A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no sources of credit. The report, titled: Finance in Africa, Unlocking Investment in an Era of Digital Transformation an
The British American Tobacco team led by Chris Achola, Cluster Head BAT East and Southern Africa met with URA to identify ways on curbing illicit trade in cigarettes in the East African region. During the meeting held at URA headquarters, Nakawa BAT proposed different ways through which
The theory that James Hewitt is Prince Harry's dad has been rumbling on for decades - but what's the evidence to suggest it is true and why do people keep talking about it?The rumours have been swirling for decadesThe long-standing speculation th
As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began tweeti
U.S. President-elect Donald Trump spoke with Russian President Vladimir Putin and advised him not to escalate the Ukraine war, a source familiar with the conversation told Reuters on Sunday, as President Joe Biden plans to urge Trump not to abandon Kyiv. Trump and Putin spoke in recent d
Uganda’s tea prices at the Mombasa Tea Auction have been holding steady for the past seven weeks, with the latest sale, Number 45, ending on November 5, 2024, at an average price of $1.02 per kilogram (around sh3,760). This price mirrors that of the past two weeks, indicating stability in the mark
Buganda Road Chief Magistrate’s Court has charged and remanded a man accused of being a fake doctor to Luzira prison over forgery of academic documents. Thirty-eight-year-old Ken Nyombi alias Innocent Ssemanda alias Samuel Alfred Teriyeitu or Fred Ssendi was arraigned on Friday befor
Government and Citibank Uganda have signed a multibillion ten-year financing agreement for construction of the 97km Lusalira-Nkonge-Lumegere-Ssembabule Road, which is scheduled to start before the end of 2025. The financing agreement signed on Friday is for the project expected to cost S
Muslims in Jinja City have started accessing the cemetery after a section of a perimeter wall constructed for Jinja Regional Referral Hospital (JRRH) by the Engineering Brigade of the Uganda People’s Defence Forces (UPDF) was razed down on October 29. The development follows a Monday
On October 4, the Electricity Regulatory Authority (ERA) published in this newspaper a “notice of intended application for licence” for the development of the proposed 20 Megawatts waste-to-energy power plant in Ddundu Village in Kyampisi Sub-county, Mukono District. The notice, a pr
