Housing Finance Bank posted a net profit of Shs 85.4 billion for the year ended December 31, 2025, marking a 20 per cent increase from Shs 71.1 billion recorded in 2024, as the lender reported strong growth across key financial indicators.The bank’s total assets rose by 15 per cent to Sh
Uganda’s heavy reliance on imported clinker—costing the country hundreds of millions of dollars annually—has long strained the economy and limited the growth of local industry.Leaders say the country has been losing up to 85 percent of the value of cement production to external marke
President Yoweri Kaguta Museveni, in the company of the Former Prime Minister of Ethiopia, H.E Hailemariam Desalegn Boshe, has today presided over the commissioning of Phase One of a 6,000-tonne cement clinker production line by Yaobai Cement. The facility is located in Nanduget , Moroto District
In a dramatic political climbdown that has set tongues wagging across the country, Speaker of Parliament Anita Annet Among has moved swiftly to kill off talk of a 2031 presidential bid, declaring she will instead retire from active politics—sparking speculation of fear, survival instinct, and l
Opposition MPs are in shock after Kalangala Woman MP Hellen Nakimuli died during surgery, with Opposition Leader Joel Ssenyonyi revealing she personally drove herself to hospital earlier in the day for what she believed was a minor procedure.The Leader of the Opposition, Joel Ssenyonyi, ha
KAMPALA – Uganda’s economy continues to show signs of steady recovery and strengthening activity, supported by rising demand, increased business confidence, and strong export performance, according to the latest Performance of the Economy Report for March 2026 released by the Ministry of Fina
Government has quietly converted a Shs7.78 trillion temporary advance from the Bank of Uganda into long term public debt, a move that will see taxpayers commit to years of repayments amid rising pressure on the country’s finances.According to the Parliamentary Committee on Finance report
MOMBASA, Kenya – Uganda’s tea sector is showing renewed signs of recovery, with auction prices rebounding 21% and absorption rates strengthening.Sector players say this offers cautious optimism to growers and processors after years of volatility. Data from the Mombasa tea auction indic
Minister for General Duties Justine Kasule Lumumba presents the 2025 local government performance assessment results during the National Performance Review Conference at Speke Resort Munyonyo. Lumumba noted that overall service delivery improved to 67.23 percent, with water and sanitation emergin
Tottenham players will suffer a huge hit to their earnings if the club is relegated this season. It was unthinkable before this season that Spurs would actually find themselves embroiled in a relegation dogfight, even with their 17th-place finish last term as a result of an injury crisis.Y
