Business •
11 Jun '26
Tragedy struck Bugema in the Industrial City Division of Mbale City on Wednesday night after a fierce fire gutted dozens of kiosks and market stalls, leaving traders and residents counting heavy losses.Property and merchandise worth millions of shillings were reduced to ashes in the infern
Business •
11 Jun '26
Strong capital ratios and a Shs591 billion profit anchor Stanbic Uganda as Chief Executive Francis Karuhanga transitions to Standard Bank Group regional leadership.KAMPALA, Uganda — Outgoing Stanbic Uganda Holdings Limited Chief Executive Francis Karuhanga is handing over a robust balanc
Business •
11 Jun '26
Uganda hits a major milestone toward first oil, drilling 199 wells to surpass the government threshold required for commercial production.KAMPALA, Uganda — Uganda has drilled 199 oil wells, surpassing the threshold required to begin commercial production later this year, according to the
Business •
11 Jun '26
As construction of the East African Crude Oil Pipeline (EACOP) nears completion, the project company has initiated mass layoffs in Uganda and Tanzania, triggering anxiety among section of staff. The move has also stoked claims of discrimination amid claims of retention of majorly expatriat
Business •
11 Jun '26
The Church of Uganda is preparing for a major leadership transition as Archbishop Stephen Kaziimba approaches retirement in August next year.Kaziimba is expected to retire on August 14, 2027, a day before his 65th birthday. His departure will pave the way for the election of the Church of
Business •
11 Jun '26
Uganda’s income per person is projected to rise to USD 1,420 (about Shs5.1 million) in the current financial year, Finance Minister Henry Musasizi announced Thursday, a milestone that underscores the country’s steady economic expansion ahead of the anticipated oil era.Presenting the 20
Business •
11 Jun '26
Presenting the national budget before Parliament on June 11, 2026, Finance Minister Henry Musasizi said the country's economic outlook remains strong, supported by low inflation, rising exports, growing investment and increasing business confidence.Musasizi projects Uganda's economy will g
Business •
11 Jun '26
When the Minister of Finance, Henry Musasizi, presents the 84.3 trillion shillings budget for the 2026/27 financial year on Thursday, one figure will stand out among the revenue projections. The budget comes at a time when policymakers are positioning mineral resources, especially oil and gas, as
Business •
11 Jun '26
The vehicle had been fully covered with an orange tarpaulin and attracted suspicion from officers conducting a motorcycle patrol along the highway.The three cows were found concealed under a tarpaulin on the Toyota LiteAce vehicle which was recovered by police after suspects abandoned it a
Business •
11 Jun '26
Police have intensified investigations into a robbery at Nsambya traffic lights after footage of the attack resurfaced on social media.Police in Kampala have launched investigations into a robbery that took place at the Nsambya traffic lights along Ggaba Road after footage of the attack re