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Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects

Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects

“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS

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2026 Polls: Museveni Assures Buganda of Free and Fair Elections.

2026 Polls: Museveni Assures Buganda of Free and Fair Elections.

President Yoweri Kaguta Museveni yesterday held his first campaign rally in the Buganda region, addressing a massive crowd at Kasambya Town Council in Mubende District.The President who presented the National Resistance Movement (NRM) Manifesto for 2026-2031, reaffirmed that peace remains

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‘I was declared deserter for resisting COVID-19 corruption in Uganda Prisons Service’

‘I was declared deserter for resisting COVID-19 corruption in Uganda Prisons Service’

A former Uganda Prisons Service custody health officer, James Turyatunga, has accused the institution of corruption and denying him justice after he was declared a deserter under contentious circumstances.Turyatunga, who once served at the height of the C

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Bitcoin firm Twenty One Capital drops 20% on first day of trading

Bitcoin firm Twenty One Capital drops 20% on first day of trading

Twenty One Capital came to market with over $4 billion in Bitcoin, but its lack of publicly shared business plans appears to have led some investors to the exit.Shares in Twenty One Capital (XXI), the newest crypto treasury company in the US, slid 20% on its trading debut after merging wit

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Nandor Love In Tears As Thieves Make Off With Studio And Home Equipment

Nandor Love In Tears As Thieves Make Off With Studio And Home Equipment

The devastated singer turned to social media and broke the news to her followers, who have commiserated with her over the loss of her property.The devastated singer turned to social media and broke the news to her followers, who have commiserated with her over the loss of her property.

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Shock as UETCL blows over Sh700bn on unused Bujagali Power.

Shock as UETCL blows over Sh700bn on unused Bujagali Power.

An inquiry into the cost of electricity from the 250MW Bujagali Hydropower Dam has revealed that government has over the past seven years paid USD 213.1 million (about UGX 775 billion) in deemed energy, money paid to Bujagali Energy Limited (BEL) for power generated but not taken by the national

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Michael Saylor’s Strategy buys $962M Bitcoin despite MSCI pressure – Why?

Michael Saylor’s Strategy buys $962M Bitcoin despite MSCI pressure – Why?

Is the MSCI risk overstated as Strategy doubles down on BTC?Michael Saylor’s Strategy buys $962M Bitcoin despite MSCI pressure - Why?Michael Saylor’s Strategy made a massive and surprising Bitcoin purchase in the last 24 hours, despite the overhang of the MSCI index exclusion re

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From 2 600% gain to 86% wipeout, crypto’s hottest trade collapses

From 2 600% gain to 86% wipeout, crypto’s hottest trade collapses

Investing in public companies holding bitcoin and other digital tokens was a major trend earlier this year, but the market has turned …Bitcoin itself is down only 6%. Around 70% of digital asset treasuries are expected to finish the year lower than their starting value. Image: Angel Garc

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China discovers largest gold deposit in its history – Estimated reserves reach 1,444 tonnes.

China discovers largest gold deposit in its history – Estimated reserves reach 1,444 tonnes.

China has announced the discovery of the largest gold deposit ever found in the country since 1949, with estimated reserves of 1,444 tonnes in Liaoning province. The discovery comes at a time when global gold prices are hitting record highs.The Chinese Ministry of Natural Resources confirm

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Law Society condemns deployment of police dogs, chaotic arrests at NUP Rally.

Law Society condemns deployment of police dogs, chaotic arrests at NUP Rally.

Police canine units being pushed directly toward civilians, including women and youths standing on the roadsideKampala, Uganda: The Uganda Law Society (ULS) has condemned the deployment of police dogs to disperse crowds during the National Unity Platform (NUP) presidential campaign in Kawe

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