cater for the allowances of medical interns and senior house officers across UgandaMuseveni in a group photo with Coffee Inve
