Just as Kampala is still buzzing over tycoon Hamis Kiggundu’s fierce showdown with the so-called “Nakivubo Channel demons”, his brother Haruna Ssentongo has been thrown back into the spotlight — this time over a controversial Shs 2.4 billion property deal that has refused to die since 201
Inflation’s silent threat: Is crypto creeping in on traditional diversifiers’ turf?In today’s markets, uncertainty has become the new normal, putting pressure on traders and investors alike.Changing tariffs, shifting monetary policies, and persistent tensions are weighing on s
Fuel prices, especially petrol, have shot upFuel prices in Uganda are highAcross Africa, the price of a single litre of petrol can determine whether families eat, whether markets open, or whether a taxi driver makes it home with a decent earning. In Libya, that litre costs less than
Four people accused of attempting to defraud Stanbic Bank of Shs725 million were on Friday formally charged before the Buganda Road Chief Magistrate’s Court.They face seven counts, including forgery, uttering false documents, personation, attempted theft, and conspiracy to commit a felon
Customs officials at the Jomo Kenyatta International Airport (JKIA) on Thursday arrested six female suspects attempting to smuggle USD$857,300 (Sh103.6 million) from India.The six women of Somali origin arrived at the airport from India aboard Ethiopian airline flight Number ET318 and the
The Ministry of Works and Transport has ordered an urgent diversion of all traffic following the collapse of a major section of the Karuma–Kamdini road on the Gulu Highway, severely disrupting movement between northern Uganda and Kampala.In a statement dated November 16, officials confir
Three elephants that crossed the Paalappuzha river from the Aralam Farm completely ravaged the farmIn Iritty, herd of wild elephants destroys 600 plantain trees in a single nightFarmer Babu Joseph at the plantain farm in Palappuzha Koodaladu that was destroyed by a herd of wild elep
CNB Governor Aleš Michl aims to explore Bitcoin’s role in reserve diversification through testing.Czech National Bank crypto betKey takeawaysWhy did the Czech National Bank invest in crypto assets? The CNB launched a $1 million pilot to gain hands-on experience with
An armed gang killed at least 57 people after a brutal attack on villages following a dawn raid. The incident took place in South Sudan’s Upper Nile State, a local official said.The attackers struck just after 5.30am, and fired their weapons randomly at residents in the Adong Payam area.
Russia's economic crisis is intensifying with thousands of companies reportedly facing bankruptcy. Businesses have been hit by a double whammy of sanctions and high interest rates, since the outbreak of the full-scale war in February 2022.The key interest rate rose to a staggering 21% last
