Government has moved to raise salaries of Resident District Commissioners (RDCs) to Shs9million from the current 2.2 million shillings per month.Uganda currently has a total of 146 Residents District Commissioners, 163 Deputies and about 300 of their Assistants serving across th
Rapid selloffs and high leverage expose traders to sudden losses as digital asset markets remain highly sensitive to volatility.$300 million in leveraged long crypto positions were liquidated in the last 60 minutes due to sudden market selloffs.Bitcoin’s price pulled ba
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 staggeri
JUBA — South Sudan’s powerful Vice President, Dr. Benjamin Bol Mel, has been dismissed from all his government, military, and party positions following damning United Nations findings accusing him of orchestrating the large-scale plunder of the country’s oil wealth.A serie
Nearly two years after the World Bank Group suspended new funding to Uganda over the enactment of the Anti-Homosexuality Act, the international lender has lifted the ban.Deputy Speaker of Parliament Thomas Tayebwa was among the first to welcome the development, congratulating th
The decision to flag up the licensing rounds is in line with President Bola Tinubu’s plan to grow Nigeria to a $1 trillion economy.A graphic illustration of barrels of crude oilThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced its intention to
Rot In Health Ministry: Parliament Exposes 18yr Scandal In Donor-Funded ProjectsThe Ministry of Health has come under renewed fire in Parliament over a string of stalled, donor-funded projects some delayed for nearly two decades raising fears that the newly proposed cancer centres in Arua
A clash between the military bloc and Russia could happen “tomorrow,” Lieutenant General Alexander Sollfrank has saidBerlin is prepared for a conflict with Moscow and stands ready to facilitate the deployment of 800,000 NATO troops towards the Russian border if war does brea
Ministry of Defence officials have been told to prepare the nation for war “in our own backyard”. Staff responsible for spending the nation's £288 billion defence procurement budget were told to speed up the process and equip the armed forces “to be ready to fight”, even if it meant taki
The Court of Appeal has overturned a High court decision that had cancelled a payment of $8.7 million (about Shs 33 billion) owed by the Government of Uganda to the Iraqi Fund for External Development.Court of Appeal ruled that the High court acted in error when it revisited a c
