Washington and Seoul brokered a historic $950 billion deal, bringing the two nations closer in both trade and military alliance. South Korea will pay $350 billion upfront to lower tariffs implemented by the USA. Hundreds of billions will flow between the nations as trade once again acts as the gr
The oil sector’s development — including two central processing facilities at Kingfisher and Tilenga — is expected to unlock billions in ancillary investment and generate thousands of jobsKampala: Uganda’s proven oil reserves have risen to 6.65 billion barrels, up from 6.4 billion,
Key PointsAs you near the end of your career, it's important to assess your finances to see if you're ready to retire. And a big part of that means setting a retirement budget.Once you've mapped out your monthly or yearly expenses, you can see if you'll have enough income based on t
For the next nine months, activities in Uganda’s oil fields will be ramped up as the country targets to get its first barrel of oil to the market through a 1,443km pipeline to the Tanzanian coast of Tanga by July 2026, more than 20 years after the first commercial discovery was made in western
The Busega-Mpigi Expressway project works are expected to resume, following approval of a loan of Euros188.18 million (Shs781.04 billion) from the African Development Bank and Euros28.31 million (Shs117.46 billion) from the African Development Fund.The loan, approved by Parliament during
There could be some big-name free agents on the open market at the end of the 2025/26 campaignEngland and Crystal Palace defender Marc Guehi is in the final months of his dealWhile there are still two months until the January transfer window opens, you can bet your bottom dollar tha
Motorists drive past an electoral campaign billboard of Tanzania's President Samia Suluhu Hassan of the ruling Chama Cha Mapinduzi Party (CCM) ahead of the general elections in Ilala district of Dar es Salaam, Tanzania Tanzanians will vote on Wednesday in an election that President Samia S
Pedestrians walk past a billboard of Cameroon's President Paul Biya reading: 'I thank the sovereign people for electing me' on a street in Yaounde, today, a day after the Cameroon presidential election results were announced. Biya, 92, has been re-elected for an eighth term with 53.7% of the vote
Uganda and the UAE kicked off their fourth annual business forum in Kampala, aiming to boost a $2.8 billion trade relationship dominated by Ugandan gold. Foreign direct investment from the Gulf nation has surged tenfold, fueling growth in sectors like agribusiness and renewable energy.KAMP
Russian stocks continued to plunge on Monday, fuelling fears of a major financial crisis following Donald Trump's swingeing new sanctions. The Kremlin has been rocked by the White House's decision last week to target its two largest oil companies in the latest sanctions package.Rosneft and
