Business •
15 Sep '24
The amount of money that the Uganda Electricity Transmission Co Ltd (UETCL) spends to transmit electricity has significantly risen due to an ageing grid, a 2023 value-for-money audit by the Auditor General (AG) has revealed.The audit shows that the actual expenditure for some of the activi
Business •
13 Sep '24
Retail credit card interest rates have reached an all-time record, according to new data from Bankrate.The average APR for retail credit cards is 30.45% this year, which is up from 28.93% a year ago, 26.72% two ye
Business •
13 Sep '24
The Ugandan government is proposing to create more new cities amid concerns that the nine cities, which were created in 2020, are already crippling financially and operating under numerous challenges.The Constitut
Business •
13 Sep '24
Uganda's government is in a legal tussle with 112 landowners who are set to be displaced by the East African Crude Oil Pipeline (Eacop) as low-value payment, absentee landlords and a complex landownership system in some parts of the country delay compensation, c
Business •
13 Sep '24
According to a recent audit conducted by the Louisiana Legislative Auditor's Office, the Louisiana Office of Public Health has come under scrutiny for its mismanagement of finances in the clean drinking water fund for the fiscal year ending in June 2023. Audit F
Business •
12 Sep '24
The population of Kampala is projected to grow by at least 57.8 percent in the next 10 years, signalling increased pressure on a city already facing challenges of overcrowding, informal settlements, high unemployment, poor public services, stretched utility serv
Business •
10 Sep '24
As of April 2024, the East African Community accounted for 31.7 percent of Uganda’s total export market whereas her total trade with the rest of the world increased by 36.3 percent to US$18.1billion in 2023 from US$13.3billion in 2022, while total imports from
Business •
10 Sep '24
At the rank of Assistant Commissioner of Police, many people in the Teso sub-region are still in awe of the simple lifestyle of Damalie Nachuha, the Regional Police Commander (RPC) of the East Kyoga police region.
Business •
09 Sep '24
Uganda Breweries Ltd (UBL) could soon be entirely owned by its Kenyan parent company, East African Breweries Limited (EABL), if the Tuesday tender offer to purchase its minority stake valued at Shs12.3 billion is successful.
Business •
26 Aug '24
Jennifer Lopez filed for divorce from Ben Affleck last week while he was sending his oldest daughter to college with ex Jennifer Garner