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,
Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts.Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts, although bullion was still on track for its third straight monthly gain.Spot
L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event.The lender
Uganda’s construction sector recorded a mild rise in inflation, with the annual rate edging up to 0.6% in the 12 months ending April 2025, up from 0.5% in March, according to the latest Construction Input Price Index (CIPI) released by the Uganda Bureau of Statistics (UBOS).The increase,
President Museveni named Michael Atingi-Ego as Bank of Uganda Governor yesterday. "We trust his leadership will strengthen our financial systems," Museveni said during the announcement.Michael Atingi-Ego grew up h
Rebecca Kadaga escaped death when hired killers abandoned their mission after receiving UGX 15 million advance payment. The would-be assassins later revealed they couldn't harm her due to deep respect for her leadership.
Monthly headline inflation for February 2025 surged by 0.6%, more than doubling the 0.3% recorded in January 2025.The cost of living in Uganda has experienced a notable rise, with tomatoes and fresh leaf vegetables emerging as the primary contributors to monthly
Tottenham Hotspur's Brennan Johnson, Dejan Kulusevski and Dominic Solanke got on the scoresheet in a 3-0 victory over 10-man Manchester United in the Premier League on Sunday as the visitors ran roughshod over the bedraggled Old Trafford side. Ange Postecoglou's Spurs climbed to eighth
Sarah has three beautiful children, all under 10 years of age but her complaint is one: “They don’t like to go anywhere or to play outdoors. They are always busy hooked onto their tabs and every attempt to get them outdoors is a fight with them. They don’t
The amount of money that the Uganda Electricity Transmission Co Ltd (UETCL) spends to transmit electricity has significantly risen due to an ageing grid, a 2023 value-for-money audit by the Auditor General (AG) has revealed.The audit shows that the actual expenditure for some of the activi
